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Prospects for the Russian economy in 2021

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PROSPECTS 2021

President Vladimir Putin has dropped ambitions to lift Russia into the top five global economies and postponed by six years to 2030 his plan to halve the poverty rate. The…

Low oil prices set to accelerate Gulf subsidy reform

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GULF STATES

The sharp drop in oil prices to around 50 dollars, half their average level last year, has forced a serious fiscal rethink among the six Gulf Cooperation Council (GCC) states, who…

State taxes rise to cope with recession in Brazil

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BRAZIL

The agency noted the likelihood of a worsening debt position and that 'challenging political dynamics' limit prospects for fiscal reform. Meanwhile, state governments have raised…