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Tunisian local polls show apathy amid economic crisis

Location:

TUNISIA

TUNISIA: Local polls show apathy amid economic crisis

Kenya’s new budget targets significantly lower deficit

Location:

KENYA

After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…

Gaza war will hit non-oil Middle East economies hard

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MIDDLE EAST

The conflict will damage the economic prospects of Israel, Egypt and Jordan, even without a major regional escalation. The Gulf Arab states, Iraq and Algeria will benefit from the…

Coup claims may bode ill for Zambia’s opposition

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ZAMBIA

Recent successful coups in West and Central Africa have raised fears this might embolden militaries elsewhere to seize power. However, Zambia is a well-established democracy where…

Central America’s coffee sector faces major challenges

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CENTRAL AMERICA

Coffee is an important cash crop for small farmers across the region, providing valuable income for millions of families. Coffee farms are economic engines in rural areas…

Drought could be a defining issue in Spanish elections

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SPAIN

April was the hottest and driest month since records began in 1961. Drought is harming agricultural production and pushing up food prices; it has become a key issue ahead of…

Gulf economies are on a stable track despite risks

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GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Prospects for African economies to end-2023

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PROSPECTS H2 2023

The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…

Belarusian economy will depend on Russian support

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BELARUS

The economy has been unexpectedly resilient under comprehensive economic sanctions imposed by the West. Russia could only provide limited support as its economy had to adjust to…

Brunei will step up efforts to diversify economy

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BRUNEI

The IMF recently recommended structural reforms to bolster the economy, which has struggled to recover from the impact of the COVID-19 pandemic. Brunei has long been reliant on…