Prospects 2023 Update

Eastern EU economies will grow modestly in the second half of 2023 amid political and institutional challenges

President Bola Tinubu was inaugurated on May 29, taking over from former President Muhammadu Buhari

The green energy transition is starting to pick up speed across much of the Middle East and North Africa (MENA)

The performance of the still fairly strong labour market will be key to Fed policy and US economic prospects to end-2023

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

The euro-area has entered into a technical recession following negative growth in the last two quarters

Both parties will use the second half of 2023 to position themselves for elections in 2024, which each views as crucial

A deteriorating economic panorama risks sliding into crisis ahead of October presidential and congressional elections

The next six months promise to bring further improvements for the macroeconomy but not an end to the war with Russia

The political climate looks set to get stormier as next year’s general election draws closer

Water insecurity will increase in the region, but governments are also committed to mitigation efforts

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

The interplay between political and economic crises poses problems for President Cyril Ramaphosa's administration

Policy-making will prove complicated in the second half despite some positive developments

Preparations for next year's elections will focus the attention of the government and the opposition alike

The regional economic outlook remains subdued, amid difficult global conditions

China's economic growth momentum has slowed, but relations with the United States appear to have stabilised somewhat