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Israeli housing market downturn may damage growth

Location:

ISRAEL

Record high prices (founded in part on limited supply) and rising interest rates are weighing heavily on Israel’s housing market. Home sales fell by nearly two-thirds over the…

Russia's construction boom is likely to moderate

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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…

China’s property downturn resolution will take years

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CHINA

The housing market is experiencing its largest downturn, triggered by government action in 2020 to limit financial risks from the property sector by introducing debt ceilings for…

Prospects for the global economy in H2 2023

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PROSPECTS H2 2023

Labour and housing markets are slowing very gradually, but the strength of services is preventing a faster fall in headline inflation. The pass-through effects of interest-rate…

US cities need to boost the stock of entry-level homes

Location:

UNITED STATES

Homelessness has become a major political issue in recent years, as has related concern about a shortage of small, affordable homes. State and municipal efforts to tackle…

Australian foreign property rules are mainly political

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AUSTRALIA

The new rules, which include steeper taxes on foreign purchases of existing domestic properties, are part of a Labor strategy intended to free up more housing stock. The…

Australian housing bill could prompt early election

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AUSTRALIA

The legislation would establish the Housing Australia Future Fund, which is intended to mobilise long-time public investment in social and affordable housing as the national…

Canada's economy likely to be central electoral issue

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CANADA

The statement projects substantially higher deficits than previously forecast, together with slower reductions in debt. In terms of expenditure, the items on the Liberal…

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…

China's slowing economy will prompt fiscal support

Location:

CHINA

The manufacturing purchasing managers' index fell into contraction (to 49.2), indicating that business conditions were worse than the previous month. Retail sales, industrial…