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Politics may roil Seoul’s recovery and policy plans

Location:

SOUTH KOREA

The opposition-controlled National Assembly finally passed the 2024 budget on December 21, 19 days after the legal deadline. December also saw a rolling reshuffle which replaced…

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.

Economic pressure will increase on Italian government

Location:

ITALY

The budget will amount to EUR24bn (USD28bn), with a deficit of 4.3% of GDP to support tax cuts and increased spending. The higher-than-expected deficit comes as economic growth…

Biden speech points to central campaign issues

Location:

UNITED STATES

Biden used last week’s State of the Union address to lay out his priorities for the year ahead, offering a speech intended to rally his party and demonstrate his commitment and…

US Democrats may struggle to gain from investment push

Location:

UNITED STATES

The IRA unabashedly uses major government subsidies to attract corporate investment, with an emphasis on advanced manufacturing and clean energy. It is emerging as a central…

Diamond sanctions will have a modest impact on Russia

Location:

RUSSIA

The ban will be extended by the end of the year to include diamonds polished in third countries, lab-grown diamonds, as well as jewellery and watches containing diamonds. The new…

Nigeria's 2024 budget projections are likely untenable

Location:

NIGERIA

Defence and security get the largest sectoral allocation at NGN3.25tn, followed by education at NGN2.2tn and health and infrastructure, each at NGN1.33tn. However, the budget is…

Biden's budget request reflects his campaign themes

Location:

UNITED STATES

UNITED STATES: Biden budget reflects campaign themes

Russian banks will face tougher conditions in 2024

Location:

RUSSIA

Banking sector profitability surged from RUB199bn (USD2.2bn) in 2022 to around RUB3.3tn in 2023. Rising profitability was generated by robust credit expansion, lower loan…

Canada's economy will affect political outlook in 2024

Location:

CANADA

The economy has not grown in the past two quarters and, on a per capita basis, has declined for six consecutive quarters. With the Bank of Canada ruling out interest rate cuts…