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Low inflation dilemma deepens for central banks

Location:

INTERNATIONAL

Review of central bankers' annual Jackson Hole retreat.

IMF inclined to shun third Greek bailout

Location:

GREECE/INT

EU institutions have offered modest debt restructuring but are demanding higher levels of repayments for a decade, financed by tax hikes and spending cuts that would be legislated…

Iraq’s converging crises will set back fiscal reform

Location:

IRAQ

Promised extra food rations have yet to appear, deepening economic pressure on households. Last year’s twin shocks of the pandemic and oil-price collapse contributed to a fiscal…

Ghana's budget proposals likely to prove unfeasible

Location:

GHANA

The government plans to increase government spending to 58.1 billion cedis (12.5 billion dollars), up 13.7% from 2016, while reducing the fiscal deficit to 6.5% of GDP from 8.7…

South African relief plan will not halt further slide

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SOUTH AFRICA

South African relief package.

Policy tweaks will have modest impact in Brazil

Location:

BRAZIL

The decision was taken despite inflation that reached 10.67% last year. It came days after President Dilma Rousseff signed into law the 2016 federal budget, which foresees a GDP…

Member states will fight over the next EU budget

Location:

EU

The fiercest fights in the EU are usually about money, and the battle over the EU’s next seven-year budget (the 2021-27 multiannual financial framework, MFF) looks set to be…

Economy may suffer as party leaves Slovak government

Location:

SLOVAKIA

Deep rifts have dominated Slovak politics since the four-party coalition’s conception, but disagreements between Ordinary People and Independent Personalities (OLaNO) and SaS…

Firmer forecasts for 2020 world growth are unrealistic

Location:

INTERNATIONAL

Trade activity has been sharply downgraded: five years ago, the Fund expected 5.6% trade volumes growth this year. Now it sees 1.1%, one-third of the pace it forecast in April…

Shipbuilding will thwart Russia’s naval modernisation

Location:

RUSSIA

The change of management at OSK signals the Kremlin’s dissatisfaction with the slow pace of Russia’s protracted naval modernisation programme. Vast sums were spent yet only a…