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12 May 21
Historically high debt is set to test South Korea’s fiscal mettle but a strong economy has helped it retain an Aa2 rating with ratings agency Moody’s.
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11 May 21
Vaccines should be seen as a “global public good” during the Covid-19 crisis and intellectual property rights should be waived so developing countries can afford them, South Africa’s president has...
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11 May 21
A “more prosperous and sustainable future” is possible if G7 countries step up public investment in the coming decade, a group of academics has said.
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6 May 21
New Zealand has been urged to scale up its interventions in the labour market to ensure its recovery does not leave sections of society behind.
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5 May 21
Thailand is planning a new round of measures to help low-income groups through its biggest wave of Covid-19 cases since the pandemic began.
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5 May 21
India’s second wave of Covid-19 could derail its previously strong economic recovery and damage its credit profile, ratings agency S&P Global has said.
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5 May 21
The pandemic and the political crisis in Myanmar are threatening to bring the country to the point of economic collapse, reversing more than a decade of human development gains, the United Nations...
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4 May 21
A tax on Argentina’s richest citizens collected 223bn pesos (£1.7bn) for the struggling government to spend on its ongoing response to the pandemic.
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4 May 21
Tanzania’s president has cut income tax to help workers deal with the economic effects of Covid-19 but refused to increase public sector pay, which has remained static for nearly six years.
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30 Apr 21
The rate at which wages are taxed effectively fell last year by the largest amount since the global financial crisis, according to the OECD.
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28 Apr 21
Developing economies in Asia could recover faster than expected from Covid-19 but some countries are likely to lag behind, the Asian Development Bank has said.
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27 Apr 21
Post-pandemic optimism for Norway’s economy should be tempered by longer-term risks such as an oil revenue slowdown and its ageing population, International Monetary Fund economists have said.
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27 Apr 21
Portugal has become the first European Union member to officially submit its final Covid-19 recovery plan to Brussels, as the bloc’s pandemic rescue fund inches closer to fruition.
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26 Apr 21
A “perfect storm” of crises has left small island developing states in desperate need of financial help, a top United Nations official has warned.
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23 Apr 21
Opposition politicians in Venezuela will use $100m of money frozen in the United States to buy Covid-19 vaccines in the face of the country’s slow rollout of jabs.
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22 Apr 21
Canada’s central bank has cut its bond purchases this year, citing progress in the country’s economic recovery from Covid-19.
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20 Apr 21
Canada’s first pandemic budget includes huge childcare spending and Covid-19 relief, as well as a plan to slash the deficit over the next few years.
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19 Apr 21
A small ‘wealth tax’ on stocks of giant companies could raise $180bn each year and address problems that have been exacerbated by the pandemic, a French economist has said.
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15 Apr 21
Efficiently shifting workers from unviable parts of the economy to growth sectors will halve medium term scarring to the European economy after Covid-19, according to a leading IMF official.
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14 Apr 21
Vietnam’s successful campaign to contain the spread of Covid-19 could lead to an upgrade to its credit rating, according to a ratings agency.
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12 Apr 21
Low-income countries have received just 0.2% of Covid-19 vaccines and advanced economies need to step up financing efforts amid growing deaths and new variants, the World Health Organisation has...
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8 Apr 21
Japan could supplement its record budget, passed last month, if pandemic costs rise, a senior official has said.
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7 Apr 21
Prospects for economic recovery vary starkly across regions and between countries despite the world economy emerging from the worst phase of the Covid-19 pandemic, the International Monetary Fund has...
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31 Mar 21
The world’s 69 poorest countries will need to spend $450bn by 2025 to respond to Covid-19 and accelerate their income convergence with advanced economies, the IMF has said.
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29 Mar 21
An impending debt crisis in developing countries will lead to “another lost decade” without decisive action, according to the head of the United Nations.