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Income inequality will worsen in Taiwan

Location:

TAIWAN

A widening income gap, coupled with a sluggish economy over the past two years, will be a disadvantage for the ruling Democratic Progressive Party in Taiwan’s presidential…

China's consumption growth will slow

Location:

CHINA

Services including healthcare, entertainment and travel flourished while the share of housing in overall consumption fell, reflecting property-market troubles. Markedly lower…

Latin American remittances growth will slow this year

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LATIN AMERICA

Despite the slowdown, growth in remittances in 2022 still reached double digits. This was mainly due to the strength of the labour market in the United States, where the majority…

China’s property downturn resolution will take years

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CHINA

The housing market is experiencing its largest downturn, triggered by government action in 2020 to limit financial risks from the property sector by introducing debt ceilings for…

Tax exposes fiscal challenge facing Italy’s coalition

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ITALY

The measure sent bank stocks tumbling and ignited intense political debate, after which the government partially backtracked. The displays the ad-hoc nature of Meloni's economic…

Russian banks will face tougher conditions in 2024

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RUSSIA

Banking sector profitability surged from RUB199bn (USD2.2bn) in 2022 to around RUB3.3tn in 2023. Rising profitability was generated by robust credit expansion, lower loan…

China’s local governments will accumulate hidden debt

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CHINA

Local governments’ fiscal positions have become increasingly untenable post-pandemic amid a property market downturn. Record numbers of local government financing vehicles (LGFVs…

South Africa faces fiscal reform challenges

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SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

ECB balance sheet reduction raises fragmentation risks

Location:

INTERNATIONAL

At USD8.3tn, the ECB’s balance sheet is on a par with that of the US Federal Reserve (Fed). To date, the ECB's QT has focused on banks repaying loans taken from the ECB since 2019…

Debt programmes may help boost Brazilian consumption

Location:

BRAZIL

In this context, the government has recently launched two debt renegotiation initiatives: “Desenrola Brasil” (Develop Brazil) under the Ministry of Finance and “Renegocia!”…