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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…

Canada faces the prospect of a public-sector strike

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CANADA

Employees at the Canada Revenue Agency voted for strike action last week, setting the scene for a potential showdown between the government and as many as 300,000 workers. Any…

Angola's renewed China dependence will bring more pain

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ANGOLA

However, China’s insistence on negotiating debt relief bilaterally and on a loan-by-loan basis will delay efforts to reschedule borrowing, jeopardising Angola’s debt…

Extensive ECB response will reduce depth of recession

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INTERNATIONAL

Far from being nonplussed by Germany’s Constitutional Court ruling of May 5 that the ECB’s Public Sector Purchase Programme (PSPP) may be illegal, it doubled the programme on June…

Ethiopia’s conflict clouds the economic outlook

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ETHIOPIA

Both are desperately needed, as G20 debt service relief will soon expire, and as the conflict in northern Ethiopia increasingly strains the economy and the government’s finances.

Sri Lanka faces several obstacles in debt talks

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SRI LANKA

Sri Lanka must attend to debt restructuring as part of its four-year, USD3bn bailout programme with the Fund. The Fund’s Executive Board approved the bailout in March, roughly ten…

Prospects for East Africa and the Great Lakes in 2023

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PROSPECTS 2023

Prospects for East Africa and the Great Lakes in 2023.

China trade deal has pros and cons for Ecuador

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ECUADOR

The deal, which was finalised under former President Guillermo Lasso (2021-23) and approved by the National Assembly in February, promises improved access to expanding Chinese…

Productivity paralysis constrains UK growth prospects

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UNITED KINGDOM

The UK economic outlook.

New Zealand TPP approval is likely despite opposition

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NEW ZEALAND

New Zealand's main political parties are divided on TPP ratification, which marks the first such division on a trade agreement in 40 years. The main opposition Labour party has…