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Policy can support global finance and welfare

Location:

INTERNATIONAL

Financial globalisation and policy.

Russian budget plan points to shift in priorities

Location:

RUSSIA

Plans for the next three years point to a rebalancing in the structure of expenditure, with greater emphasis on spending on health, education and support for the economy. Federal…

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…

Putin re-election leaves Russia's dilemma unresolved

Location:

RUSSIA

With 98.8% of votes counted, turnout was put at 67.5%, close to the 70.0% the Kremlin had flagged up as desirable. Putin's victory is about continuity rather than a new start, and…

Costa Rica’s pandemic response faces political hurdles

Location:

COSTA RICA

In August, it asked the IMF for a USD1.75bn credit under the Extended Fund Facility. This will come on top of the USD504mn approved by the IMF for emergency financial assistance…

India’s budget plan risks being self-defeating

Location:

INDIA

Total expenditure is projected at INR39.5tn (USD524.4bn), about 5% higher than the revised estimate for 2021/22. However, capital expenditure (capex) is expected to be more than…

Budget will not offset South Africa junk rating risk

Location:

SOUTH AFRICA

Fiscal outlook for South Africa.

Government may water down Greek pension reform

Location:

GREECE

Pension reform is a critical compliance requirement for the Greek authorities with the 'quadriga' of creditors -- ECB, European Commission, European Stability Mechanism and IMF -…

Germany is close to entering a recession

Location:

GERMANY

Berlin believes that supply via the pipeline will decline significantly or end completely after the maintenance work. Consumer confidence in July reached an historic low…

Czech and Polish anti-inflation plans may work better

Location:

EASTERN EUROPE

Budget constraints make it difficult for the Czech, Hungarian, Polish and Slovak authorities to help households and firms suffering as a result of the economic shocks caused by…