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Mexico’s budgetary pressures will keep growing

Location:

MEXICO

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.

Mexico budget could bolster Morena election hopes

Location:

MEXICO

The package also contains revenue legislation and lays out key economic assumptions such as the projected oil price and growth expectations for the US economy. A new president and…

War in Ukraine will deepen poverty in Central Europe

Location:

EASTERN EUROPE

Central-East European (CEE) economies grow faster than most in good times but are more vulnerable in bad times, lacking the political and financial capital and competences to…

Slovakia’s response to energy crunch will need EU help

Location:

SLOVAKIA

Slovakia’s Soviet inheritance has exposed it to the massive economic fallout from the Kremlin’s full-scale aggression against Ukraine, its efforts to squeeze natural gas supplies…

Malta’s Labour government will hold down living costs

Location:

MALTA

MALTA: Labour government will hold down living costs

Fiscal policy will have election impact in Argentina

Location:

ARGENTINA

Fiscal adjustment was mainly driven by the fall in primary expenditure implemented by Economy Minister Sergio Massa in the second half of the year. This strengthened his position…

Reforms seek long-term economic benefits in Uruguay

Location:

URUGUAY

Uruguay’s pension system has various sub-systems by sector and profession, and the mounting deficit is making change increasingly critical. President Luis Lacalle Pou is aiming to…

Crimean leaders will resist Moscow's control

Location:

UKRAINE

Crimea's main value to Moscow is as a naval base restoring dominance in the Black Sea and allowing sustained military action in Syria. The economy is heavily reliant on Moscow for…

Russia's budget reflects caution on future spending

Location:

RUSSIA

A three-year budget cycle is intended to create predictability after a year in which the initial budget had to be revised as the oil price outlook grew gloomier. Spending cuts are…

New Chile lockdown will add to wider uncertainties

Location:

CHILE

At the same time, a new Central Bank report suggests that, despite a sharp liquidity-driven economic rebound this year, the country faces a lean medium-term outlook.