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In this study, the stability of the economy of the Netherlands is overviewed. Bank profitability has recovered. The housing and mortgage markets are relatively stable, although vulnerabilities to household balance sheets are rising. The results of stress tests in the context of the Financial...
Persistent link: https://www.econbiz.de/10011245266
This Selected Issues paper on the Republic of Korea reviews near-term economic prospects and risks. Korea experiences solid growth with low inflation, and vulnerabilities to potential shocks appear low. With Korea aging at an almost unprecedented rate, spending on pensions, health, and long-term...
Persistent link: https://www.econbiz.de/10011245268
The composition of short-term and medium-term adjustment measures will facilitate sufficient short-term adjustment flexibility, and be consistent with medium-term fiscal sustainability. Improving debt resolution instruments will help the banks to regain confidence in lending. Meanwhile, there is...
Persistent link: https://www.econbiz.de/10011245275
This Selected Issues paper on the Republic of Moldova was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on September 17, 2012....
Persistent link: https://www.econbiz.de/10011245287
Japan has a universal public pension system. Social security spending is a key fiscal policy challenge in Japan. The … 2004 pension reforms have increased the ratio of the government subsidy to the basic pension benefit. Three reform measures … are necessary to improve pension finances: an increase in pension eligibility age, a reduction in the pension benefit, and …
Persistent link: https://www.econbiz.de/10011245302
Luxembourg’s 2006 Article IV Consultation reports that the dominant financial sector has supported a steady rebound in economic activity. Growth is projected to remain healthy in the near term, but trend growth may decline as the rapid financial sector expansion may decelerate. The...
Persistent link: https://www.econbiz.de/10011245377
. The authorities agreed that fiscal consolidation including pension, health care, and financial management is essential for …
Persistent link: https://www.econbiz.de/10011245562
The economic growth of Moldova continued to be strong during the Economic Growth and Poverty Reduction Strategy Paper (EGPRSP) implementation period despite external shocks. Macroeconomic management remained prudent in reducing public external debt. The government has approved National...
Persistent link: https://www.econbiz.de/10011245702
The Greek economy is teetering owing to heavy public debt and loss of market access. Greece is adopting an ambitious comprehensive multiyear adjustment program to lower the fiscal deficit and the debt ratio, reduce domestic demand in line with capacity, and increase supply and competitiveness so...
Persistent link: https://www.econbiz.de/10011245773
The Netherlands showed economic recovery, supported by strong polices, public finances, and structural reforms. Executive Directors commended the strong fiscal framework and agreed that it meets the good practice standards according to the reports on the observance of standards and codes. They...
Persistent link: https://www.econbiz.de/10011245780