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The Russian economy has passed through a long and wrenching depression. Official Russian economic statistics indicate that from 1990 to the end of 1995, Russian GDP declined by roughly 50%, far greater than the decline that the United States experienced during the Great Depression.
Proposed as policy by Prime Minister Margaret Thatcher and carried out under the remit of Secretary of State for the Environment Michael Heseltine, the Right To Buy scheme allowed tenants to buy their home with a discount of 33–50% off the market value, depending on the time they had lived there.
This was accompanied by a 50 basis point drop in the base rate to 3.25% by the European Central Bank (ECB). On November 6, the International Monetary Fund (IMF) at Washington, D.C., predicted for 2009 a worldwide −0.3% decrease of the BIP for the developed economies (−0.7% for the US and −0.8% for Germany).
Layoffs and rehiring: In May 2020, ShareChat laid off 101 employees. They have since rehired over 50% of the laid-off workforce after the launch of the video platform Moj. In December 2022, ShareChat laid off another 5% of its workforce. In January 2023, ShareChat again laid off 400 employees which was around 20% of its workforce.
Aimed at middle- to low-income households (annual income less than 30,000 to 70,000 RMB according to the size of the household and the specific area), this public housing program provides housing (usually 60–110 square meters) at affordable price (usually 50–70% market price).
Rayon, also called viscose [1] and commercialised in some countries as sabra silk or cactus silk, [2] is a semi-synthetic fiber, [3] made from natural sources of regenerated cellulose, such as wood and related agricultural products. [4] It has the same molecular structure as cellulose.
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