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Rapid recovery will prove elusive in Argentina

Location:

ARGENTINA

The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…

Early Argentine economic successes are unsustainable

Location:

ARGENTINA

The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…

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…

War of attrition in Ukraine is unlikely to end soon

Location:

UKRAINE

After Ukraine’s summer counter-offensive failed to achieve any of its major objectives, Russia has regained the initiative in the ground war. It captured the frontline fortress…

Ethiopia faces tough negotiations around IMF programme

Location:

ETHIOPIA

Addis Ababa must reach an agreement with the IMF to honour its commitments under its debt-service suspension agreement with official creditors. Thereafter, further talks will be…

Landslide win gives Putin six more years

Location:

RUSSIA

Putin won 87% of the vote on 74% turnout, surpassing the 68% seen in 2018. Communist candidate Nikolai Kharitonov came second with just under 4%. Scattered opposition protests and…

East Europeans will gain influence on Western security

Location:

EUROPE

She implied that the role should go to someone from Central-Eastern Europe (CEE). Von der Leyen’s message emphasises how far the balance in decision-making on European security…