Showing 91 - 100 of 30,084
The key findings of the Czech Republic’s 2010 Article IV Consultation are discussed. Large foreign direct investment inflows fostered trade integration, underpinning an export-led expansion. Higher initial standard of living contained consumption convergence pressures. An improved fiscal...
Persistent link: https://www.econbiz.de/10011244199
This 2006 Article IV Consultation highlights that Italy’s economy is enjoying a broad-based, if comparatively modest, cyclical upswing. Output is estimated to have grown by 1¾ percent in 2006—the strongest pace since the beginning of the decade. Inflation is close to that of the...
Persistent link: https://www.econbiz.de/10011244216
An externally driven economic recovery has continued gathering strength in 2010 in Luxembourg. Executive Directors welcomed this development and the authorities’ supportive fiscal policy in 2010 as well as their role in stabilizing the financial sector. According to the Financial Sector...
Persistent link: https://www.econbiz.de/10011244241
The economic development of Hungary after the economic crisis is discussed. Hungary’s economic program supported by Stand-By Arrangement has been successful in strengthening the economy and stabilizing market conditions. Given Hungary’s high public debt and large financing needs,...
Persistent link: https://www.econbiz.de/10011244270
The recent crisis and interest rate declines have put the financial sustainability of the Dutch occupational pension … option inherent in the pension contracts. Adding to the strain on the pension funds is an unexpected increment in the … longevity of the Dutch population. The transparency and risk-sensitive framework of pension funds regulation has brought the …
Persistent link: https://www.econbiz.de/10011244315
This 2012 Article IV Consultation highlights that economic growth in Luxembourg slowed in 2011 amid the euro area sovereign debt crisis. Reflecting sluggish external demand, economic activity is expected to further weaken, with growth projected to decline to ½ percent in 2012. Executive...
Persistent link: https://www.econbiz.de/10011244379
The paper focuses on the workings of the Medium-Term Development Program (MTDP) of the Kyrgyz Republic. Raising living standards as well as taking measures for reducing poverty have been cited as the main priority areas of the strategy, and the measures to be undertaken to bring about...
Persistent link: https://www.econbiz.de/10011244782
The global crisis had a severe impact on the Italian economy despite elements of strength such as high private savings, low private indebtedness, and a resilient financial system. Executive Directors decided that the public sector wage bill should remain a key element of the consolidation...
Persistent link: https://www.econbiz.de/10011244911
Portugal’s economic adjustment has continued, but the contraction in output has been milder than expected. The 2012 outlook for Europe has deteriorated substantially, with growth revised down by 1¼ percentage points relative to spring forecasts. Substantially higher capital...
Persistent link: https://www.econbiz.de/10011245172
The recession is unfolding in line with expectations. Inflation is higher than expected from indirect tax hikes. The key challenges remain restoring fiscal sustainability, safeguarding financial sector stability, and boosting competitiveness—and hence growth and employment. Staff and...
Persistent link: https://www.econbiz.de/10011245235