Search results

Russian recession will blunt Central Asian growth

Location:

CIS

Russia's economic problems caused by the low price of oil and to a lesser extent Western sanctions are a challenge for Kazakhstan and the four other Central Asian states. In its…

Future Azerbaijani growth will be lower than before

Location:

AZERBAIJAN

Azerbaijan's January-June contraction.

Oil prices will squeeze Russian budget spending

Location:

RUSSIA

The government's scramble to revise its budget.

Gulf states set for major spending cutbacks in 2016

Location:

GULF STATES

This comes as Gulf Cooperation Council (GCC) states begin serious reforms to adapt to a new period of low oil prices. The United Arab Emirates (UAE) led the way in August 2015 by…

Kazakh government realistic on oil and COVID-19 shocks

Location:

KAZAKHSTAN

In response to the new macroeconomic realities, the government put on hold the fiscal consolidation plans it announced earlier and allocated 4.4 trillion tenge (10.1 billion…

Imposing Iraqi fiscal discipline will face challenges

Location:

IRAQ

The government is preparing to send the 2023 budget to parliament. Some politicians favour a large increasing in spending, giving little space for technocratic arguments that the…

Sanctions will increase risks for Russian economy

Location:

RUSSIA

However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…

Russia will prioritise rainy day reserves build-up

Location:

RUSSIA

While international reserves are healthy, that portion held in sovereign wealth funds to support budgetary spending has been severely depleted by government drawdowns, and one of…

Sound finances will help Russia navigate dual shocks

Location:

RUSSIA

The collapse in commodity prices, above all oil, plus the impact of an extended lockdown have depressed Russia's exports, investment and consumption. The economic prospects could…

COVID-19 and oil shocks raise Gulf recession risks

Location:

GULF STATES

Lower oil and gas revenues are the major transmission channel of the global crisis to regional economies, but tourism, financial and professional services are also taking a major…