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The 2023 Article IV Consultation highlights that India is on track to be one of the fastest growing major economies in … promote transparency and accountability and align policies with India's development goals. In order to reap the benefits of …
Persistent link: https://www.econbiz.de/10015058817
India’s economy has slowed substantially before and after the global financial crisis. The economy is in a weaker …
Persistent link: https://www.econbiz.de/10014395405
India’s macroeconomic imbalances (high inflation, large current account and fiscal deficits) and structural weaknesses … imports. Nonetheless, India has very little room to adopt countercyclical policies, constrained by persistently-high inflation … facing India. Further increases in the policy rate will be necessary to tackle high inflation and inflation expectations …
Persistent link: https://www.econbiz.de/10014411154
The economy has rebounded from the pandemic-related downturn but is facing new headwinds. The authorities have responded with fiscal policy measures to support vulnerable groups and to mitigate the economic impact of commodity price increases, as well as with front-loaded monetary policy...
Persistent link: https://www.econbiz.de/10015059871
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Pre-COVID-19, economic policies under "Abenomics" helped ease financial conditions, exit deflation, and raise labor market participation, but fell short on the deep reforms needed to raise productivity and achieve inclusive and sustainable growth. The Japanese economy is now recovering from the...
Persistent link: https://www.econbiz.de/10015060513
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Macao SAR's recovery is expected to continue in 2022, but it will take several years before the economy returns to its pre-crisis level. Although strong fiscal support and the financial strength of Macao SAR's casino groups cushioned employment and consumption, the sharp contraction in activity...
Persistent link: https://www.econbiz.de/10015060487
KEY ISSUES Context. Raising growth and ensuring long-term fiscal sustainability remain the two critical issues of the FSM. The reform agenda, in particular, the tax reform package and growth-enhancing reforms, hinges on achieving a national consensus in a loosely federated nation. Outlook. The...
Persistent link: https://www.econbiz.de/10014412079
This 2015 Article IV Consultation highlights that after a sharp contraction in the first quarter of 2014, Thailand’s economy experienced a modest recovery in subsequent quarters, to expand by 0.7 percent in the year as a whole. Inflation decelerated toward the end of 2014 and became negative...
Persistent link: https://www.econbiz.de/10014412086