
Senegal’s Fiscal Reckoning in 2025: A Turning Point for West Africa’s Rising Economy
Senegal faces a historic debt crisis in 2025, with hidden deficits, rising fiscal risks, and new political leadership offering a
Turkey has recently seen a decline in its country risk premium, thanks to a significant improvement in external accounts. A lower current account deficit and recovering forex reserves have contributed to a gradual return to macroeconomic stability. However, economic challenges remain, with persistent inflation and currency depreciation weighing on investor confidence.
Since June 2024, Turkey has been undergoing a disinflation process. Inflation dropped from 44.4% at the end of 2024 to 39.1% in February 2025, its lowest level in nearly two years.
➡️ In response, the Central Bank of Turkey (CBRT) cut its policy rate by 250 basis points in March 2025, bringing the one-week repo rate down to 42.5%.
Despite monetary easing, concerns remain over price rigidity and risks to sustained disinflation, particularly as wages and indexed prices continue to fuel inflationary pressures
Turkey’s GDP grew by 2.9% in 2024, down from 5.1% in 2023, due to:
Domestic demand slowed throughout the year, and while government stimulus measures helped prevent a sharper contraction, growth remains lackluster.
At the same time, the Turkish Lira (TRY) continues to depreciate. After losing nearly 20% in 2024, the USD/TRY exchange rate reached 36.7 in March 2025, with further depreciation projected to 41.7 by Q4 2025.
Turkey has made notable progress in stabilizing its external accounts, but monetary, inflationary, and political risks persist. Investors remain cautious as monetary easing and political uncertainty weigh on Turkey’s financial markets.
Senegal faces a historic debt crisis in 2025, with hidden deficits, rising fiscal risks, and new political leadership offering a
In early April 2025, the global economy experienced a sudden jolt. A wave of unexpected US tariff hikes and mounting
L’annonce d’un tarif douanier de 20 % sur toutes les importations aux États-Unis relance le débat sur le protectionnisme. Quels