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News and Press Release in English on World and 9 other countries about Protection and Human Rights; published on 4 May 2023 by Govt. Canada, Govt. Spain and 2count other organizations
Tax revenues in Asia and the Pacific hit by pre-COVID economic slowdown 21/07/2021 – Tax revenues fell in 2019 in two-thirds of economies across Asia and the Pacific as a result of an economic slowdown prior to the COVID-19 pandemic, according to a new OECD report. Revenue Statistics in Asia and the Pacific 2021, launched today at an Asia-Pacific Economic Cooperation (APEC) workshop on tax policy responses to the COVID-19 pandemic, shows that the average tax-to-GDP ratio for the 24 economies in the Asia-Pacific region covered by the report was 21.0% in 2019. This is below the average ...
ADB predicts modest growth for Pacific economies this year ADB predicts modest growth for Pacific economies this year May 03, 2021 The Asian Development Bank expects Pacific Island economies to return to positive growth this year, although at different rates, and with a great deal riding on successful vaccine roll-outs. Pacific economies contracted by an estimated 5.8% last year due to the effect of the coronavirus pandemic on tourism and trade flows, and construction activity. The region's economies are forecast to recovery to 1.4% this year, and 3.8% in 2022, although this ...
SYDNEY (devpolicy.org/Pacnews) â With one of the smallest populations in the world (12,581 in 2019), Nauru is perhaps best known for its riches to rags history, which Helen Hughes shed light on in a 2004 article. Things looked bleak then, but Nauru has since reverted from rags to riches. In constant prices, GDP has grown at an average of 6.7% between 2004 and 2019. As the figure below shows, the countryâs income per capita has increased almost fivefold since 2007. Last year, it crossed the high-income threshold (U.S.$12,535) and Nauru was readmitted by the World Bank to the high-inc...