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The explanation lies in a government scheme offering subsidised mortgages, which drew prospective buyers to move faster than they might otherwise have done. While housing demand…
Low global oil prices are weighing heavily on the profitability of the Gulf Cooperation Council (GCC) banking sector. Moody's Investors Service in March downgraded 26 GCC banks…
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DOI: 10.1108/OXAN-DB211796
ISSN: 2633-304X
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Geographic
Topical
Banking-sector stability is vital for the functioning of the Russian economy: bank credit is facilitating economic restructuring. Although the sector withstood the first impact of…
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DOI: 10.1108/OXAN-DB278809
ISSN: 2633-304X
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Geographic
Topical
Worsening sentiment suggests that the US economy will come close to though not technically enter recession (according to conventional US criteria) in the second half of 2022 or…
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DOI: 10.1108/OXAN-DB271835
ISSN: 2633-304X
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Geographic
Topical
One study suggests that 1.5 million middle-class people lost their jobs in 2020. Despite government assistance programmes to keep employees in work and ease home-buying, the…
The period of expansionary fiscal policy has ended and sharply higher interest rates will take an increasing toll on economic activity.
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DOI: 10.1108/OXAN-DB274259
ISSN: 2633-304X
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Geographic
Topical
Construction sector.
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DOI: 10.1108/OXAN-DB245706
ISSN: 2633-304X
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Topical
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DOI: 10.1108/OXAN-DB198904
ISSN: 2633-304X
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Topical
In quarterly terms, real GDP increased by 2.2%. Growth was driven by services: the tertiary sector grew 5.4% y/y. Consumption is shifting from goods to services, with hotels and…
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DOI: 10.1108/OXAN-DB278926
ISSN: 2633-304X
Keywords
Geographic
Topical
Growth in retail sales and industrial value added accelerated in August, supported by rising household incomes and warming domestic demand. Moreover, unemployment edged down…