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Kazakhstan will struggle to boost oil output

Location:

KAZAKHSTAN

Astana's aspirations to reach 2 million b/d have been set back by difficulties in raising output at major fields. Government efforts to diversify the economy away from…

Brazil's environmental policy faces political hurdles

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BRAZIL

During the campaign leading up to the election, in which he narrowly beat incumbent President Jair Bolsonaro, Lula had pledged to tackle deforestation of the Amazonian rainforest…

Rapid recovery will prove elusive in Argentina

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ARGENTINA

The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…

Bolivia’s gas sector faces major struggles

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BOLIVIA

For the last 25 years, gas exports have been Bolivia’s main source of foreign exchange and the government’s main source of tax income. However, long-time buyer Argentina is moving…

Exports will drive recovery in Mexico’s auto sector

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MEXICO

The new RVC should benefit North American automotive industry producers, in Mexico’s case underpinning the sector’s recovery from semiconductor shortages and the COVID-19 pandemic.

Investor confidence in Turkey will rise slowly

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TURKEY

The move is part of the government’s new more orthodox economic policy, which was adopted following President Recep Tayyip Erdogan’s re-election in May. The change of policy…

Prospects for the global economy in 2024

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PROSPECTS 2024

Weak trade and fiscal policy constraints suggest global GDP growth will slow somewhat in 2024, with China and the United States losing momentum. Hopes for growth-boosting rate…

Bahrain’s tourism strategy will face stiff challenges

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BAHRAIN

Tourism development forms a key plank of Bahrain’s long-term economic growth strategy. However, almost all its Gulf peers are pursuing the same goal, armed with often-superior…

Australia's budget surplus is welcome but fleeting

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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…

China will boost grain supplies

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CHINA

President Xi Jinping has repeatedly cited food security as one of his top strategic priorities. Amid geopolitical tensions and global supply chain disruption, recent years have…