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The budget deficit is increasing markedly and will probably top 6% of GDP in 2024 -- the highest level since the late 1980s -- while economic growth remains in the 2-3% range.
The budget keeps the deficit just inside prescribed limits despite an increase in new spending, by stepping up measures to boost revenue. Initiatives designed to target the…
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DOI: 10.1108/OXAN-DB286531
ISSN: 2633-304X
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Geographic
Topical
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…
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DOI: 10.1108/OXAN-DB285352
ISSN: 2633-304X
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Geographic
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Israel’s war with Hamas is taking a growing toll on the economy mainly due to labour shortages. The economy has recovered quickly from previous short wars, but this conflict…
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DOI: 10.1108/OXAN-DB283437
ISSN: 2633-304X
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The summit marked the tenth anniversary of the government’s flagship Belt and Road Initiative (BRI). Beijing revised the BRI’s emphasis from large-scale infrastructure projects to…
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DOI: 10.1108/OXAN-DB283518
ISSN: 2633-304X
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The size of the rate hike attests to the CBR’s determination to tame domestic price rises at all costs, even though this is likely to restrict credit growth and dampen output. The…
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DOI: 10.1108/OXAN-DB281638
ISSN: 2633-304X
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Co-organised by the UK and Ukrainian governments, the conference concentrated on Ukraine’s economic stabilisation and recovery from the effects of war. A follow-up to URC2022 held…
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DOI: 10.1108/OXAN-DB280374
ISSN: 2633-304X
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Geographic
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Vietnam signed a memorandum of understanding on developing such a line with Japan in 2006, but the National Assembly shelved the scheme in 2010. The new project could cost up to…
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DOI: 10.1108/OXAN-DB272665
ISSN: 2633-304X
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Geographic
Topical
Shifts in Chinese investment in Central-Eastern Europe.
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DOI: 10.1108/OXAN-DB247593
ISSN: 2633-304X
Keywords
Geographic
Topical
Economic policy-making.