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Challenges for Norway’s premier will persist

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NORWAY

Among several factors, voters are disillusioned over persistent inflationary pressures and rising interest rates. The government’s image has also been damaged by its handling of a…

Ukraine war will damage South Korea's economic growth

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SOUTH KOREA

It threatens its energy security, creates cost-push inflation due to rising prices of imported commodities and disrupts exports and supply chains. This will slow South Korea's…

Russia oil ban will stress euro-area economic activity

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EU

European leaders found a compromise with Hungary which had blocked a full ban on Russian oil as part of the sixth round of EU sanctions that European Commission President Ursula…

Prospects for Russian politics to end-2019

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PROSPECTS H2 2019

Prospects for Russian politics to end-2019.

Ukraine war will undermine Argentine economic outlook

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ARGENTINA

The impact of the Russia-Ukraine conflict is a mixed picture for Argentina. High agricultural commodities prices will boost export earnings, but a higher energy import bill could…

Argentina's YPF avoids default but not further pain

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ARGENTINA

In January YPF announced a plan to restructure its USD6.2bn foreign debt which, if successful, would represent the largest deal of its kind by an Argentine company. Reportedly…

Many factors will restrict Russia’s recovery in 2023

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RUSSIA

This turnout was a far milder contraction than the many assessments made at the outset of the invasion of Ukraine of its likely impact on the Russian economy. It prompted a public…

Russia’s budget deficit may exceed official target

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RUSSIA

The federal budget deficit target for 2023, set at RUB2.9tn (USD35.8bn), is likely to be exceeded for the second year in a row. Federal expenditure is showing no signs of slowing…

Russia’s decoupling from West looks to be long-term

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RUSSIA

This is Russia’s drastic response to most developed states’ economic sanctions following the invasion of Ukraine. It means a new geography of foreign trade that will not only…

Argentina spending cuts aim to ease primary deficit

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ARGENTINA

Massa also extended peso debt maturities through a successful debt swap. On the political front, he was able to overcome the resistance of Vice-President Cristina Fernandez de…