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Tag: GDP

KSA, Singapore To Boost Cooperation

RIYADH: Saudi Arabia and Singapore have identified education and health as potential areas of cooperation. “Top Saudi officials will be traveling to Singapore, an island city-state in Southeast Asia, in the near future to explore possibilities to work closely in these sectors,” said Singapore Ambassador Lawrence Anderson. Anderson, who was speaking on the occasion of […]
GCC Will growth rate continue to Decline

GCC : Will Growth Rate Continue to Decline?

Introduction Tough days are still on for all six countries of Gulf Cooperation Council (GCC). Various reports and survey including report of World Bank provides for slashing growth rate and tightening of monetary and fiscal policies and increased fiscal deficits. World Bank agrees that the prime reason for this forecast is majorly due to expectation […]

IMF Report Looks At Tax And Wealth Distribution

High-income households and corporations now face lower effective rates in some advanced economies, and this has contributed to an increase in net income inequality, according to a new International Monetary Fund report, entitled Causes and Consequences of Income Inequality: A Global Perspective. The report says that when the income share of the top 20 percent increases, […]

Qatar Should Broaden Non-Oil Tax Base, IMF Says

The International Monetary Fund (IMF) has urged Qatar to broaden its corporate income tax (CIT) base in order to decrease its reliance on oil revenues. “The recent large drop in oil and natural gas prices will lead to a substantial deterioration of the fiscal and external balances, calling for intensification of diversification efforts and some […]

Canada, Switzerland See Stronger Growth

Economic growth in Canada and Switzerland beat expectations, but currency issues are causing analysts to urge caution for the future. In the fourth quarter of 2014, Canada saw GDP rise by 2.4% annualized, according to a statement by Statistics Canada issued on Tuesday. The growth was above expectations although slightly lower than third quarter growth, […]