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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 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
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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 target is associated with reaching GDP of USD30tn, compared with less than USD4tn currently. Modi, in power since 2014, appears on course to win a third straight term.
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DOI: 10.1108/OXAN-DB287104
ISSN: 2633-304X
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In the March 31 municipal elections, the main opposition Republican People’s Party (CHP), to which Imamoglu belongs, gained 37.8% of the vote nationally, beating the AKP in its…
The visit was especially notable in light of the tough measures the United States adopted to promote democracy in Bangladesh ahead of the January general election, and…
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DOI: 10.1108/OXAN-DB285891
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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It is only an interim budget because a general election is set to take place soon, most likely in April-May. The budget surprised many observers because of its lack of…
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DOI: 10.1108/OXAN-DB285189
ISSN: 2633-304X
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The Massa-Milei run-off was widely expected but the result of the October 22 first round was less so, with Massa receiving 36.7% of the vote to nearly 30.0% for Milei. Much will…
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DOI: 10.1108/OXAN-DB282875
ISSN: 2633-304X
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Meanwhile, the government and the Reserve Bank of India (RBI) both expect 6.5% GDP growth in the fiscal year ending March 2024, which would put the country among the top economic…