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Portugal's economy faced severe crisis during the global economic and financial crisis. In this context, Portugal's authorities have put forward an economically well-balanced program that will focus on structural reforms to boost growth and employment, ensure balanced fiscal sustainability,...
Persistent link: https://www.econbiz.de/10011244580
Hungary’s 2007 Article IV Consultation reports that with fiscal consolidation on track for 2007 and 2008, short-term risks have receded, especially owing to the favorable international financial environment. Ensuring that the current economic slowdown does not translate into a prolonged...
Persistent link: https://www.econbiz.de/10011244745
Japan has responded swiftly to stabilize markets, and activity has begun to recover. The immediate priority is to … fiscal adjustment and support the recovery. Japan is an important contributor to regional growth and stability. Despite the … adversity caused by the earthquake, Japan continues to demonstrate its strong commitment to international cooperation. …
Persistent link: https://www.econbiz.de/10011244887
Grenada quickly recovered from the devastating effects of Hurricane Ivan. Executive Directors welcomed the economic reform program aimed to promote economic growth, restore fiscal and debt sustainability, reduce vulnerabilities, and alleviate poverty. They emphasized the need to strengthen the...
Persistent link: https://www.econbiz.de/10011244939
This 2009 Article IV Consultation highlights that although Japan was not at the center of the initial crisis, the …
Persistent link: https://www.econbiz.de/10011244949
The staff report for St. Kitts and Nevis’ first review under the Stand-By Arrangement and the Financing Assurances Review is presented. Economic activity is estimated to have been flat in 2011, as continued weakness in the construction sector offset the moderate recovery in tourism and...
Persistent link: https://www.econbiz.de/10011245076
Despite abundant natural resources and arable land, Guinea-Bissau is ranked at the lowest end of the UN human development index, mainly because of the civil war of 1998–99 and the ensuing prolonged political instability and serious governance deficiencies thereafter. Since mid-2004,...
Persistent link: https://www.econbiz.de/10011245243
This 2006 Article IV Consultation highlights that economic performance of the Czech Republic strengthened during 2005–06, supported by the expanding capacity of the export-oriented automotive sector and a cyclical recovery in the European Union. The momentum of growth has been underpinned...
Persistent link: https://www.econbiz.de/10011245386
This 2005 Article IV Consultation highlights that following a strong performance in 2004, Israel’s economic expansion accelerated in 2005, supported by a relatively favorable global economic environment, an improvement in the security situation, and prudent policies. Real GDP grew at an...
Persistent link: https://www.econbiz.de/10011245506
The effects of the global recession and decline in logging have undermined macroeconomic stability in the Solomon Islands. The government’s program offers a basis for resuming strong growth in a low inflation environment, helping to advance poverty alleviation efforts and achieve other...
Persistent link: https://www.econbiz.de/10011245660