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Bahrain’s new premier faces difficult fiscal choices

Location:

BAHRAIN

Manama is seeking multiple means to adjust to the impact of the pandemic, publishing a two-year budget in November that targets a steady decline in the fiscal deficit. Although…

Russia’s budget deficit may exceed official target

Location:

RUSSIA

The federal budget deficit target for 2023, set at RUB2.9tn (USD35.8bn), is likely to be exceeded for the second year in a row. Federal expenditure is showing no signs of slowing…

South African government faces public-sector showdown

Location:

SOUTH AFRICA

The negotiations follow the government’s refusal last year to pay the final annual tranche of a previous three-year deal. Containing the public-sector wage bill is seen as key for…

New Zealand growth and revenue could disappoint

Location:

NEW ZEALAND

This fiscal path is broadly consistent with the previous government’s, but the surpluses are planned to be smaller and net government debt is expected to drop below 20% of GDP two…

Rising risks may threaten China’s steady GDP slowdown

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CHINA

China growth outlook.

Parts of Greek economy will be unreformed post-bailout

Location:

GREECE

Greece will re-enter international capital markets solely on the strength of its economy, after a near-decade-long recession that wiped out one-quarter of its output and left…

High US unemployment means social fabric risks

Location:

UNITED STATES

Unemployment insurance claims have risen sharply during the pandemic. The Labor Department will release its latest data later today: total claims are likely to involve 30 million…

Prospects for Turkey in 2023

Location:

PROSPECTS 2023

Prospects for Turkey in 2023.

Price protests may not bring down Azerbaijani regime

Location:

AZERBAIJAN

Authorities took too long to adjust the exchange-rate regime under pressure from falling oil prices, wasting resources that could have been used to shore up the banking sector…

Turkish parties compete on spending pledges for 2023

Location:

TURKEY

President Recep Tayyip Erdogan’s Justice and Development Party (AKP) and the main opposition Republican People’s Party (CHP) are both offering largesse to various social groups…