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The WHO’s COVID-19 pandemic declaration may be late

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INTERNATIONAL

Until this point, the organisation had resisted using the term despite COVID-19 reaching all continents apart from Antarctica and a growing external scientific consensus that the…

Philippine tax reforms will need compromise

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PHILIPPINES

Tax reform efforts in the Philippines.

Japan’s recession will deepen but recovery will follow

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JAPAN

GDP is likely to have contracted even more sharply in the second quarter, when the lockdown was at its height. The reopening of China’s economy, about two months ahead of Japan’s…

Costs drive US retirement migration to Latin America

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LATIN AMERICA

The growth of Latin America as a destination for foreign retirees.

Philippine twin deficits will likely widen this year

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PHILIPPINES

Spending on infrastructure and populist social policies signed into law ahead of the May midterm elections are putting pressure on the Philippine budget.

Egypt’s recession may prove deeper than it appears

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EGYPT

However, labour market figures for this period indicate the effect of the pandemic on the public has been considerably more severe than the GDP data suggest.

MERS deepens economic gloom in South Korea

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SOUTH KOREA

Economic growth in 2015 has been slower than forecast, with exports slowing and domestic demand weak. Now the outbreak of MERS (Middle East respiratory syndrome) that began on May…

Oil demand lifts prices, but further upside is limited

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INTERNATIONAL

Rising Chinese imports and falling inventories point to demand exceeding supply at present. However, concerns over how quickly, reliably and fully oil consumption will recover…

Chile inequality debate will drive tax reform demands

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CHILE

Although both the bill’s legislative future and the amount it would raise are uncertain, it reflects ever more explicit class polarisation and anger over inequalities.

Tehran will flounder over COVID-19’s economic impact

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IRAN

Facing the region’s largest coronavirus outbreak, the authorities belatedly closed schools, banned all religious and social gatherings and asked people to stay indoors. However…