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Russia escapes default for now, but reckoning nears

Location:

RUSSIA

The news resulted in a brief rally in Russia's sovereign Eurobonds after weeks of speculation about its ability to pay in dollars rather than rubles as threatened. Russia is due…

Turkey’s recovering economy will lack resilience

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TURKEY

Turkey’s economic bounce-back.

Erdogan is on path taking Turkey away from the West

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TURKEY

The Turkish leadership believes that a new US administration may stand back from its predecessor's criticisms of Turkey and be better placed to strike a deal with Russia and…

Jordan’s debt levels are sustainable for the present

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JORDAN

Despite a series of IMF programmes since 1989, public sector debt levels have climbed to worrying heights, driven by deficits on both fiscal and current account accounts. Jordan’s…

Premier lingers on in lacklustre Georgian government

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GEORGIA

The timing of the reshuffle was logical, but execution has been haphazard and indecisive, furthering popular disappointment with the ruling Georgian Dream (GD) coalition's…

Middle East and North Africa will lead tourist rebound

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MIDDLE EAST/NORTH AFRICA

The Middle East has been a key market in the post-pandemic rebound in global tourism, boosted by one-off events in the Gulf Cooperation Council (GCC) in 2022. GCC states are…

'Brexit' could hinder long-term UK growth

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UNITED KINGDOM

Depending on the outcome, the United Kingdom's relation with its largest trading partner may be at risk, together with the City of London's role as a financial hub and the ability…

Laos is at growing risk of sovereign debt default

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LAOS

According to a debt sustainability analysis published by the IMF in May, Laos is in debt distress. Years of rapid growth in borrowing to fund infrastructure development…

Middle East and North African debt fears will rise

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MENA

Like other fuel-importing countries in the Middle East and North Africa (MENA), it has large structural fiscal and current account deficits. These have resulted in climbing…

Targets in Iran’s development plan are unrealistic

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IRAN

Iran's development plans are macro-level guidelines which are then translated into micro-level policies and programmes. The 2022-26 plan has seven pillars: economic;…