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The budget deficit is increasing markedly and will probably top 6% of GDP in 2024 -- the highest level since the late 1980s -- while economic growth remains in the 2-3% range.
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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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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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…
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DOI: 10.1108/OXAN-DB286930
ISSN: 2633-304X
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The unprecedented move is the first rift since the two countries peacefully parted more than three decades ago. It came soon after the Visegrad Four (V4) of Czechia, Hungary…
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DOI: 10.1108/OXAN-DB286274
ISSN: 2633-304X
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LATIN AMERICA: IDB adds to calls for renewable energy
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DOI: 10.1108/OXAN-ES285718
ISSN: 2633-304X
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ARGENTINA: Prices and poverty will drive uncertainty
As a result of dwindling tax revenue, he also said that state spending would be cut by EUR10bn (USD10.8bn). The government’s forecast for this year is more optimistic than…
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DOI: 10.1108/OXAN-DB285767
ISSN: 2633-304X
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Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks…
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DOI: 10.1108/OXAN-DB285253
ISSN: 2633-304X
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Despite the unprecedented amount, demand for the bonds was substantial at USD21.3bn. The government has forecast a public sector borrowing requirement equivalent to 5.4% of GDP in…