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As a result of dwindling tax revenue, he also said that state spending would be cut by EUR10bn (USD10.8bn). The government’s forecast for this year is more optimistic than…
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DOI: 10.1108/OXAN-DB285767
ISSN: 2633-304X
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Geographic
Topical
The figures also indicate that the imbalances created by pandemic-related injections of liquidity in 2000 and 2021 have largely been corrected.
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DOI: 10.1108/OXAN-DB286625
ISSN: 2633-304X
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Geographic
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Soaring government spending, driven by the war in Ukraine, has pushed economic activity beyond levels many thought possible given the available supply of labour and capital. Yet…
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DOI: 10.1108/OXAN-DB287067
ISSN: 2633-304X
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Geographic
Topical
EU: Budget shrinkage forecasts may come under pressure
INTERNATIONAL: Forecast upgrades mask underlying risks
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DOI: 10.1108/OXAN-ES286834
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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Geographic
Topical
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…
RUSSIA: IMF believes economy will maintain momentum
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DOI: 10.1108/OXAN-ES286473
ISSN: 2633-304X
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Geographic
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The surpluses seen this year and last have proved an unexpected bonus for Labor and will enable a modest spending increase as the party prepares for the general election due by…
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DOI: 10.1108/OXAN-DB287122
ISSN: 2633-304X
Keywords
Geographic
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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…