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Inflation could rise again in Russia in 2023

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RUSSIA

Inflation has subsided owing to base effects. War, sanctions, geopolitical isolation and economic restructuring have already undermined population living standards, with poorer…

China’s economy needs a consumption boost

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CHINA

The pace and structure of consumer spending influences China’s ability to lift global growth as it imports more. Longer term, consumption matters to living standards in China and…

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…

Economic pressure will increase on Italian government

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ITALY

The budget will amount to EUR24bn (USD28bn), with a deficit of 4.3% of GDP to support tax cuts and increased spending. The higher-than-expected deficit comes as economic growth…

Russian household consumption is recovering slowly

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RUSSIA

This was the first acceleration after twelve consecutive declines and was driven by an 11% rise in the prices of services. The war in Ukraine has exposed Russia’s consumers to…

Egypt's budget sets ambitious revenue targets

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EGYPT

The budget envisages an overall deficit of 7% of GDP, revised upwards from an earlier draft because of the effects of devaluation and higher interest rates on public debt…

Tax exposes fiscal challenge facing Italy’s coalition

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ITALY

The measure sent bank stocks tumbling and ignited intense political debate, after which the government partially backtracked. The displays the ad-hoc nature of Meloni's economic…

Central bank policies diverge amid political strains

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INTERNATIONAL

This creates a clear contextual divide, ahead of consequential European Parliament, US and UK elections in 2024. The inability of the central banks to forecast inflation or growth…

Election plans carry risks for Sri Lanka’s leader

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SRI LANKA

According to the constitution, the next presidential election must take place in September-October 2024, but parliamentary polls are not due until 2025. Wickremesinghe is heavily…

New Kazakh premier will struggle to attract more FDI

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KAZAKHSTAN

Tokayev has also criticised regional officials for relying excessively on budgetary funding and not doing enough to attract private capital. However, structural economic and…