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Latin American remittances growth will ease this year

Location:

LATIN AMERICA

Migrants from Latin America and the Caribbean (LAC) sent a record amount of money to relatives last year due mainly to a strong labour market in the United States, where most of…

Inflation could rise again in Russia in 2023

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RUSSIA

Inflation has subsided owing to base effects. War, sanctions, geopolitical isolation and economic restructuring have already undermined population living standards, with poorer…

Jordan’s stalled economy risks rising social tensions

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JORDAN

The economy faces chronic problems of low growth, joblessness and declining living standards, resulting in periodic protests. Its heavy dependence on foreign aid, especially from…

Sanctions will increase risks for Russian economy

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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's construction boom is likely to moderate

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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…

Oman's state-society relations may slowly change

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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…

German automakers face obstacles on all fronts

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GERMANY

German manufacturers face a multi-faceted competitiveness challenge. Domestic output almost halved from 2016 to 2021. The failure to match rivals in the development of electric…

Prospects for the euro-area to end-2023

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PROSPECTS H2 2023

Tourism and other customer-facing sectors are growing solidly even though above-target inflation is squeezing disposable incomes. However, strong services activity is keeping core…

Manama will struggle to vary its investor offering

Location:

BAHRAIN

The Economic Development Board (EDB), the country’s investment promotion agency, announced in March that its ‘golden licence’ scheme of incentives for local and foreign investors…

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…