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The Slovak Republic’s 2005 Article IV Consultation reports that sound macroeconomic management and a wide range of fundamental structural reforms are supporting nominal convergence with European Union norms. Real GDP growth accelerated to 6 percent in 2005, driven by an improvement in the...
Persistent link: https://www.econbiz.de/10011244180
ahead. Uruguay’s near-term economic prospects are generally favorable. The main short-term challenge is rising inflation …
Persistent link: https://www.econbiz.de/10011244819
The external sector has an increasing drag on the economy. The current account deficit remains fully financed by FDI, and the underlying balance is consistent with external-debt stabilizing levels. The stock market retrenchment has been severe, but it followed substantial gains since 2006....
Persistent link: https://www.econbiz.de/10011244849
This paper discusses key findings of the First Review for Hungary under the Stand-By Arrangement. All end-December 2008 quantitative performance criteria and the continuous performance criterion on nonaccumulation of external arrears were met. The structural performance criterion on submission...
Persistent link: https://www.econbiz.de/10011244967
investment decelerated while the unemployment rate rose only little and temporarily. The policy response to the crisis has sought … to balance different risks. Executive Directors have welcomed the achievement of single-digit inflation over the last … several years, while noting that inflation remains relatively high. …
Persistent link: https://www.econbiz.de/10011245003
geared at containing inflation while also seeking to engender a sustainable reduction in interest rates. …
Persistent link: https://www.econbiz.de/10011245004
Turkey’s Fifth Review and Inflation Consultation under the Stand-By Arrangement and a Request for Waiver of …
Persistent link: https://www.econbiz.de/10011245154
should support the rupiah and help dampen inflation, but a more automatic mechanism for recycling official reserves would, in …
Persistent link: https://www.econbiz.de/10011245364
Colombia’s economy has performed well in recent years. This 2008 Article IV Consultation highlights that economic growth in 2006–07 exceeded the regional average by a substantial margin. The authorities have acted swiftly to bolster confidence and ensure that the private sector...
Persistent link: https://www.econbiz.de/10011245435
The 2008 Article IV Consultation with the Russian Federation highlights that the Russian banking system has proven to be relatively resilient in the face of worldwide turmoil. The central bank is still intervening heavily in the foreign exchange market, and Russia’s banking system is...
Persistent link: https://www.econbiz.de/10011245441