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South Africa faces fiscal reform challenges

Location:

SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

Sanctions will increase risks for Russian economy

Location:

RUSSIA

However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…

Egypt's economy will stand on firmer ground

Location:

EGYPT

Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…

Australian income tax changes will have limited impact

Location:

AUSTRALIA

Labor’s changes reduce help for higher earners and instead prioritise workers on low and middle incomes. Parties on the political right have condemned the move, but opinion polls…

North Caucasus will remain under Moscow's control

Location:

RUSSIA

Russia has managed to ensure relative order and stability in the region in recent years, with transfers from the federal budget helping tame local opposition groups that…

Iraqi Kurds’ economic trap will drive instability

Location:

IRAQ

The Kurdistan Regional Government (KRG) emphasised it had sent the federal finance ministry a promised full list of employees on April 21; however, Baghdad sources said…

Pressure for water access will intensify in Mexico

Location:

MEXICO

Reducing water supplies are an established problem in the area, and recent events highlight long-term mismanagement of the water-supply infrastructure that has allowed the…

Gulf economies are on a stable track despite risks

Location:

GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Prabowo Subianto will build party support in Indonesia

Location:

INDONESIA

Defence Minister Prabowo Subianto won the poll comfortably, with nearly 59% of the vote. However, the parliamentary elections held concurrently went less well for him, with the…

Attracting investment may prove difficult in Nigeria

Location:

NIGERIA

However, these macro-level improvements belie both uneven reform implementation and the worsening economic environment faced by most Nigerians.