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Turkey is facing a severe balance of payments crisis

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TURKEY

The dramatic fall in the lira is turning a currency crisis into a full-blown debt and liquidity crisis. President Recep Tayyip Erdogan is taking an increasingly defiant stand…

Israel’s 2019 budget assumptions have long-term risks

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ISRAEL

The Knesset (parliament) approved the 2019 state budget on March 15, over nine months early. The 480-billion-shekel (138-billion-dollar) spending package is mildly expansionary at…

Omani fiscal plans will depend on social impact

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OMAN

Leading international credit ratings agencies had upgraded their outlook for Oman in early 2023. Positive reviews reflect the sultanate’s improved financial performance in 2022…

Iran’s women’s rights movement will be contested

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IRAN

Although this remains against the law, he said police enforcement could lead to a "wide-scale negative reaction". An ongoing Iranian conversation about economic and political…

Prospects for Iran in 2018

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PROSPECTS 2018

Prospects for Iran in 2018.

US-Iraqi offensive against Mosul may begin in mid-2015

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US/IRAQ

The United States has sent 3,000 'train and assist' troops to the country, and passed a 1.6 billion dollar assistance package in December 2014 to provide funding for the Iraqi…

Lebanese health and education woes risk instability

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LEBANON

This is having highly negative economic and social consequences, with problematic implications for long-term growth and stability. The country’s already extreme inequality is…

Turkish government aims to promote domestic production

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TURKEY

The Eleventh Development Plan for 2019-23.

Economic policy will be unpredictable after Turks vote

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TURKEY

The TCMB has responded quickly to a new wave of lira volatility ahead of local elections, forcing banks to borrow at the overnight rate of 25.5% instead of the 24.0% policy rate…

Crisis will cut profits, add risks for Turkish banks

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TURKEY

It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…