Weekly Market News

22.01.2018

China: Economy grows 6.9% in 2017

China’s economy expanded by 6.8% yr/yr in Q4, the same as in the previous three months. For the whole of 2017, the economy grew by 6.9%, above the official target of around 6.5% and marking the first yearly acceleration since 2010...

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15.01.2018

Tunisia: Anti-austerity protests spread

Violent demonstrations have erupted across Tunisia against government austerity measures. In an effort to cut the budget deficit to 4.9% of GDP in 2018 from 6.0% in 2017, the government implemented a series of austerity measures...

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08.01.2018

Myanmar: Minimum wage set to raise 33.3%

Myanmar’s National Committee for Minimum Wage proposed to raise the minimum daily wage by 33.3% to Kyat 4,800 (US$3.6). It made the decision after taking account of wage rates in neighbouring countries and views from employers and employees, among other things...

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02.01.2018

UAE: VAT effective from 1 January

UAE has introduced a 5% value-added tax (VAT) on most goods and services, with effect from 1 January. The tax applies on a range of items like food, clothes, electronics and gasoline, as well as phone, water and electricity bills, and hotel reservations...

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