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South African budget prompts cheer and wider divisions

Location:

SOUTH AFRICA

However, cuts to the social grants budget and a continued focus on the planned three-year wage freeze for civil servants has annoyed (among others) the ruling ANC's ‘Tripartite…

Inflation and deficits may upset Hungary’s economy

Location:

HUNGARY

Hungary’s inflation rate was the EU’s highest in spring 2021. Spending promises and tax cuts ahead of elections due by spring 2022 are widening the budget deficit. Prime…

Briceno’s difficulties will benefit Belize’s UDP

Location:

BELIZE

Belize’s economic slowdown is proving prolonged, driven by the sharp drop in tourist arrivals as a result of the COVID-19 pandemic. The government has reduced spending and…

Budget rethink will not placate Guatemalan public

Location:

GUATEMALA

Protesters in Guatemala City set fire to Congress on November 21 as the unrest intensified. Faced with increasing violence, President Alejandro Giammattei agreed to withdraw the…

Mexican fiscal orthodoxy to be maintained amid crisis

Location:

MEXICO

Public finances have not so far deteriorated as dramatically as they might have done, considering the economic contraction caused by the COVID-19 pandemic. This is explained…

Prospects for South Africa to end-2020

Location:

PROSPECTS H2 2020

Meanwhile, the already dire state of public finances is set to deteriorate further as the economic impacts of the COVID-19 dampen revenues and increase debt, further undercutting…

COVID-19 crisis will spoil Greek climate-related plans

Location:

GREECE

After securing a record allocation from the new EU budget, estimated at EUR72bn (USD84.8bn), the Greek authorities must now formulate a comprehensive strategic development plan in…

Dominican Republic eyes a rapid recovery

Location:

DOMINICAN REPUBLIC

This less-pronounced drop can be explained by a minor uptick in tourism, thanks to border reopening in July, and increased remittances. Improvement is expected to continue as the…

Pandemic will take heavy economic toll in Colombia

Location:

COLOMBIA

This has triggered a series of economic setbacks. The economy showed modest growth in the first quarter of 2020 before plummeting 15.7% in the second, year-on-year. Various…

Opposition may not profit from Hungary’s economic woes

Location:

HUNGARY

HUNGARY: Opposition may not profit from economic woes