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Next UK government will have limited fiscal space

Location:

UK

The party has been cautious regarding its economic plans, reflecting the difficult fiscal situation it will encounter should it win in July. Low growth and rising debt mean that…

Tunisia's economic challenges show no sign of abating

Location:

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…

Ecuador IMF deal will stoke sociopolitical tensions

Location:

ECUADOR

The agreement will last for 48 months and includes an immediate disbursement of USD1bn. It will provide much-needed, short-term fiscal relief for the government and increase…

El Salvador poverty will create problems for Bukele

Location:

EL SALVADOR

President Nayib Bukele is highly popular, having implemented hard-line security policies that have reduced murder rates dramatically. He was re-elected in February by a landslide…

South Africa faces fiscal reform challenges

Location:

SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

IMF deal will bring little relief in Argentina

Location:

ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Looser policy will bring China limited economic gains

Location:

CHINA

CHINA: Looser policy will bring limited economic gains

China’s local governments will accumulate hidden debt

Location:

CHINA

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

The short-term impact of Canada's budget will be small

Location:

CANADA

The budget keeps the deficit just inside prescribed limits despite an increase in new spending, by stepping up measures to boost revenue. Initiatives designed to target the…

Egypt will focus on boosting industrial output

Location:

EGYPT

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…