On GDP, from the Country That Brought You the Term “Potemkin Village”

From BOFIT, on 16 February 2024: PRELIMINARY FIGURES SUGGEST SURPRISINGLY ROBUST RUSSIAN GDP GROWTH IN 2023 Rosstat last week released its preliminary 2023 data, which showed that Russian GDP grew by 3.6 % in 2023. Growth was clearly higher than either international or Russian forecasters had expected. For example, the most recent forecast published by the … Read more

Home prices stall across the country, apart from one affordable capital city

Property prices have had a lacklustre start to 2024 with most capital cities either slowing or going backwards. But one of Australia’s most affordable capital cities has powered ahead, with values reaching a new record high in January. The latest PropTrack Home Price Index showed the national median home value edged up just 0.02% last … Read more

Bargain country and coastal homes for sale, but there’s a tiny catch

If you’re looking for a sea- or tree-change lifestyle offering seclusion, land or proximity to the beach there are some relative bargains to be found – if you’re prepared to live small. As the tiny home movement continues to grow in popularity, not only are they viewed as a potentially lucrative investment but PropTrack Anne … Read more

Canada’s high tax rates driving talented workers to leave the country

Breadcrumb Trail Links Taxes Personal Finance Kim Moody: Canada needs a personal tax system that competes on a rate basis with that of the U.S. Published Jan 03, 2024  •  Last updated 4 days ago  •  5 minute read The actual number of people moving out of Canada is small, but the outsized amount of wealth, … Read more

China developer Country Garden reportedly set to avoid yuan bond default

The East China headquarters of Country Garden is being shown in Zhenjiang, Jiangsu Province, China, on October 10, 2023. Nurphoto | Nurphoto | Getty Images Embattled Chinese real estate developer Country Garden may avoid a default on its yuan-denominated bonds after most holders of a local note agreed not to demand repayment this week, according to Bloomberg … Read more