External factors condition Chile's economic outlook

Growth will probably pick up after a lacklustre 2014, but the external environment increases uncertainties

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Political pressure on Turkey's Central Bank will go on

Core inflation and weak lira argue for keeping interest rates high but government favours loosening as economy stutters

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Vazquez will seek to impose his economic agenda despite a disgruntled left and a weakening outlook for growth

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Disaffected former government supporters on the centre-left are a more credible threat to Maduro than the right

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Sluggish growth and fiscal austerity will crimp lending this year -- which in turn may hamper economic recovery

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Kazakhstan will draw on reserves to weather low oil price but increased dollarisation of economy will challenge Astana

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After a decade of high oil prices and high public spending, Gulf states face a serious fiscal squeeze in the years ahead

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South Korea, heavily dependent on imported oil and exported goods, will be a clear winner from low oil prices

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Lower commodity prices will bring fiscal pressures that threaten to reverse modest progress on poverty

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Smuggling will pose a particular challenge for the incoming coalition government

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