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Italy’s budget for next year reflects fiscal caution

Location:

ITALY

The government proposes a moderate increase in spending, largely funded by better-than-expected GDP growth. Rome has committed to the previous government's fiscal consolidation…

Prospects for Central-Eastern Europe in 2018

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PROSPECTS 2018

Prospects for Central-Eastern Europe in 2018.

EMs will stay fragile despite improving sentiment

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INTERNATIONAL

The improvement in investor sentiment stems mainly from the stabilisation of oil prices and an easing of concerns about China's economy, lifting asset prices in emerging markets…

COVID-19 crisis to trigger recession in Panama

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PANAMA

COVID-19 impact.

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…

Recovery plan will need to follow Argentine debt deal

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ARGENTINA

The net present value (NPV) of this fifth offer is around 37% higher than the first, largely the result of bringing forward payment dates. Despite a significant fall in the…

Panama faces major fiscal and external challenges

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PANAMA

Partial or complete lockdowns are taking a heavy toll on activity, with a pronounced impact on construction (down 70.5%), manufacturing (down 29.5%), hotels and restaurants (down…

Kenya faces growing fiscal consolidation challenges

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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…

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…