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Member countries of the Central African Economic and Monetary Community are recovering from the global financial crisis, although growth in 2011 has not returned to precrisis levels. Executive Directors welcomed the region’s economic recovery from the global financial crisis and its overall...
Persistent link: https://www.econbiz.de/10014397528
In 2010, average inflation has remained low in all West African Economic and Monetary Union (WAEMU) countries, but has edged up in the second half of the year. After a moderate fiscal easing by about 11⁄2 percentage points of GDP in 2009, mostly the result of higher capital spending, the...
Persistent link: https://www.econbiz.de/10014399070
This paper discusses the common policies adopted by the members of the Central African Economic and Monetary Community (CEMAC). The macroeconomic performance was good in 2011 with improved fiscal balances, public investment programs, and higher reserves. However, CEMAC is facing challenges from...
Persistent link: https://www.econbiz.de/10014395663
Macroeconomic developments benefited from oil windfalls, but structural problems still impede non-oil growth. Fiscal and external balances improved in the Central African Economic and Monetary Community (CEMAC) because of the surge in oil prices and better fiscal management. Oil-related reserve...
Persistent link: https://www.econbiz.de/10014405373
Persistent link: https://www.econbiz.de/10000543705
This 2002 Article IV Consultation highlights that Germany’s economy is poised for a fragile recovery, after having …
Persistent link: https://www.econbiz.de/10014406353
economic environment and policies. Declining labor shares, wage moderation, and employment performance in Germany and the … benefits of the new economy. The tax reform package marks a radical and constructive shift in German tax policy, and the …
Persistent link: https://www.econbiz.de/10014402633
This Selected Background Issues paper examines the process of international financial integration in Germany, focusing … on both banking and securities markets. The examination is useful both because of the size and importance of Germany …’s economy and because of the structure of its financial markets, which rely on bank-based finance as opposed to securities …
Persistent link: https://www.econbiz.de/10014397555
This Selected Issues paper analyzes labor market asymmetries and macroeconomic adjustment in Germany. Empirical work … reported shows that in Germany, negative demand shocks increase the unemployment rate by more than the decrease in the …
Persistent link: https://www.econbiz.de/10014398932
Germany’s economic growth and recovery from the global crisis are explained in this study. Tax, education, and … innovation policies are specific measures supported by the authorities. External and financial shocks received by Germany and … other outward spillovers are outlined. Germany has a high current account and international assets. From a long …
Persistent link: https://www.econbiz.de/10014399041