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Russia postpones vaccination targets as Delta strikes

Location:

RUSSIA

A third wave of COVID-19 began to accelerate in June after two earlier waves between March 2020 and March 2021. The third wave is attributable to relaxations of restrictions at…

Omicron will slow but not weaken German recovery

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GERMANY

Bundesbank president Jens Weidmann stated that the “recovery has been somewhat pushed back” by the impact of supply chain restrictions, the rising costs of raw materials and…

Omicron undermines Australian government's support

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AUSTRALIA

Support for the governing Liberal-Nationals coalition is dropping as early campaigning begins for the next general election, which must be held by May. Voters are unhappy with the…

Iran’s slow COVID-19 vaccination will see long impacts

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IRAN

The slow pace of vaccination and the arrival of the Delta variant caused a deadly new pandemic crisis in Iran. However, the new government of President Ibrahim Raisi, like its…

Rebound among South-east Asian airlines will be uneven

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SOUTH-EAST ASIA

Air passenger traffic in the region has fallen sharply since the onset of COVID-19 crisis. Most South-east Asian countries are battling resurgent waves of infection, fuelled by…

Costa Rica’s economy looks set for a strong recovery

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COSTA RICA

GDP posted growth of 9.4% year-on-year in the second quarter, the highest rate in 23 years. According to high-frequency data, economic recovery appears to have continued between…

Worldwide cyber risk coverage is fast evolving

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INTERNATIONAL

The WannaCry malware spread worldwide, affecting the healthcare, manufacturing, telecommunications, utilities, transportation and education sectors. On June 27, another ransomware…

Tourism-reliant economies’ business models will evolve

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INTERNATIONAL

Highly tourist-dependent states in the Global South have suffered dramatic falls in GDP as a result. However, the impact has varied and it is notable that relatively high levels…

Cuba unrest will be muted despite economic woes

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CUBA

Economic recovery is nevertheless weak, marked by a liquidity crisis, shortages and inflation. Monetary reform has not stabilised the Cuban peso and, while a heavy-handed response…

Italian economy faces tougher challenges in 2022

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ITALY

This fast growth will more than offset the impact of the pandemic, which pulled down real output by 8.9% in 2020. Nevertheless, there are significant downside risks associated…