This 2015 Article IV Consultation highlights that Djibouti's economic growth, driven by large investment projects …, continued its rapid pace in 2014. Aggregate investment reached 44 percent of GDP in 2014 and is expected to peak at 57 percent …

private consumption while others, like the ASEAN economies, need to raise investment. Given that China accounts for such a …

This Selected Issues paper analyzes France's fiscal stance using a structural stochastic model. The theoretical model … can help build buffers that could help France confront the next downturn from a stronger fiscal position. The analysis … highlights that, on average, fiscal policy in France exhibited a deficit bias over the past four decades, being unable to react …