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Jordanian stability will outface economic challenges

Location:

JORDAN

Activists had threatened more protests if progress were not achieved by that deadline. There have been no reforms as yet and a new draft income-tax law offered for public…

Financing shortfall will push Oman to uneasy austerity

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OMAN

A fiscal crunch exacerbated by the pandemic and associated oil-price crash has forced the authorities to step up long-term ‘Omanisation’ efforts, ultimately taking pressure off…

High US unemployment means social fabric risks

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UNITED STATES

Unemployment insurance claims have risen sharply during the pandemic. The Labor Department will release its latest data later today: total claims are likely to involve 30 million…

Baltic fiscal prudence will return even with low debt

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BALTIC STATES

Monthly output in Estonia started contracting from June. GDP (adjusted) stagnated in the first quarter of 2022, and contracted quarter-on-quarter in the following two quarters…

South African relief plan will not halt further slide

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SOUTH AFRICA

South African relief package.

South African lockdown easing should reduce hardship

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SOUTH AFRICA

The re-opening comes despite an infection rate that is expected to peak only later this year.

The great GDP contraction may herald huge crowding out

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INTERNATIONAL

Economic stimulus schemes and gaps.

Zambia faces default despite bondholders’ reprieve

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ZAMBIA

However, rather than reject Lusaka's proposal, a group of creditors abstained from the vote, forcing an adjournment until November 13. That date coincides with the end of Zambia’s…

Mozambican government could ease IMF fears over debt

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MOZAMBIQUE

As Mozambique’s government struggles to deal with an ongoing controversy over 2 billion dollars in secret loans and unpaid debts, the government hopes new gas investments and the…

Tunisia’s new government will prioritise efficiency

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TUNISIA

The administration has set out a list of priorities, most of which relate to the dire state of the economy and public finances.