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Turkey's economic policy shift is not worth the risks

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TURKEY

The lira’s collapse has only fortified President Recep Tayyip Erdogan’s adherence to unorthodox low-interest-rate policies. Rather than changing course, Erdogan has publicly…

Weak domestic demand is holding back Greek recovery

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GREECE

Evidence of Greece’s economic recovery, which started in 2017, is to facilitate its exit from the bailout programme on August 20, while the speed of the rebound should largely…

Syriza must wrest some new deal from Greece's lenders

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GREECE

Syriza's first days in office.

Turkey’s recovering economy will lack resilience

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TURKEY

Turkey’s economic bounce-back.

South African budget prompts cheer and wider divisions

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SOUTH AFRICA

However, cuts to the social grants budget and a continued focus on the planned three-year wage freeze for civil servants has annoyed (among others) the ruling ANC's ‘Tripartite…

Romania hopes to surmount virus’s expected second wave

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ROMANIA

Government measures to support workers and companies seem to have worked. With closer state-corporate dialogue established, surveys and some data give grounds for measured…

Egypt will find it hard to hit budget targets

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EGYPT

The Ukraine war has had a damaging effect on the Egyptian economy, but the government has presented a budget for the 2022/23 (July-June) fiscal year that aims to trim the fiscal…

South African polls could delay substantive reforms

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SOUTH AFRICA

Data released by Statistics South Africa last week also showed economic growth declining by 2.2% quarter-on-quarter, a reminder of the economy’s continued fragility. New President…

Greece’s political and economic prospects are fragile

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GREECE

Thus ends eight years of economic policy oversight by the ECB, European Stability Mechanism and IMF, in exchange for some 275 billion euros (315 billion dollars) in soft loans…

Price protests may not bring down Azerbaijani regime

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AZERBAIJAN

Authorities took too long to adjust the exchange-rate regime under pressure from falling oil prices, wasting resources that could have been used to shore up the banking sector…