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Australian foreign property rules are mainly political

Location:

AUSTRALIA

The new rules, which include steeper taxes on foreign purchases of existing domestic properties, are part of a Labor strategy intended to free up more housing stock. The…

Brazil's Central Bank will expand Pix payments system

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BRAZIL

The impact of Pix has been transformative for the financial system and the payments landscape in Brazil, and it has gained praise from the IMF for its positive impact on financial…

IMF deal will bring little relief in Argentina

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ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Japan will raise defence spending and cut deficits

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JAPAN

The budget is likely to be enacted by the end of the current fiscal year in March 2024. Rapidly increasing military spending reflects drastic changes in Tokyo’s defence policy. On…

Colombia’s economy faces sluggish growth in 2024

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COLOMBIA

Expectations for 2024 suggest lower inflation than last year, but risks persist. The OECD forecasts moderate GDP growth, highlighting inflation and interest rate concerns. Minimum…

Australia emission standards will have limited impact

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AUSTRALIA

Although raising fuel efficiency standards as a means of reducing emissions has been a high-profile issue for the government, last-minute concessions to the automotive sector will…

Ankara will firmly focus on the economy

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TURKEY

In the March 31 municipal elections, the main opposition Republican People’s Party (CHP), to which Imamoglu belongs, gained 37.8% of the vote nationally, beating the AKP in its…

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…

New Brazil industrial plan will face uncertainties

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BRAZIL

The plan covers six priority areas: agro-industry, health, infrastructure and mobility, digital transformation, bio-economy and defence. Most of the BRL300bn (USD60bn) in…

Russia’s high-tech sector will receive more support

Location:

RUSSIA

After being targeted by Western sanctions, Russia’s high-tech sector has been boosted by the new opportunities created by the government’s import substitution programme, the…