CATEGORY: Focus Reports
Indonesia’s economy experienced a milder slowdown in 2020 than its ASEAN-5 neighbours, according the IMF’s April 2021 World Economic Outlook, and also fared better than 16 other G20 members.
The UAE’s robust current account balance cushioned the economy against the twin global challenges of Covid-19 and the oil price drop in 2020. Lockdowns were implemented to protect public health, and Emiratis migrated online.
In light of a recent article published by Oxford Business Group on the introduction of a global minimum corporate tax rate, Managing Editor for the Middle East and Asia, Patrick Cooke, discussed the possible implications of these new tax rules on emerging economies and their Covid-19 recoveries in an interview with Singaporean radio station, Money FM 89.3.