According to the World Energy Outlook of the International Energy Agency the oil sector is adjusting to the new reality after the sharp oil price shock of 2014. And that translates to low though increasing oil prices.
Low copper prices and lower copper production have pulled the trade balance in negative territory and increased the budget deficit. This combined with a sharp depreciation of the kwacha has increased public debt.
Dutch Housing Market Quarterly Dutch version
House prices and sales will increase this year and next, due to the economic recovery, the good affordability and high consumer confidence. We expect this to be stronger than the issue of negative equity and the tightening of lending criteria.
The AKP’s surprise victory at Turkey’s snap elections restores political stability, but the new cabinet needs to embark on structural reforms and boost central bank independency to uphold investor confidence amid elevated balance-of-payments risks.