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Early Argentine economic successes are unsustainable

Location:

ARGENTINA

The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…

Australia budget reversal may accelerate downgrade

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AUSTRALIA

The Australian federal budget, delivered on May 9, attempts to revive the electoral prospects of the Liberal-National Coalition government. The timeline for a return to surplus is…

Macri faces conflicting pressures in Argentina

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ARGENTINA

Although styled as the more 'business-friendly' candidate, Macri will face numerous challenges in making rapid macroeconomic changes, despite the need to do so. Since 2003, when…

EU fiscal reforms will reinforce regional divergence

Location:

EU

Though parameters have changed and national starting positions are recognised more, the reforms are not extensive. Debt and deficit targets remain. Indebted countries, principally…

United Arab Emirates growth may depend on transparency

Location:

UNITED ARAB EMIRATES

The United Arab Emirates (UAE) economy is increasingly diversified, not least with the imposition of VAT since January 1 -- albeit at a low initial level of 5%. Fiscal…

High oil prices improve Bahrain’s economic outlook

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BAHRAIN

Bahrain’s economic prospects have improved dramatically following the surge in world commodity prices in recent months. Strong oil and aluminium revenues have boosted the fiscal…

Germany’s economic recovery may remain anaemic

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GERMANY

Germany, like its euro-area partners, has struggled to achieve anything resembling a strong recovery from the 2008-09 financial crisis. Forecasts for 2017 have been revised…

Australian post-election fiscal conservatism is likely

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AUSTRALIA

As Australia seeks to manage slower demand from China and depressed commodities prices, Prime Minister Malcolm Turnbull has called a 'double dissolution' election for July 2…

Osborne's windfall to boost UK Conservatives further

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UNITED KINGDOM

A fiscal windfall allowed Osborne to slow the pace of deficit reduction and escape what had been expected to be a politically challenging moment for the Conservative government.

Revenue-sharing returns to Argentine political agenda

Location:

ARGENTINA

In 2015 the economic downturn and the electoral calendar undermined provincial finances. The outlook is no better for 2016, forcing provincial governors to seek fresh funds. In…