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Kazakh fiscal buffers soften oil and COVID-19 blows

Location:

KAZAKHSTAN

The projected fiscal deficit of 3.5% of GDP assumes a forecast 2.1% economic contraction this year. The authorities have used their ample fiscal space and large sovereign wealth…

Modi will lose much rural support

Location:

INDIA

As the 2019 general election approaches, Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) is trying to secure the backing of India’s rural population, which is some…

The Middle East’s young people face lifetime struggles

Location:

MIDDLE EAST

The fallout from conflict and the COVID-19 pandemic also clouds the horizon for many. The survey suggests an increasing divide between young people in the Gulf states, who seem…

The US Fed is coming under greater political scrutiny

Location:

UNITED STATES

If confirmed, the appointments would increase diversity on the Board at a time when the stock trading activities of some members have raised questions. While these should quickly…

New Chile lockdown will add to wider uncertainties

Location:

CHILE

At the same time, a new Central Bank report suggests that, despite a sharp liquidity-driven economic rebound this year, the country faces a lean medium-term outlook.

Progress on transatlantic trade relations will be slow

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US/EU

It represents a strong message to Europeans that a return to transatlantic trade pre-2016 is not on the horizon, and instead US trade policy will be driven by the need to protect…

Fungus raises fears for Latin American banana crop

Location:

LATIN AMERICA

Banana fungus.

US offshore oil industry will take years to recover

Location:

UNITED STATES

Rising output from the Gulf of Mexico, which accounts for about 16% of total US production, will help offset some of the falling output from onshore shale projects, although…

Balkan IT talent will draw more international interest

Location:

BALKANS

AI start-ups and companies founded in the last few years in South-eastern Europe are now starting to reveal their potential. However, factors such as the brain drain and the…

Spain’s foreign investment appeal is under threat

Location:

SPAIN

Spain’s increasingly protectionist regulatory environment, and proposed tax and labour reforms, threaten to discourage investment. The foreign-owned automotive sector, which…