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Australia's budget surplus is welcome but fleeting

Location:

AUSTRALIA

Chalmers is already investing much of the surplus in cost-of-living relief for households struggling with high prices and rising interest rates, as well as funding for community…

Canadian debate over streaming services moves venues

Location:

CANADA

C-18, a second, related bill that would require internet companies to compensate Canadian journalistic enterprises for use of their content, is currently before a Senate committee…

UK economy faces a shallow yet prolonged downturn

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UNITED KINGDOM

The IMF forecast assumes UK interest rates peak at 6.0% (from 5.25% currently), and linger at 4.0-4.25% through to 2028. The IMF’s forecasts are similar to those of the Bank of…

Ottawa may lose some battles over digital issues

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CANADA

The Online Streaming Act, passed in April, adds digital streaming services to the CRTC’s responsibilities. Following the announcement of a registration requirement for companies…

Kenya faces growing fiscal consolidation challenges

Location:

KENYA

The weakness of the Kenyan shilling, which is constantly hitting new record lows, has generated so much concern that, on October 24, parliament summoned the central bank governor…

South Africa may struggle to deliver a credible budget

Location:

SOUTH AFRICA

Facing major shortfalls in tax collections, the Treasury has therefore requested government departments to implement immediate spending cuts and has recommended far-reaching…

Kenya’s new budget targets significantly lower deficit

Location:

KENYA

After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…

Dominican monetary policies pave way for growth

Location:

DOMINICAN REPUBLIC

The relative sluggishness is due partly to the delayed impacts of financial tightening and reduced global demand. While domestic demand has been the primary engine of growth, the…

Next Argentine president will face tough IMF demands

Location:

ARGENTINA

With second-quarter targets unmet, the deal was delayed by conflicting positions on fiscal and exchange policies. Economy Minister Sergio Massa’s recent policy package paved the…

Mexico budget could bolster Morena election hopes

Location:

MEXICO

The package also contains revenue legislation and lays out key economic assumptions such as the projected oil price and growth expectations for the US economy. A new president and…