Author: Editor
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October 2025
Three months on from our last report and Pakistan’s balancing act now looks more precarious than poised. The government is fighting fires on all fronts. Political, economic and environmental issues are all smouldering while it is trying to stop any sparks from flying that could ignite dissent. All this while it tries to project control…
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October 2025
Kazakhstan is no longer just balancing power. It is building a platform. October’s moves revealed a state retooling itself on every front - geopolitical, digital, economic and security. At the UN, Astana pitched itself as a neutral convener. At home, it tightened control through AI laws, crypto regulation and urban surveillance.…… Read the rest
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October 2025
Kazakhstan is no longer just balancing power. It is building a platform. October’s moves revealed a state retooling itself on every front - geopolitical, digital, economic and security. At the UN, Astana pitched itself as a neutral convener. At home, it tightened control through AI laws, crypto regulation and urban surveillance.…… Read the rest
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October 2025
BNP is turning up the pressure. Mirza Fakhrul Islam Alamgir is pushing parties to focus on elections instead of side issues like proportional representation. Meanwhile, the IMF has cut its growth forecast sharply to 4.9%, although inflation is finally starting to ease. Cash still rules - nearly 72% of all transactions - despite efforts to…
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Indonesia Macro Brief: October 2025
BI holds the benchmark rate at 4.75% after last month’s 0.25% cut. This caught the market by surprise, but not us – inflation was the key decider, as we forecast. IDR looks to be slowly regaining some strength as the economy now stabilizes. Bank Indonesia’s (BI) decision to hold the benchmark rate at 4.75% appears…
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Taiwan Macro Brief: October 2025
Taiwan remains stable but the landscape is shifting. The foundations are still holding but the strain is starting to show. Taiwan’s macro fundamentals remain solid. Rates are steady, inflation is cooling and employment is strong. But beneath that surface, the system is adjusting. The central bank is nudging housing policy, regulators are stepping up scrutiny…
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October 2025
Iran’s political and economic landscape is deteriorating into another turbulent new phase with UN sanctions snapping back and the rial falling even to new historic lows. As usual, Tehran is tightening restrictions at home and projecting defiance abroad. With Europe upping the pressure through multilateral channels, Iran is digging in – rejecting nuclear limits, arguing…
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October 2025
Iran’s political and economic landscape is deteriorating into another turbulent new phase with UN sanctions snapping back and the rial falling even to new historic lows. As usual, Tehran is tightening restrictions at home and projecting defiance abroad. With Europe upping the pressure through multilateral channels, Iran is digging in - rejecting nuclear limits, arguing…
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Egypt’s Debt Story: A Recovery Built on Fragile Ground
The headlines are comforting. Egypt’s debt on track to hit lowest level since 2016 by 2030, says the IMF. Ahram Online dutifully reported it while Cairo’s officials echoed the optimism. But if you look behind the tidy slope of those projections you will see there is a more complicated reality. It is one that depends…
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South Korea Macro Brief: October 2025
Rate hold again - but tone shifts: The BOK held at 2.5% for a second month but internal dissent is growing. Four out of seven board members now back a cut within the next quarter. Household debt in the crosshairs: Regulators are tightening operational controls - including stricter lending caps and zero LTV for some…