Argentina is already feeling the sting of its new president’s policies – but Javier Milei is pressing ahead with ever-more radical plans to overhaul the economy.
High-rise buildings amid shacks in Luanda. President Dos Santo has announced plans to retire amid growing unease among Angolans over deepening poverty despite a recent oil boom.
Reuters/Siphiwe Sibeko
Angola’s Dos Santos is buying time. His promise to step down is an attempt to diffuse growing political tensions, as repression continues. He might relinquish his position, but not his power.
Will adopting a foreign currency make Iceland’s volatile economy more stable?
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After having gone through a dramatic financial meltdown and two years of recession in 2009 and 2010, Iceland started to recover in 2011 and IMF estimates now indicate that economic growth should average…