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Poland, Czechia and Hungary may join euro, but not yet

Location:

EASTERN EUROPE

The Denkov administration that took office in June has set adopting the euro as a top priority, and blames the previous interim government for Bulgaria’s unpreparedness to join…

War in Ukraine will revive but not ease EU enlargement

Location:

EUROPE

It proposes fast-tracking the EU membership applications of Ukraine, Moldova and (subject to conditions) Georgia, an unprecedented geopolitical decision. Its recommendations have…

Liberal-NDP split should not mean early Canada poll

Location:

CANADA

The NDP has long pushed for a national pharmacare programme, and a lack of action would provide an excuse for Singh to end the 2022 pact with the Liberals that has helped keep the…

Central bank policies diverge amid political strains

Location:

INTERNATIONAL

This creates a clear contextual divide, ahead of consequential European Parliament, US and UK elections in 2024. The inability of the central banks to forecast inflation or growth…

Iraqi Kurdistan is set to lose much of its autonomy

Location:

IRAQ

Between deepening internal divisions, increased foreign pressure and a stark economic crisis, the semi-autonomy of the Kurdistan Region of Iraq (KRI) is facing its most severe…

Second-half economic recovery will be muted in Peru

Location:

PERU

Peru is already in technical recession, reflecting both adverse domestic and international conditions. Private investment, including in the all-important mining sector, has…

EU budget shrinkage forecasts may come under pressure

Location:

EU

EU: Budget shrinkage forecasts may come under pressure

Macron faces political risks over French fiscal woes

Location:

FRANCE

The government is highly dependent on steady GDP growth to meet its pledges on deficit-reduction and tax cuts. It was forced to implement EUR10bn (USD10.7bn) in emergency cuts in…

Russia's construction boom is likely to moderate

Location:

RUSSIA

The completion of residential housing units reached a post-Soviet record of 110 million square metres. This strong expansion in construction activity was demand-led, stimulated by…

French government faces a difficult fiscal dilemma

Location:

FRANCE

As a result of dwindling tax revenue, he also said that state spending would be cut by EUR10bn (USD10.8bn). The government’s forecast for this year is more optimistic than…