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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.
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…
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DOI: 10.1108/OXAN-DB287273
ISSN: 2633-304X
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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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After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…
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DOI: 10.1108/OXAN-DB286934
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB286620
ISSN: 2633-304X
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EGYPT: An IMF deal will ease economic constraints
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DOI: 10.1108/OXAN-ES285707
ISSN: 2633-304X
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ARGENTINA: Prices and poverty will drive uncertainty
TUNISIA: Youth unemployment will boost social risks
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DOI: 10.1108/OXAN-ES285281
ISSN: 2633-304X
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The invasion of Ukraine is causing strains in Russian society to show, with opposition to another mobilisation and rising appetite for peace talks. The economy is overheating in…
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DOI: 10.1108/OXAN-DB284997
ISSN: 2633-304X
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The Massa-Milei run-off was widely expected but the result of the October 22 first round was less so, with Massa receiving 36.7% of the vote to nearly 30.0% for Milei. Much will…