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This 2003 Article IV Consultation highlights that the South African economy performed well in 2002, notwithstanding difficult global economic conditions. Supported by sound macroeconomic management and a highly competitive exchange rate, real GDP growth rose to 3.0 percent in 2002 from 2.8...
Persistent link: https://www.econbiz.de/10005248115
This report on the Russian Federation’s Article IV Consultation highlights Data Module and response by the authorities. Russia’s statistical system has made good progress in adopting international statistical methodologies in response to the need to capture in the statistics the...
Persistent link: https://www.econbiz.de/10005252619
This 2003 Article IV Consultation highlights that Israel’s economy has entered a modest recovery path, after almost three years of recession. Led by external demand, real GDP is estimated to have grown 1.3 percent in 2003, despite anemic investment. Furthermore, high frequency indicators...
Persistent link: https://www.econbiz.de/10005252670
This Selected Issues paper and Statistical Appendix examines inflation and wage dynamics in Finland. The paper … inflation for 1996:Q1–2001:Q4. The paper examines the determinants of the equilibrium real exchange rate, and also analyzes …
Persistent link: https://www.econbiz.de/10005252725
This 2002 Article IV Consultation highlights that the Israeli economy is in the midst of a deep recession. Waning exports and investment, combined with stagnant private consumption, led to negative growth in 2001 and 2002. The stagnation can be attributed to the burst of the technology bubble,...
Persistent link: https://www.econbiz.de/10005252735
This Selected Issues paper analyzes the recent French inflation behavior. The paper demonstrates that the recent change … in French headline inflation behavior resulted from a few idiosyncratic, i.e., transient, factors. The paper describes …
Persistent link: https://www.econbiz.de/10005252764
This Selected Issues paper for South Africa presents a quantitative analysis of inflation dynamics in the country. The … inflation. Exposed to exchange rate and other shocks, the model confirms that a delayed policy response to inflation shocks … leads to persistently higher inflation rates and, subsequently, to a sharp real contraction of the economy. …
Persistent link: https://www.econbiz.de/10005252771
This Selected Issues paper examines the factors determining housing prices in the United Kingdom. Based on econometric evidence, the paper assesses whether recent housing price increases can be explained by fundamentals or whether they represent a temporary overshooting of housing prices,...
Persistent link: https://www.econbiz.de/10005252805
In 2003, Guinea's macroeconomic management deteriorated significantly, and the prospects for 2003 are uncertain at best. Performance under the 2002–03 poverty reduction and growth facility (PRGF)-supported program is weak. The main challenge is to promote and sustain the strong private...
Persistent link: https://www.econbiz.de/10005252823
. Unemployment has risen, but at 4 percent is low by international standards. Inflation remains negligible and the current account is …
Persistent link: https://www.econbiz.de/10005252940