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The staff report for the 2006 Article IV Consultation on Botswana highlights economic developments and monetary and exchange rate policy. Botswana’s growth has been fueled by continued increases in diamond production; and real diamond output is projected to level off, and then decline...
Persistent link: https://www.econbiz.de/10011244994
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
This 2007 Article IV Consultation highlights that boom in private consumption in Iceland was facilitated by easing household credit conditions, tax cuts, rapidly rising housing and equity wealth, and an appreciating real exchange rate. As a result, the output gap peaked at over 5 percent in...
Persistent link: https://www.econbiz.de/10011244341
The swift and decisive policy response of Korea has contributed to an impressive economic recovery from the financial turmoil. Executive Directors welcomed the well-calibrated and gradual exit strategy while aiming to achieve strong and sustainable long-term economic growth. Directors welcomed...
Persistent link: https://www.econbiz.de/10011244466
less of the stabilization burden on the fledgling inflation-targeting framework. GDP growth has remained strong …
Persistent link: https://www.econbiz.de/10011244810
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
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
Inflation in Southeastern European (SEE) countries has been comparable with euro area inflation, partly owing to on the … inflation-targeting regime pursued in Albania. The analysis also explores additional heterogeneity between SEE and other regions …
Persistent link: https://www.econbiz.de/10011245091
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