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1 – 10 of 29Despite recent economic stabilisation, future growth prospects are severely limited owing to Russia’s international isolation. A prolonged war in Ukraine would threaten the…
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DOI: 10.1108/OXAN-DB279750
ISSN: 2633-304X
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Tourism and other customer-facing sectors are growing solidly even though above-target inflation is squeezing disposable incomes. However, strong services activity is keeping core…
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DOI: 10.1108/OXAN-DB279792
ISSN: 2633-304X
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The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…
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DOI: 10.1108/OXAN-DB285518
ISSN: 2633-304X
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In defiance of expectations following the imposition of severe sanctions, the unemployment rate has hovered around 3.2%. Yet rather than a sign of resilience, low unemployment…
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DOI: 10.1108/OXAN-DB280931
ISSN: 2633-304X
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The government is highly dependent on steady GDP growth to meet its pledges on deficit-reduction and tax cuts. It was forced to implement EUR10bn (USD10.7bn) in emergency cuts in…
Pronounced ruble depreciation this year attests to the efficacy of sanctions in disrupting Russia’s external trade. The weaker ruble has already provoked a spike in household…
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DOI: 10.1108/OXAN-DB281176
ISSN: 2633-304X
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MIDDLE EAST/NORTH AFRICA: Growth will rebound in 2024
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DOI: 10.1108/OXAN-ES282633
ISSN: 2633-304X
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Romania is among the member states liable to the EDP. Although its debt is relatively low at 47.9% of GDP, Romania has wide budget and current account deficits, yet its tax-to-GDP…
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DOI: 10.1108/OXAN-DB284013
ISSN: 2633-304X
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Markets in the region are characterised by the dominance of a small number of large firms, and the Bank believes that governments can spur growth by strengthening competition…
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DOI: 10.1108/OXAN-DB286983
ISSN: 2633-304X
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The economic environment has been dictated by Russia’s war in Ukraine and its market and policy implications. Next year, the prospects for the V4 economies are moderately upbeat…