Economic Conditions and Trends – Page 120

U.K. Economy Continues to Grow Slowly

The increase of 0.1 percent in the three months that ended in March, which was driven by construction and information services, matched the slow rise in the previous quarter.

By Eshe Nelson

Brookings Institution Deaths (Obituaries) Dervis, Kemal Economic Conditions and Trends Politics and Government Turkey United Nations Development Program

Kemal Dervis, Who Eased Turkey’s Economic Crisis, Dies at 74

Changes he spearheaded in 2001 helped avert disaster. He later led the United Nations Development Program.

By Neil Genzlinger

Bank of England Economic Conditions and Trends Great Britain Inflation (Economics) Interest Rates

Bank of England Raises Interest Rates to 4.5%, Highest Level in 15 Years

The central bank lifted its benchmark rate a quarter point, to 4.5 percent, as part of its aggressive policy to tame inflation, which has remained stubbornly high.

By Eshe Nelson

China Chongqing (China) Communist Party of China Economic Conditions and Trends Local Government Property Taxes Real Estate and Housing (Residential) Shanghai (China)

Why China Doesn’t Have a Property Tax

Local governments are sinking further into debt, but after years of talk, officials have yet to introduce a real estate tax.

By Keith Bradsher