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This 2004 Article IV Consultation highlights that Israel’s economic recovery is under way after a prolonged recession. Growth is being supported by more favorable global economic conditions, an improvement in the security situation, and appropriate policies, which have included tightening...
Persistent link: https://www.econbiz.de/10005825350
Barbados' economy continued to grow, but macroeconomic imbalances worsened. Executive Directors observed that the imbalances are owed to a procyclical fiscal stance, and advised to tighten monetary policy and safeguard the fixed exchange rate regime as an anchor of macroeconomic stability. They...
Persistent link: https://www.econbiz.de/10010790445
This paper discusses Colombia’s 2005 Article IV Consultation, Fourth Review Under the Stand-By Arrangement (SBA), and Requests for Waiver of Nonobservance of Performance Criteria. Real economic growth in Colombia recovered to 4 percent a year in 2003–04. The national unemployment...
Persistent link: https://www.econbiz.de/10005591197
declined to 2.3 percent, with falling tourist arrivals and weakening consumer and business confidence. Inflation has risen to 2 ….9 percent year-over-year in December on account of indirect tax increases, but core inflation remains low. The current account …
Persistent link: https://www.econbiz.de/10005591321
Jamaica faced intense macroeconomic imbalances that threatened its macroeconomic stability. Executive Directors emphasized the need for credible policy actions and strong fiscal adjustment to reduce imbalances and lower vulnerability. They welcomed the strong fiscal adjustment in the budget and...
Persistent link: https://www.econbiz.de/10005591719
, mainly owing to far-reaching macroeconomic and structural reforms. Despite negative shocks, growth has been robust, inflation … large private capital inflows. Average inflation was 6.3 percent, stemming mainly from fuel and imported food price …
Persistent link: https://www.econbiz.de/10011243039
vulnerabilities and higher inflation. Sharply higher world fuel and food prices led to a marked widening of the fiscal and external … current account deficits and, more recently, a jump in inflation. Economic prospects remain broadly favorable, though the …
Persistent link: https://www.econbiz.de/10011243656
remains strong. Growth is robust, core inflation is contained, the current account deficit is narrowing, reserves are … Jordanian economy as strong, including on growth, inflation, and the current account. …
Persistent link: https://www.econbiz.de/10011243803
This paper discusses key findings of the Fifth Review Under the Stand-By Arrangement for Georgia. The 2010 program sets out a viable exit strategy from official external support, permitting the Georgian authorities to return to capital markets ahead of their large debt rollover needs in...
Persistent link: https://www.econbiz.de/10011243867
This 2009 Article IV Consultation highlights that against a backdrop of a highly uncertain global economic environment, Mozambique’s macroeconomic prospects remain positive, but have weakened. The scope for supportive macroeconomic policies to offset the impact of the global economic...
Persistent link: https://www.econbiz.de/10011244012