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Luxembourg: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg

International Monetary Fund. European Dept - 2015

EXECUTIVE SUMMARY Luxembourg’s main challenge is to strengthen an economic model that has served it well. Growth was …, should fortify Luxembourg’s ‘AAA’ sovereign credit standing. Equally, Luxembourg also plans a series of actions to uphold its … union promises to be especially beneficial for Luxembourg, operationalizing a purposeful systemic risk committee, and being …

Persistent link: https://www.econbiz.de/10014412236

Luxembourg: Selected Issues

International Monetary Fund. European Dept - 2015

Luxembourg: Selected Issues …

Persistent link: https://www.econbiz.de/10014412235

Cyprus: Fifth, Sixth, and Seventh Reviews Under the Extended Arrangement Under the Extended Fund Facility; Request for Waiver of Nonobservance of a Performance Criterion; and Repha...

International Monetary Fund. European Dept - 2015

EXECUTIVE SUMMARY Economic developments have been encouraging. The recession in 2014 was milder than expected and GDP growth was positive in the first quarter of 2015 for the first time in almost four years. The fiscal outturns have exceeded program projections by a large margin. Liquidity and...

Persistent link: https://www.econbiz.de/10014412206

Republic of Belarus: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Belarus

International Monetary Fund. European Dept - 2015

KEY ISSUES Context: Belarus’ economic model continues to make it highly vulnerable to economic shocks. This was illustrated once more by the turbulence in foreign exchange and debt markets late last year, to which the authorities initially responded with administrative measures before allowing...

Persistent link: https://www.econbiz.de/10014412243

Republic of Kosovo: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Republic of Kosovo

International Monetary Fund. European Dept - 2015

KEY ISSUES Context: Following a six-month political stalemate, the largest two parties reached an agreement in December to form a grand coalition, which enjoys a comfortable majority in parliament. The remittances-fueled growth is set to continue in the near term, but deep challenges remain in...

Persistent link: https://www.econbiz.de/10014412263

Switzerland: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Switzerland

International Monetary Fund. European Dept - 2015

KEY ISSUES Switzerland has once again had to contend with capital flow volatility. Following the exit from the exchange rate floor in mid-January 2015 and the subsequent appreciation of the franc, the Swiss economy faces exchange rate overvaluation, slower near-term growth, and deflation. Both...

Persistent link: https://www.econbiz.de/10014412264

France: 2015 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for France

International Monetary Fund. European Dept - 2015

KEY ISSUES Context. After several years of near-stagnation, France’s economy is recovering, supported by an accommodative external environment, in particular lower oil prices, a depreciated euro, and low interest rates. However, structural rigidities continue to weigh on France’s medium-term...

Persistent link: https://www.econbiz.de/10014412283

Republic of Poland: 2015 Article IV Consultation-Press Release; Staff Report; Information Annex; and Statement by the Executive Director

International Monetary Fund. European Dept - 2015

The economy has recovered from the 2012–13 slowdown, supported by sound policies and improving external conditions. The outlook is for robust growth and subdued inflation but risks, although moderating, are tilted to the downside. Further structural reforms and stronger policy buffers will...

Persistent link: https://www.econbiz.de/10014412287

Germany: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Germany

International Monetary Fund. European Dept - 2015

KEY ISSUES Context: Growth is benefiting from lower energy prices and euro depreciation, and the labor market is strong. The external position remains substantially stronger than implied by medium-term fundamentals as the current account surplus reached another historical high. The fiscal...

Persistent link: https://www.econbiz.de/10014412292

Greece : Preliminary Draft Debt Sustainability Analysis

International Monetary Fund. European Dept - 2015

At the last review in May 2014, Greece’s public debt was assessed to be getting back on a path toward sustainability, though it remained highly vulnerable to shocks. By late summer 2014, with interest rates having declined further, it appeared that no further debt relief would have been needed...

Persistent link: https://www.econbiz.de/10014412303