Core Points - The Algerian government is presenting the 2026 Finance Bill amid a gradual economic recovery, attributed to ongoing reforms and efforts across various sectors [1] - The Finance Minister forecasts an economic growth rate of 4.1% for 2026, increasing to 4.4% in 2027 and further to 4.5% in 2028, considering both domestic and international economic conditions [1] Economic Outlook - The 2026 Finance Bill is positioned within the context of Algeria's economic recovery, emphasizing the government's commitment to encouraging investment and economic diversification [1] - The anticipated growth rates reflect expectations for performance in non-hydrocarbon sectors, indicating a shift in focus for the Algerian economy [1]

Core Insights - Taiwan's Consumer Price Index (CPI) increased by 1.48% year-on-year in October, with pork prices rising by 9.07% due to reduced supply from African swine fever and hot weather [1][1][1] - The average CPI from January to October this year grew by 1.74% compared to the same period last year, with goods increasing by 1.34% and services by 2.12% [1][1][1] - Taiwan's Economic Research Institute predicts a gradual decline in inflation, estimating a CPI growth rate of approximately 1.66% for 2026 [1][1][1] Price Changes - Prices for eggs, grains and their products, and dining out increased by 6.69%, 3.88%, and 3.56% year-on-year, respectively [1][1][1] - Housing costs saw a year-on-year increase in rent by 2.14% and electricity fees by 5.24% [1][1][1] - In the entertainment and transportation sectors, costs for tour packages, hotel accommodations, train tickets, and vehicle parts and maintenance also rose [1][1][1] Economic Growth Forecast - The Economic Research Institute has significantly revised the economic growth rate for Taiwan in 2025 to 5.94%, driven by strong exports of artificial intelligence products [1][1][1] - The forecast for economic growth in 2026 is set at 2.6% [1][1][1]

Core Insights - The Mauritanian government has adopted a "budget-project" approach for fiscal management, enhancing transparency and accountability in budget execution [1] - The 2026 fiscal revenue is projected to reach 128.79 billion Ouguiya, a 10.11% increase from the revised 2025 budget of 116.96 billion Ouguiya [1] - Fiscal expenditure is expected to be 132.18 billion Ouguiya, reflecting a 10.96% increase from 119.12 billion Ouguiya in 2025 [1] - The national economic growth rate for 2026 is anticipated to be 5.1%, up from 4.1% in 2025, driven by increased natural gas production and investments in infrastructure and social projects [1] - Inflation is projected to be around 2% [1] - The government plans to allocate approximately 7 billion Ouguiya for social development projects, including urban development in Nouakchott, medical equipment procurement, employment support, and improving teacher housing [1] - The government is addressing rising prices by promoting local production, achieving self-sufficiency in rice, and significantly increasing vegetable cultivation [1]

Group 1 - Thailand's foreign tourist arrivals from January 1 to October 26 decreased by 7.25% compared to the same period last year, totaling 26.25 million visitors [1] - Malaysia and China are the largest sources of tourists, with 3.8 million and 3.72 million visitors respectively [1] - The Bank of Thailand revised its forecast for foreign tourist arrivals in 2023 from 35 million to 33 million, down from nearly 40 million in 2019 before the pandemic [1] Group 2 - Thailand's household debt ratio reached 86.8% of GDP as of June, one of the highest in Asia, with total debt amounting to 16.3 trillion THB (approximately 497.71 billion USD) [2] - The Bank of Thailand predicts a 2.2% economic growth rate for this year, with projections of 2.5% in 2025 and 1.6% in 2026 [2] - The government plans to allocate 10 billion THB (approximately 305.34 million USD) to purchase non-performing loans as part of its economic stimulus plan [1]

Core Insights - The International Monetary Fund (IMF) projects Zambia's GDP growth rate to be 5.8% in 2025 and 6.4% in 2026 [1] - Zambia's inflation rate peaked at approximately 24% in 2021, with a significant decrease expected to 12.3% by October 2025, and is estimated to fall to single digits in 2026 [1] Economic Forecast - GDP growth rate for Zambia is forecasted at 5.8% in 2025 [1] - GDP growth rate is expected to increase to 6.4% in 2026 [1] - Inflation rate peaked at around 24% in 2021 [1] - Inflation rate projected to decline to 12.3% by October 2025 [1] - Inflation rate is estimated to drop to single digits in 2026 [1]

Group 1 - The central bank of Madagascar (BFM) forecasts an economic growth rate of 4.3% for Madagascar in 2025 [1]

Core Viewpoint - The Indian economy is positioned as a strong contributor to global growth, surpassing the United States, despite recent critical remarks from former President Trump labeling it a "dying economy" [1][3]. Group 1: Economic Contributions - The Reserve Bank of India Governor, Sanjay Malhotra, stated that India's contribution to global economic growth is approximately 18%, which is higher than the United States' estimated contribution of around 11% [1][3]. - The International Monetary Fund (IMF) projects India's economic growth rate for the fiscal year 2025-2026 to be 6.4%, compared to the United States' forecast of 1.9% [3]. Group 2: Trade Relations and Responses - Following Trump's announcement of a 25% tariff on Indian goods starting August 1, Modi urged citizens to support local products to mitigate economic impacts amid global uncertainties [3]. - Modi's statements are interpreted as an indirect response to Trump's comments about India's economic dependency on the U.S. market and its classification as a "dying economy" [3].

Core Viewpoint - The economic growth rate of Mongolia for the first half of 2025 is reported at 2.4%, significantly impacted by lower-than-expected performance in the mining sector, which adversely affected related transportation, logistics, and trade industries [1] Group 1: Economic Growth - Mongolia's economic growth rate for the first half of 2025 is 2.4% [1] - The mining sector's output growth was notably below expectations, leading to negative repercussions for transportation, logistics, and trade sectors [1] Group 2: Banking Sector - The overall development of the banking sector in Mongolia is reported to be stable [1] - The top five banks in Mongolia experienced a year-on-year revenue growth of 27% [1] - There was a reduction in the scale of non-performing loans across major banks, alongside a significant increase in loan applications from individuals and businesses [1] - The number of individuals opening Mongolian Tugrik accounts has also increased [1]

Core Viewpoint - Thailand's economy may face a potential growth rate decline of up to 1 percentage point if tariffs cannot be successfully reduced, as the United States is a significant export market for Thailand, accounting for approximately 18% of the country's total exports last year [1][1][1] Group 1 - The United States is Thailand's largest export market, representing about 18% of Thailand's total export value last year [1] - Failure to lower tariffs could negatively impact Thailand's economic growth [1] - The potential decline in economic growth rate could be as much as 1 percentage point [1]

Core Viewpoint - The Governor of Bank Indonesia projects the economic growth rate for 2026 to be between 4.7% and 5.5% [1] Economic Outlook - The forecasted growth rate indicates a stable economic outlook for Indonesia in the coming years [1] - The range of 4.7% to 5.5% suggests a cautious optimism regarding economic recovery and development [1]