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The great GDP contraction may herald huge crowding out

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INTERNATIONAL

Economic stimulus schemes and gaps.

Prospects for Turkey in 2021

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PROSPECTS 2021

Fiscal and monetary stimuli and a policy-induced credit boom have combined with the broad normalisation of social life to contain COVID-19's impact on economic output. However…

Hungary’s Orban will probably survive Bicske scandal

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HUNGARY

Fidesz has suffered three high-profile political casualties following the presidential pardon for Endre Konya, who tried to cover up for a child abuser: President Katalin Novak…

Ukraine battles virus, political and default risks

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UKRAINE

As well as causing economic and business disruption, the crisis has virtually put the political process on hold. Parliament is holding occasional sessions to pass urgent…

Ruto will try to broaden Kenya’s trade ties

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KENYA

Nairobi also says it expects a US-Kenya free trade agreement (FTA) to be finalised by April 2024, while the government has promised various tax and other incentives to foreign…

Finland election likely to see centre-left government

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FINLAND

Finland looks set to be the next euro-area country to see the ousting of a government made unpopular by austerity and low growth, in favour of an opposition force. However, the…

Price protests may not bring down Azerbaijani regime

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AZERBAIJAN

Authorities took too long to adjust the exchange-rate regime under pressure from falling oil prices, wasting resources that could have been used to shore up the banking sector…

War may not prevent elections in Ukraine

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UKRAINE

Zelensky’s statement followed weeks of growing speculation that a wartime election might be held. However, it is still unclear if elections -- either parliamentary or…

Canada is well-placed to meet defence spending targets

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CANADA

Spending on the Canadian Armed Forces (CAF) rose in the 2021 budget despite fears that Prime Minister Justin Trudeau's government would scale back military expenditure to fund…

Inadequate policies will deepen Mexico COVID-19 blow

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MEXICO

A lack of testing may have led to an underestimation of infections, but with a population of 130 million, Mexico appears relatively unscathed by the pandemic so far. The virus…