Public anger may undermine Oman’s subsidy cut plans

Reports of much higher electricity bills than usual are stoking a widespread backlash

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Hungary has embarked on rate-rising cycle

To control surging inflation, Hungary has raised interest rates more than expected

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Emergency welfare spending last year eased the pandemic-related contraction but is likely to be cut back this year

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A large central bank rate hike to 6.5% was well flagged up and generally expected

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The flash July PMIs for Australia and Europe show the industry rebound stabilising and services at risk of disruption

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Despite governmental measures, the continuing dry season may increase the risk of power shortages

Article

House prices have surged during the pandemic, and this will challenge ultra-expansionary fiscal and monetary policies

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