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Lower oil and gas revenues are the major transmission channel of the global crisis to regional economies, but tourism, financial and professional services are also taking a major…
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DOI: 10.1108/OXAN-DB251403
ISSN: 2633-304X
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While international reserves are healthy, that portion held in sovereign wealth funds to support budgetary spending has been severely depleted by government drawdowns, and one of…
The collapse in commodity prices, above all oil, plus the impact of an extended lockdown have depressed Russia's exports, investment and consumption. The economic prospects could…
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DOI: 10.1108/OXAN-DB253071
ISSN: 2633-304X
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Promised extra food rations have yet to appear, deepening economic pressure on households. Last year’s twin shocks of the pandemic and oil-price collapse contributed to a fiscal…
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DOI: 10.1108/OXAN-DB260779
ISSN: 2633-304X
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The government has been on a borrowing spree, taking on increasingly expensive loans to address a cash crisis that has affected government service delivery and salary payments…
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DOI: 10.1108/OXAN-DB274317
ISSN: 2633-304X
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The impact of the pandemic and especially lower oil prices hit the government budget hard, since more than nine-tenths of revenue comes from oil sales. However, the country also…
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DOI: 10.1108/OXAN-DB261921
ISSN: 2633-304X
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Topical
Fuel price liberalisation.