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The key policy challenge for Turkey in the years ahead will be to enhance and consolidate the advances made since the nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union levels. This paper reviews Turkey’s...
Persistent link: https://www.econbiz.de/10005767368
Persistent link: https://www.econbiz.de/10005590873
This Selected Issues paper analyzes Jamaica’s experience of low growth despite consistently high investment rates. It suggests that the link between public debt and productivity is part of the answer to the puzzle. The paper considers Jamaica’s debt management strategy and its...
Persistent link: https://www.econbiz.de/10011244350
How to entrench hard-won gains, increase resilience to shocks, and improve growth performance to reduce poverty? As Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central America’s real, fiscal, monetary, and financial...
Persistent link: https://www.econbiz.de/10005590924
This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55–56 percent. Moreover, the debt dynamics begin changing well before this...
Persistent link: https://www.econbiz.de/10011242217
This 2013 Article IV Consultation highlights that following a sharp downturn in 2009 in the context of the global economic and financial crisis, Slovakia emerged as one of the fastest-growing economies in the European Union, supported in particular by substantial foreign investment in the auto...
Persistent link: https://www.econbiz.de/10011242589
Estonia has succeeded in reducing its macroeconomic imbalances and vulnerabilities, but faces the challenge of preserving its hard-earned fiscal and financial stability and enhancing long-term growth prospects. In this regard, adopting a fully fledged medium-term fiscal framework can help assess...
Persistent link: https://www.econbiz.de/10011245026
Belize’s near-term macroeconomic prospects have improved over the past year. The main risks to growth and financial stability arise from fiscal challenges and deterioration in the global outlook. Despite data limitations that constrain the analysis, the Belize dollar appears broadly in...
Persistent link: https://www.econbiz.de/10011244071
The Belgian economy showed considerable progress through 2011 in terms of both growth and employment. However, the 2013 … Article IV Consultation underlines that the European recession has had a negative impact on its economy, giving rise to … benefit systems with the objective of raising the employment rate to 73 percent by 2020. …
Persistent link: https://www.econbiz.de/10011242474
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823