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Turkey will reduce inflation gradually

Location:

TURKEY

Although the central bank has increased interest rates substantially since June 2023, the effects on economic activity and inflation have been limited. Prices and policy…

Bolivia’s nearing elections will shape economic policy

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BOLIVIA

Faced with the diminution of foreign currency reserves, the government has taken steps to encourage exporters to repatriate the dollars they earn abroad and place them within the…

Morocco will struggle to lift growth rates

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MOROCCO

This is below the medium-term target of average annual real GDP growth of 6%, with economic performance largely affected by poor agricultural harvests. There was a modest recovery…

Tunisia's economic challenges show no sign of abating

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TUNISIA

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…

Ethiopia faces tough negotiations around IMF programme

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ETHIOPIA

Addis Ababa must reach an agreement with the IMF to honour its commitments under its debt-service suspension agreement with official creditors. Thereafter, further talks will be…

Egypt will aim at rationalising energy consumption

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EGYPT

EGYPT: Government will aim at rationalising energy use

Pakistan will be optimistic about its IMF talks

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PAKISTAN

Islamabad now seeks a larger, longer-term bailout programme with the Fund. Finance Minister Muhammad Aurangzeb has suggested that a staff-level agreement on such a package could…

Saudi Arabia’s economic outlook remains positive

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SAUDI ARABIA

SAUDI ARABIA: Economic outlook remains positive

Rapid recovery will prove elusive in Argentina

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ARGENTINA

The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…

China’s local governments will accumulate hidden debt

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CHINA

Local governments’ fiscal positions have become increasingly untenable post-pandemic amid a property market downturn. Record numbers of local government financing vehicles (LGFVs…