Prospects for South-east Asia to end-2023

The region faces a range of political, economic and security challenges

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Belarus will stick with Russia but seek new partners

Belarus’ foreign policy is very restricted and has not succeeded in reducing the country’s isolation

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The BRICS group offers a different development model and has increased cross-border payments in non-US dollar currencies

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Rising military-industrial sector production and related industries will support manufacturing activity in 2023

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Iran believes that changing regional relations in the South Caucasus over the past three years have left it isolated

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Recent international efforts to restart government-opposition talks in Venezuela show few signs of bearing fruit

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How many Western companies have left Russia is unclear; Moscow has made exit difficult, and there are profits to be made

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The Middle East and North Africa is an emerging hotspot for illicit narcotics, arms and fuel flows

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Despite similar geopolitical outlooks, Iran-India economic ties have weakened in recent years

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High inflation has eroded the population’s real disposable income and is undermining living standards

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