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Post-virus downturn could hurt Hungary’s government

Location:

HUNGARY

The pandemic has strengthened Prime Minister Viktor Orban’s position in the short term. However, the government has done little on the economic front; a conservative stimulus…

Egyptian consumers face tough year despite gains

Location:

EGYPT

The Egyptian authorities increased energy prices and hiked interest rates in an effort to keep the IMF-backed economic reforms on track, but the impact of these measures has been…

Bet on Canada's spending poses risks for Trudeau

Location:

CANADA

It includes large federal stimulus spending to spur economic growth and to alleviate the worst impacts of the collapse in global commodity prices, particularly oil. The budget…

More Turks could lose jobs as COVID-19 plays out

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TURKEY

Hurriyet Editor-in-chief Ahmet Hakan has queried whether Turkey is becoming a society without class or privilege. Well-intentioned anti-crisis policies have widened inequalities…

Inflation adds to Brazil’s multiple economic woes

Location:

BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…

Cuban discontent will be muted despite economic woes

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CUBA

At the same time, private businesses have been allowed to import as never before. New privately owned shops caters to those with hard currency, but for most people the economic…

War in Ukraine will deepen poverty in Central Europe

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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…

Inflation could rise again in Russia in 2023

Location:

RUSSIA

Inflation has subsided owing to base effects. War, sanctions, geopolitical isolation and economic restructuring have already undermined population living standards, with poorer…

Massa rallies but Argentina run-off remains open

Location:

ARGENTINA

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…

Nigeria faces widening inequality and poverty crises

Location:

NIGERIA

With the economy expected to contract by at least 5.4% this year, government measures to cushion the effects of the crisis are unlikely to be enough to stem worsening hardship for…