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Turbulent times for SMEs 

4 minute read

In recent years, the global economy has experienced a number of deep shocks, due to escalating geo-political tensions, global financial risks, tighter monetary and fiscal policy stances, financial-sector stress, labour shortages, trade barriers and slowing integration in global value chains.…

A fiscal squeeze may be coming

5 minute read

This analysis by John Mitchell highlights shifting government spending patterns over the past 20 years, with rising health and social protection spending, accompanied by decreases for education, defence and public debt transactions. But recent increases in long-term interest rates combined…