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LEBANON: Salary hikes are only a short-term fix
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DOI: 10.1108/OXAN-ES278515
ISSN: 2633-304X
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The draft foresees a central administration budget deficit of 80.6 billion lira (14.3 billion dollars) or 1.8% of GDP. Maintaining fiscal discipline would bolster international…
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DOI: 10.1108/OXAN-DB239337
ISSN: 2633-304X
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The slump was caused by low oil prices and left a legacy of higher debt and banking fragility. The slowdown pushed the government into reviewing the fiscal framework and placing…
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DOI: 10.1108/OXAN-DB243281
ISSN: 2633-304X
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So far, state-sector price controls and price caps on food and private markets have prevented runaway inflation. However, producers are withholding goods or selling on the black…
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DOI: 10.1108/OXAN-DB260020
ISSN: 2633-304X
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The plan aims for 85% funding by private capital, with the balance coming from federal and state governments. It also envisions 5% average annual GDP growth over the period, and…
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DOI: 10.1108/OXAN-DB265870
ISSN: 2633-304X
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Since coming to power in 2016, Uzbek President Shavqat Mirzioyev has launched wide-ranging structural and economic reforms. There has been progress on economic change, although…
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DOI: 10.1108/OXAN-DB239396
ISSN: 2633-304X
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Despite a series of IMF programmes since 1989, public sector debt levels have climbed to worrying heights, driven by deficits on both fiscal and current account accounts. Jordan’s…
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DOI: 10.1108/OXAN-DB270291
ISSN: 2633-304X
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The long-postponed move is essential but will send shockwaves through the economy. Inflation and currency flight will soar. Salary and pension hikes will be quickly eaten up by…
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DOI: 10.1108/OXAN-DB258191
ISSN: 2633-304X
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Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…
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DOI: 10.1108/OXAN-DB254266
ISSN: 2633-304X
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Prospects for emerging economies to end-2016.