The kingdom is among the smaller economies in the GCC, but is also one of the most diversified, with particularly well-developed financial services and manufacturing sectors. Despite its diversified economy, Bahrain has nonetheless faced pressures in recent years as a result of the 2014-15 drop in global oil prices. However, a multibillion-...
Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
Decades of growth in trade and foreign investment have made the economies of the world more interdependent than ever before. This trend has been reinforced by the steady liberalisation of international trade and investment at the bilateral, plurilateral and multilateral levels. National economic specialisations, and regional economic and...
Bahrain is among the smaller economies in the GCC, but it is also one of the more diversified ones, with particularly well-developed financial services and manufacturing sectors. Despite its diversified economy, Bahrain nonetheless faced pressures in recent years as a result of the 2014-15 drop in oil prices.
The country is working to gradually improve its economic indicators by implementing tough, yet necessary, structural reforms. Although significant strides have been made since 2011, Tunisia continues to face acute macroeconomic imbalances. While reform efforts have suffered from changing administrations in the years following the revolution, in 2018...
With the government enacting far-reaching reforms in early 2018 to help quicken the restoration of macroeconomic equilibrium, it is hoped that any short-term negative impact of the changes will be mitigated by the recovery of key industries, including tourism and phosphates. Growth for 2018 is projected to rise to 3%, according to the IMF, or 2.8%...
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