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Long commercial property downturn has lasting impacts

Location:

INTERNATIONAL

Lower demand for office space, the unprecedentedly sharp increase in rates, and pressure for buildings to upgrade to meet environmental regulations and compete with home working…

Biden bets on US industrial strategy to arrest decline

Location:

UNITED STATES

The administration is adopting a 'whole of government' approach to arrest economic decline, enhance resilience, protect the environment, check inequality and revive well-paying…

South Korea will regain growth momentum

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SOUTH KOREA

Separately, the head of Samsung Electronics -- the cornerstone of the Samsung Group, which contributes around 20% of South Korea’s GDP -- has been cleared of wrongdoing in a…

Japan’s prime minister will face multiple obstacles

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JAPAN

Kishida outlined an economic stimulus package promising growth and the strengthening of supply capabilities, as well as the promotion of large-scale investment in semiconductors…

Downside risks to China’s growth target are mounting

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CHINA

The 6.3% year-on-year growth posted for the second quarter was distorted by COVID-19 lockdowns in Shanghai and other major cities in the same period last year. Accordingly…

Policy support will focus on China's property market

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CHINA

Exports and imports fell further into contraction, declining by 14.5% and 12.4% respectively in dollar terms. The consumer price index fell into negative territory, declining by…

Commercial property poses risks for narrow focus banks

Location:

EUROPE

Banks in larger EU states are heavily exposed to European and US CRE markets, which have further to fall in 2024. Writedowns are underway, dealing a blow to sentiment and harming…

Romania will boost its nuclear industry

Location:

ROMANIA

The two reactors will add 1,440 megawatt (MW) capacity to the Romanian grid. The upgrade, and associated development of domestic nuclear fuels and waste management, promises to…

Romania will not meet OECD goals by date set

Location:

ROMANIA

The government regards joining the OECD as a national objective. Having opened accession negotiations in January 2022 and received its roadmap that June, the publication last…

Russia's construction boom is likely to moderate

Location:

RUSSIA

The completion of residential housing units reached a post-Soviet record of 110 million square metres. This strong expansion in construction activity was demand-led, stimulated by…