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1 – 10 of 51Issues such as soaring inflation, currency depreciation and debt repayment problems are having a major impact on the economy. The World Bank estimates that GDP grew by 3.7% in…
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DOI: 10.1108/OXAN-DB287447
ISSN: 2633-304X
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A key driving factor was soaring government consumption ahead of the February general election, which included the race to succeed Joko ‘Jokowi’ Widodo as president, won by…
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DOI: 10.1108/OXAN-DB287205
ISSN: 2633-304X
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The completion of residential housing units reached a post-Soviet record of 110 million square metres. This strong expansion in construction activity was demand-led, stimulated by…
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DOI: 10.1108/OXAN-DB286017
ISSN: 2633-304X
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The new rules, which include steeper taxes on foreign purchases of existing domestic properties, are part of a Labor strategy intended to free up more housing stock. The…
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DOI: 10.1108/OXAN-DB284915
ISSN: 2633-304X
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However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…
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DOI: 10.1108/OXAN-DB285374
ISSN: 2633-304X
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The statement projects substantially higher deficits than previously forecast, together with slower reductions in debt. In terms of expenditure, the items on the Liberal…
CYPRUS: Economy is to grow steadily
The report provides the first comprehensive picture of the evolution of poverty rates and income distribution since the social uprising that erupted in the country in late 2019…
The IMF forecast assumes UK interest rates peak at 6.0% (from 5.25% currently), and linger at 4.0-4.25% through to 2028. The IMF’s forecasts are similar to those of the Bank of…
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DOI: 10.1108/OXAN-DB282782
ISSN: 2633-304X
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This was higher than the annual rates recorded during the pre-2008 boom, and comfortably above 2022 inflation. Property prices are rising because of a combination of low interest…