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South-east Asia’s digital taxes will incur US ire

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SOUTH-EAST ASIA

The trend predates the COVID-19 crisis, but a fall in income from traditional taxes amid the pandemic is encouraging certain administrations to step up their efforts. US President…

Prospects for the global economy to end-2020

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PROSPECTS 2020 H2

COVID-19 dominates the scenarios for the next six months, which range from a swift sharp recovery to another dramatic fall in activity. Policy responses, financial markets…

Russia will expand support to small businesses

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RUSSIA

However, small- and medium-sized enterprises (SMEs) play a significant role in the economy, especially in service industries. They also provide a rising share of new jobs. The…

Budget will not offset South Africa junk rating risk

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SOUTH AFRICA

Fiscal outlook for South Africa.

Romanian government is staking on further rapid growth

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ROMANIA

Romania’s revised 2019 budget.

Fears of higher US inflation and rates are exaggerated

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UNITED STATES

Prominent economists disagree on whether this will fire inflation. The Federal Reserve (Fed) is for the moment prioritising economic growth and employment over price control. It…

Euro-area activity will slow sharply or even contract

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EU

The euro-area is highly exposed to the fallout from the Ukraine war, and higher commodity prices for a longer period will squeeze the disposable incomes of households and firms…

ECB liquidity may bring Greece a modest relief

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GREECE

The tranche will meet debt repayments falling due until end-2016. The prospect has been held out of debt restructuring if programme commitments are fulfilled. The IMF, which has…

More environment funds are opportunity for eastern EU

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EASTERN EUROPE

Eastern EU member-states, especially in the south-east, have lagged in both pollution reduction and transition to the carbon-neutral economy, largely thanks to aspects of their…

China’s economy needs a consumption boost

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CHINA

The pace and structure of consumer spending influences China’s ability to lift global growth as it imports more. Longer term, consumption matters to living standards in China and…