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26 May 22
The head of the OECD has admitted progress on the organisation’s much-vaunted global tax shake-up has fallen behind, and will not now be implemented until at least 2024.
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24 May 22
Experts are divided on whether bond yield behaviour indicates that a recession is on its way
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12 May 22
The Lebanese political establishment is “completely out of touch with reality” according to a United Nations report that had particularly harsh words about the country’s central bank’s role in the...
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11 May 22
Governments unable to maintain the economic support they put in place amid Covid-19 to help their citizens deal with rising fuel and food prices face “inevitable” civil unrest, a report has suggested.
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9 May 22
Donald Trump’s $2trn package of tax cuts failed to deliver the promised increased investment in the US economy, a paper from the International Monetary Fund has found.
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5 May 22
The European Commission has proposed a complete ban on importing Russian oil in response to the continuing war in Ukraine, but face warnings it could harm the European economy more than Russia’s.
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3 May 22
The World Bank Group has announced an upward revision to the universal measure to indicate the level of extreme poverty.
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3 May 22
Italy will increase its new windfall tax on energy company profits amid historic price rises, the prime minister has said, while unveiling €14bn of support for households and businesses to deal with...
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29 Apr 22
The European Central Bank has blamed soaring energy prices for its misjudgement of inflation, after its projections for the beginning of 2022 turned out to be the least accurate it has ever made.
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28 Apr 22
The Central African Republic has become the second country to make the cryptocurrency Bitcoin legal tender, following El Salvador’s move last year that faced criticism from global institutions.
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26 Apr 22
Sovereign wealth funds have become more risk averse with their investment, as they seek a safe haven for cash amid rising geopolitical tensions, according to an industry body.
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25 Apr 22
Governments spent more than ever before on their militaries last year, with total spending reaching an all-time high after seven consecutive years of growth.
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20 Apr 22
Supply chain constraints exacerbated by the Russian invasion of Ukraine will mean that global GDP will undershoot initial forecasts, according to the International Monetary Fund.
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20 Apr 22
The World Bank is drawing up plans for a $170m medium-term crisis package to tackle the fallout from the Ukrainian invasion, Covid-19 and climate change – but admitted its ability to deal with future...
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19 Apr 22
The yen tumbled to its weakest performance against the US dollar in 20-years, as the Bank of Japan continues to stand by its yield cap on government bonds.
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19 Apr 22
A record amount of sovereign debt held by banks in emerging economies puts poorer countries at risk of a “doom loop” leading to government defaults, according to IMF economists.
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14 Apr 22
A shortage of workers across the global economy could pose some big challenges for governments.
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13 Apr 22
Global economic growth will slow to less than 3% in 2022, due to supply chain constraints stemming from Russia’s invasion of Ukraine, according to the World Trade Organisation.
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12 Apr 22
Could the impact of Covid-19 on land prices scupper models designed to capture the uplift in values brought about by development?
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11 Apr 22
Russia’s foreign-currency rating has been cut to ‘selective default’ after the government made payments on its dollar-denominated debt in rubles in an attempt to skirt international sanctions...
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8 Apr 22
Lebanon and the International Monetary Fund have agreed on a $3bn reform programme seen by many as vital to help turn the crisis-stricken Middle-Eastern economy around.
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7 Apr 22
The International Monetary Fund has cut its projections for Japan’s GDP growth amid Russia’s ongoing invasion of Ukraine, which it said has increased commodity prices and global economic uncertainty.
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6 Apr 22
The US Federal Reserve is set to rapidly reduce its balance sheet and continue to hike interest rates, as it seeks to tame soaring inflation, according to a senior official at the bank.
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6 Apr 22
Governments remain set to borrow nearly a third more this year than they did before the Covid-19 as the pandemic, inflation and geopolitical concerns keep the economy on shaky footing, analysts have...
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4 Apr 22
Developing nations in Europe, the Middle East and Africa would be at greatest risk should inflation surges trigger stagflation in the global economy, according to ratings agency Fitch.