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Even if politicians deal, Lebanon faces a bleak future

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LEBANON

The audit and wider structural economic reforms are preconditions for urgently needed foreign aid. Economic conditions in Lebanon are still worsening, with power cuts, food…

Vested interests may block urgent tax reform in Jordan

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JORDAN

It also looked at government-proposed amendments to another law aiming to reduce the scope for tax evasion in the Aqaba Special Economic Zone. Recent developments including the…

Sanctions will reinforce Iran’s money supply woes

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IRAN

Inflation has to a great extent been driven by a depreciation of the rial following Washington’s decision to reimpose sanctions, yet deep structural flaws in the banking sector…

Egypt's living standards will come under more pressure

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EGYPT

The target is highly optimistic. A recent upturn in headline growth reflects improved terms of trade and better performance in export-oriented sectors, notably tourism and…

Crises could cause Palestinian Authority to collapse

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PALESTINIANS

The PA faces financial collapse and a leadership and security crisis. It provides education, health and other government services to the great majority of Palestinians and shares…

Turkish go-it-alone policy raises currency crunch risk

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TURKEY

It has fallen from about 6.50 at end-March and 5.95 at end-2019. There is speculation about a possible balance of payments crisis due to the COVID-19 pandemic, economic…

Expansionary Jordanian budget will contain discontent

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JORDAN

That comes as the country’s own parliament prepares to vote on the 2020 fiscal bill before the end of the year. Amman is currently in the last year of a 723-million-dollar IMF…

Jordan’s debt levels are sustainable for the present

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JORDAN

Despite a series of IMF programmes since 1989, public sector debt levels have climbed to worrying heights, driven by deficits on both fiscal and current account accounts. Jordan’s…

Jordan set to ride out rising terrorism threat

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JORDAN

Jordan's stability outlook.

Jordanian stability will outface economic challenges

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JORDAN

Activists had threatened more protests if progress were not achieved by that deadline. There have been no reforms as yet and a new draft income-tax law offered for public…