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Tourism to drive Belize economic growth amid slowdown

Location:

BELIZE

Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks…

Global sustainable bond market set for a 2023 comeback

Location:

INTERNATIONAL

The sale of green, social, sustainability and sustainability-linked (GSSS) bonds registered a double-digit decline in 2022 after several years of impressive growth. Brazil’s…

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…

Gulf economies are on a stable track despite risks

Location:

GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

German spending crisis will have key implications

Location:

GERMANY

The ruling means there is a gap of at least EUR17bn (USD18.4bn) in next year’s spending that needs to be addressed. The coalition parties are divided on how to resolve the issue.

China's global initiatives will evolve

Location:

CHINA

The summit marked the tenth anniversary of the government’s flagship Belt and Road Initiative (BRI). Beijing revised the BRI’s emphasis from large-scale infrastructure projects to…

Zambia’s mining targets appear unachievable

Location:

ZAMBIA

Zambia’s economy is heavily dependent on copper, and the government is seeking to boost production to 3 million tonnes by 2030 to leverage rising global demand for copper due to…

Doubts persist in Paraguay despite economic optimism

Location:

PARAGUAY

The following week, the US Department of Agriculture (USDA) approved imports of Paraguayan beef for the first time in 26 years. These positive developments come at a time of…

Middle East and North Africa will lead tourist rebound

Location:

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…

Paraguay challenges persist despite economic optimism

Location:

PARAGUAY

PARAGUAY: Challenges persist despite economic optimism