Author: Editor
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South Korea Macro Brief: August 2025
South Korea is holding the line – but it is not relaxing. The Bank of Korea (BOK) has paused its rate cut cycle, yet forward guidance remains firmly on the dovish side. Domestic demand is still soft, capital outflows haven’t let up and financial risks continue to creep. At the same time, regulators are leaning…
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India Macro Brief: August 2025
We are seeing strategic stillness but with some subtle shifts. India’s macro picture is calm on the surface but shifting underneath. The Reserve Bank of India (RBI) has held its line, but banks are already moving. Inflation is at record lows - though not for long. The Rupee looks steady, yet forward signals tell a…
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February 2025
The JCPOA is nearing the end of its 10-year lifespan, but the anticipated lifting of all nuclear-related sanctions – and the associated economic relief – is unlikely to occur. In the absence of significant progress in talks (on enrichment, regional proxies, the missile program, and support for Russia’s campaign in Ukraine), the E3 must decide…
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February 2025
The JCPOA is nearing the end of its 10-year lifespan, but the anticipated lifting of all nuclear-related sanctions - and the associated economic relief - is unlikely to occur. In the absence of significant progress in talks (on enrichment, regional proxies, the missile program, and support for Russia’s campaign in Ukraine), the E3 must decide…
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August 2025
Nigeria hits late summer busy on all fronts but with little to show that the tide is turning. Tinubu is courting the Global South, trading Benin Bronzes for soft power, pushing to patch up ECOWAS and locking in a headline loan for a showpiece coastal highway. He’s also signed fresh security pacts with the UK…
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August 2025
Nigeria hits late summer busy on all fronts but with little to show that the tide is turning. Tinubu is courting the Global South, trading Benin Bronzes for soft power, pushing to patch up ECOWAS and locking in a headline loan for a showpiece coastal highway. He’s also signed fresh security pacts with the UK…
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August 2025
Egypt heads into late summer with its balancing act under sharper strain. Diplomatically, Cairo is talking tougher - on Gaza, on Israel’s military footprint and in its quiet but deliberate eastward tilt towards Beijing - even as it keeps lines open to all sides. Economically, stability is holding, with growth nudging higher, reserves improving and…
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August 2025
Egypt heads into late summer with its balancing act under sharper strain. Diplomatically, Cairo is talking tougher - on Gaza, on Israel’s military footprint and in its quiet but deliberate eastward tilt towards Beijing - even as it keeps lines open to all sides. Economically, stability is holding, with growth nudging higher, reserves improving and…
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South Africa Macro Brief: August 2025
It has been a challenging year for the Republic of South Africa (RSA), and it looks set to become more challenging still. Relations with the US have taken a very clear nosedive since President Trump took office in January, and now the application of a 30% tariff on most South African goods entering the US…
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Romania Macro Brief: August 2025
A rocky period for Romania. Persistent, higher than EU average unemployment, high government deficit, austerity measures being put in place, and now 15% US tariffs on EU goods. Ambitions to join the Euro are having to be put on hold again. Monetary PolicyFor a fifth time, after meeting on 5th August the Banca Nationala a…