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Saudi capital spending allocations are on the rise

Location:

SAUDI ARABIA

However, because of the large surplus of 2.5% recorded in that year, Riyadh’s public debt is only about 25% of GDP, providing the government and the country’s sovereign wealth…

Colombia to deepen China trade and political ties

Location:

COLOMBIA

Colombia is yet formally to endorse China’s Belt and Road Initiative (BRI), but may do so under President Gustavo Petro. Although Chinese investment offers major potential…

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…

New York City faces a range of fiscal challenges

Location:

UNITED STATES

Adams wants to tell potential migrants in the region that New York is “at capacity”. Last week’s heavy flooding underscored the frailties of the city’s 19th-century…

Laos is at growing risk of sovereign debt default

Location:

LAOS

According to a debt sustainability analysis published by the IMF in May, Laos is in debt distress. Years of rapid growth in borrowing to fund infrastructure development…

Omani fiscal plans will depend on social impact

Location:

OMAN

Leading international credit ratings agencies had upgraded their outlook for Oman in early 2023. Positive reviews reflect the sultanate’s improved financial performance in 2022…

Greater policy support will boost China's economy

Location:

CHINA

Retail sales accelerated in annual terms, as consumption continues to lead economic expansion. However, investment slowed and exports fell back deeper into contraction. The…

US higher education braces for falling student numbers

Location:

US

With many US colleges and universities lacking endowments and already struggling financially, the expected decline in enrolments in the coming years will pose additional…

Oman's state-society relations may slowly change

Location:

OMAN

Many welcomed the decision, believing it reflected the authorities’ acknowledgement of social realities. The decision also builds on other changes to state-society relations, such…

Outlook is bright for key leftist leader in Sri Lanka

Location:

SRI LANKA

According to the constitution, the poll must take place in September-October. The JVP was formed as a Marxist-Leninist party. Recent opinion polling suggests Dissanayake would be…