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decline. Households have rapidly accumulated debt during boom times, and incomes and asset values have declined severely …
Persistent link: https://www.econbiz.de/10011244469
lowest historical rate in 2012, as households cut back savings to support consumption in response to negative income shocks …. Household savings fell across all households, but the declines were likely more material among lower income and highly indebted … ahead, households may need to restrain consumption further to free resources for repaying debt. Household savings rates will …
Persistent link: https://www.econbiz.de/10011244773
The staff report for the 2005 Article IV Consultation on the People’s Republic of China highlights economic developments, policy discussions, and structural reforms. A larger external current account surplus, together with strong capital inflows, led to a further sizable increase in gross...
Persistent link: https://www.econbiz.de/10005591596
This 2004 Article IV Consultation highlights that macroeconomic developments in Belarus in 2003 were mixed. Although in real terms GDP, industrial production, and agriculture all grew by 6.8 percent; according to official data prepared on Belarusian national methodology growth, would be lower on...
Persistent link: https://www.econbiz.de/10005591825
Madagascar showed satisfactory performance under the Poverty Reduction and Growth Facility (PRGF) program. Executive Directors agreed that the crisis has undermined the timely achievement of the program, requiring the government to redouble its efforts. They welcomed the 2003 budget and stressed...
Persistent link: https://www.econbiz.de/10005768438
This paper discusses key findings of the Financial System Stability Assessment (FSSA) and Reports on the Observance of Standards and Codes (ROSC) on Banking Supervision, Securities Regulation, Insurance Supervision and Regulation, and Securities Settlement Systems for Belgium. The assessment...
Persistent link: https://www.econbiz.de/10005768517
This Financial System Stability Assessment on the Eastern Caribbean Currency Union (ECCU) reviews overall stability assessment. The fiscal position of the governments in the region has deteriorated sharply in recent years. A source of strength of the ECCU has been the large historical presence...
Persistent link: https://www.econbiz.de/10005768555
This paper presents key findings of the Financial System Stability Assessment for Barbados, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, and...
Persistent link: https://www.econbiz.de/10005824907
This 2005 Article IV Consultation highlights that macroeconomic developments in Madagascar in 2003 and 2004 were dominated by the sharp depreciation of the national currency, and rising inflation pressures, with year-over-year consumer price inflation reaching 30 percent at end-February 2005. At...
Persistent link: https://www.econbiz.de/10005824915
This paper presents key findings of the Financial System Stability Assessment for New Zealand, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation. The assessment reveals that New Zealand has a...
Persistent link: https://www.econbiz.de/10005252766