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FRANCE: Ratings downgrade is a blow to Macron
Issues such as soaring inflation, currency depreciation and debt repayment problems are having a major impact on the economy. The World Bank estimates that GDP grew by 3.7% in…
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DOI: 10.1108/OXAN-DB287447
ISSN: 2633-304X
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RUSSIA: Budget deficit will be larger than planned
The economic situation is challenging: unemployment was 16.4% in the fourth quarter of 2023, and work and business opportunities are limited. The government has avoided a debt…
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DOI: 10.1108/OXAN-DB287273
ISSN: 2633-304X
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A key driving factor was soaring government consumption ahead of the February general election, which included the race to succeed Joko ‘Jokowi’ Widodo as president, won by…
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DOI: 10.1108/OXAN-DB287205
ISSN: 2633-304X
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Stabilisation measures implemented with Gulf assistance this year have created a platform for manufacturing growth. If this can be directed to boost manufactured exports, it would…
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DOI: 10.1108/OXAN-DB287535
ISSN: 2633-304X
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CHINA: Budget spending to lift infrastructure and GDP
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DOI: 10.1108/OXAN-ES286992
ISSN: 2633-304X
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Mulino assumed the candidacy late in the race, after former President Ricardo Martinelli (2009-14) was disqualified over a corruption conviction. The new president will face…
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DOI: 10.1108/OXAN-DB286964
ISSN: 2633-304X
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The government is highly dependent on steady GDP growth to meet its pledges on deficit-reduction and tax cuts. It was forced to implement EUR10bn (USD10.7bn) in emergency cuts in…
FRANCE: Credit rating challenges will persist