Oman may be rowing back on an austerity plan to fix its shaky finances in the face of protests over unemployment but investors are cutting the Gulf state's new ruler some slack for now.
Australia's economy extended its rapid recovery in the first quarter as consumers and businesses spent with abandon, lifting output back above where it was last year when pandemic lockdowns tipped the country into recession.
Much of Africa may have been spared the death toll that COVID-19 brought to other regions, but it now faces recession, growing violence and higher unempoyment because of the pandemic, a report said on Wednesday.
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