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The Economic Development and Poverty Reduction Program (EDPRP) was developed with the active participation and support of society, executive authorities, nongovernment organizations, academia, businessmen, and donors. The study additionally provides coordinated mechanisms for bilateral and...
Persistent link: https://www.econbiz.de/10005825520
Domestic demand is expected to remain the engine of growth in France, with net exports playing a minor role in the near term. Risks to the outlook are tilted to the downside. Boosting potential growth requires a comprehensive strategy. The consolidation targets set out in France’s...
Persistent link: https://www.econbiz.de/10011243070
cross-border workers, rank highest among European Union countries, primarily driven by high replacement rates of public … income support, including for unemployment benefits, the minimum guaranteed income, and pensions. Rapid social spending … growth has funded substantial increases in unemployment and family benefits. …
Persistent link: https://www.econbiz.de/10011244141
particularly strong, because a large portion of the current baby-boomers are in their peak earning years, and their retirement will …
Persistent link: https://www.econbiz.de/10011244195
decade. Inflation is close to that of the euro area, financial conditions are favorable, unemployment is falling, and the …
Persistent link: https://www.econbiz.de/10011244216
An externally driven economic recovery has continued gathering strength in 2010 in Luxembourg. Executive Directors welcomed this development and the authorities’ supportive fiscal policy in 2010 as well as their role in stabilizing the financial sector. According to the Financial Sector...
Persistent link: https://www.econbiz.de/10011244241
This 2012 Article IV Consultation highlights that economic growth in Luxembourg slowed in 2011 amid the euro area sovereign debt crisis. Reflecting sluggish external demand, economic activity is expected to further weaken, with growth projected to decline to ½ percent in 2012. Executive...
Persistent link: https://www.econbiz.de/10011244379
Portugal’s economic adjustment has continued, but the contraction in output has been milder than expected. The 2012 outlook for Europe has deteriorated substantially, with growth revised down by 1¼ percentage points relative to spring forecasts. Substantially higher capital...
Persistent link: https://www.econbiz.de/10011245172
The global crisis exacerbated the Slovenian economy’s previous imbalances in the fiscal, financial, and real sectors. The authorities agreed that fiscal consolidation including pension, health care, and financial management is essential for sustainable recovery. The Bank of Slovenia...
Persistent link: https://www.econbiz.de/10011245562
The Selected Issues paper on Finland underlies public finances and structural reform. The structural reforms encompassing labor and product markets as well the pension system would substantially improve the outlook for fiscal sustainability. Reductions in labor and product market inefficiencies...
Persistent link: https://www.econbiz.de/10005591384