Poland is growing faster than almost any other country in Europe. It is also running the European Union's largest fiscal deficit as a share of GDP in 2026. Those two facts are not contradictions. They are directly connected. Fiscal consolidation is expected to advance in 2026, with the
The conversation about China's fiscal policy in 2026 tends to get lost behind the louder story of the US-China trade deal. But the domestic fiscal picture deserves its own attention. China is spending deliberately, and the composition of that spending tells you more about where the economy is
The headline numbers for Sub-Saharan Africa in 2026 are not bad. Growth is projected at 4.1%, the median fiscal deficit has narrowed from 3.4% of GDP in 2024 to an estimated 3.0%, and median public debt improved from 57.2% of GDP to 53.1% between 2024
Brazil made a fiscal commitment. In 2023, the government of President Luiz Inácio Lula da Silva presented Congress with a medium-term fiscal framework that included a zero primary deficit target for 2026 and, eventually, a primary surplus of 1% of GDP before the end of Lula's term. As