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Persistent link: https://www.econbiz.de/10015060352
This Selected Issues paper focuses on the impact and policy support to households, evidence from micro-level data in Greece. The Greek government has provided substantial support to households and enterprises to cope with the high cost of living in 2022-2023. This paper leverages on the rich...
Persistent link: https://www.econbiz.de/10015058733
Persistent link: https://www.econbiz.de/10015060620
This paper discusses Bosnia and Herzegovina’s Third Review Under the Stand-By Arrangement and Request for Waiver of Applicability of a Performance Criterion. Financial sector indicators through end-March 2013 suggest that the banking system remains profitable and adequately capitalized at...
Persistent link: https://www.econbiz.de/10011244352
This Selected Issues paper analyzes the fiscal strength of the economy of the Czech Republic. Fiscal policy in the Czech Republic has shown a procyclical bias temporarily interrupted during the crisis years. The large stimulus implemented has been more than compensated by a frontloaded...
Persistent link: https://www.econbiz.de/10011245000
This 2013 Article IV Consultation highlights that the Czech economy, despite its strong fundamentals, is in the midst of a prolonged recession because of the euro area slump and weak domestic demand. A further slowdown in the euro area would exacerbate the situation, creating the risk of lower...
Persistent link: https://www.econbiz.de/10011243192
This Selected Issues paper highlights impact of high-energy prices on Germany's potential output. The surge in energy … nonenergy intensive sector's industrial production has remained resilient. Permanently higher energy prices could reduce Germany …. Some decline in Germany's potential output level because of higher energy prices is likely unavoidable. However, good …
Persistent link: https://www.econbiz.de/10015059237
This 2023 Article IV Consultation discusses that the German economy has demonstrated resilience following the shut-off of Russian gas supply in the year 2022. The energy shock and tightening financial conditions are expected to keep annual gross domestic product (GDP) growth slightly negative in...
Persistent link: https://www.econbiz.de/10015059238
German bank profitability is low by international standards. Although German banks rank more favorably in risk-adjusted terms, as low profitability is partially compensated by lower volatility of returns, their profitability ratios remain low. On other measures (such as returns on assets,...
Persistent link: https://www.econbiz.de/10015060177
, strong public and private sector balance sheets, and unprecedented public and ECB support. Immediate risks to Germany …
Persistent link: https://www.econbiz.de/10015060178