Local governments are sinking further into debt, but after years of talk, officials have yet to introduce a real estate tax.
Category: Economic Conditions and Trends
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The Elusive Fix for China’s Budget Crisis
Property taxes would help local governments that are sinking further into debt. But after years of talk, officials have yet to introduce a real estate tax.
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The U.K. Economy Needs a Pick-Me-Up. Is the Coronation Enough?
Caught between slow growth and high inflation, businesses are hoping King Charles’s coronation will bolster consumer confidence enough to last more than just one weekend.
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The ‘Peace Dividend’ Is Over in Europe. Now Come the Hard Tradeoffs.
Defending against an unpredictable Russia in years to come will mean bumping up against a strained social safety net and ambitious climate transition plans.
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The Eurozone Economy Shows Signs of Modest Growth
The countries that use the euro recorded economic expansion of 0.1 percent in the first quarter, a slight improvement over the previous quarter’s flat output.
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Central Banker to Britons: You’re Worse Off. Accept It.
The comment, from the Bank of England’s chief economist, was offered as a way to curb inflation. But the message has fallen flat.
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U.K. Inflation Edges Lower, but Persists in Double Digits
Prices rose at an annual rate of 10.1 percent last month, down from 10.4 percent in February. Food costs continued to keep inflation high.
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‘Zero Covid’ Behind It, China’s Economy Starts to Recover
The economy grew 4.5 percent in the first three months of the year, a pickup from the end of 2022, when the relaxation of pandemic prevention measures led to a wave of illness.
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Pressure Mounts on China to Offer Debt Relief to Poor Countries Facing Default
There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans.
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Sulwhasoo, the Korean Beauty Brand, Partners with the Metropolitan Museum of Art
Amorepacific partners with the Metropolitan Museum of Art to expand the reach of Sulwhasoo, their luxury Korean beauty brand.
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As U.S. Tries to Isolate China, German Companies Move Closer
Some are expanding in China, reluctant to leave a huge market they need to finance operations back home.
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IMF Lowers Growth Outlook Amid Financial System Tremors
The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.