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of low oil prices. Pakistan, while not growing as quickly as its neighbors, has continued its steady growth recovery in H ….1 percent fall in the import bill and reducing inflation significantly, in turn creating scope to reduce the policy rate …. Private sector consumption, propelled by higher remittances and a loosened monetary policy, is expected to account for over …
Persistent link: https://www.econbiz.de/10012644613
Pakistan is facing yet another balance of payment crisis. Authorities have taken some corrective measures and … the government tightens fiscal and monetary policy. This report highlights the importance of tackling the structural …
Persistent link: https://www.econbiz.de/10012646389
Decentralization and democratization in the Latin America and the Caribbean region have produced a wave of innovations on the local government level upgrading professional staffs, raising taxes and user fees, delivering better services, and mobilizing participation in public choice-making. This...
Persistent link: https://www.econbiz.de/10005779908
The Moroccan economy is recovering. Following a sharp deceleration in 2022 caused by various overlapping commodity and climatic shocks, economic growth increased to 2.9 percent in the first semester of 2023, driven primarily by services and net exports. Inflation has halved between February and...
Persistent link: https://www.econbiz.de/10014454185
more an unintended outcome of still high rurality and low farming intensity rather than a result of public policy and …
Persistent link: https://www.econbiz.de/10014454276
Global economic activity registered resilient growth in early 2023 but is losing momentum. Advanced economies growth slowed less-than-anticipated inearly 2023 as tight labor markets drove wages up, preventing a sharp decline in consumption. However, global growth slowed slightly in Q2 2023, with...
Persistent link: https://www.econbiz.de/10014454310
, monetary policy tightening and lower global commodity prices. External imbalances have narrowed, supported by a string recovery …
Persistent link: https://www.econbiz.de/10014454371
Migration will likely become increasingly important for Tunisia in terms of both inflows and outflows, given the demographic transition in both Tunisia and Europe. As such Tunisia can work (also with partner countries) to maximize the benefits of migration. As a country of mainly emigration,...
Persistent link: https://www.econbiz.de/10014454400
Economic activity in China has picked up in 2023, but the recovery remains fragile. Real GDP growth accelerated to 5.2 percent y/y in the first three quarters of 2023, driven by demand for services, resilient manufacturing investment, and public infrastructure stimulus. The initial phase of...
Persistent link: https://www.econbiz.de/10014495447
, and propose policy reforms to secure fiscal sustainability, restore macroeconomic stability, and promote shared prosperity … macroeconomic performance while placing fiscal policy in the broader macroeconomic context. Chapter 2 assesses domestic revenue …
Persistent link: https://www.econbiz.de/10014495451