Mexico’s Pemex will retrench in a bid to survive

While Pemex’s losses were far less in 2016 than in previous years, the company is still in serious danger

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Popular votes will decide Swiss next steps

A centre-right majority in parliament will not necessarily translate into right-wing policies

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Regional imbalances are underscored by local budget pressures and substantial variation in income levels

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Low interest rates combined with high infrastructure demand will help alternative investments become mainstream

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The effects of the Petrobras corruption scandal have engulfed the government and much of the political class

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Coalition government and creditors continue to haggle over budget surpluses and debt relief

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Progressive cuts are planned in many areas to keep spending down and reduce the budget deficit

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Prime minister reshuffles cabinet to secure debt relief

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Though largely austerity-driven, the 2017 budget satisfies the government's left-wing allies

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GDP growth remains robust but falling business confidence may be reflected in slowing domestic investment growth

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