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Morocco: Resilient Financial System, But Faces Challenges

The financial sector has remained resilient, including to the recent financial turmoil in the Euro Area. Progress has been made in adopting internatio

Mexico: Lifting Trend Growth

Sound policies have allowed Mexico to weather increased global volatility and provide policy support to the economy. We forecast real GDP growth to ac

Brazil: Riding the Currency Roller Coaster

Policy has responded aggressively to currency pressures to stem depreciation of the real and contain inflation. Monetary policy has been further tight

Poland: Yield Curve Steepens Amid Gradual Recovery

Financial market pressures have intensified in Poland recently despite a much-improved economic outlook. Real GDP is likely to grow by 2% by the end o

Tanzania: Nonconcessional Funding Adds to Vulnerabilities

Tanzania has gained access to international markets, but rising reliance on nonconcessional funding with a persistent deficit raises concerns. In the

September 2013 Global Economic Monitor

Activity has continued to strengthen in the advanced economies, but differences across the EM world remain prominent. Those EMs that are closely integ

Venezuela: Struggling to Stay Afloat

President Nicolás Maduro is struggling to boost growth and stem inflation. With very limited policy scope, we expect the government to devalue the bo

Five Years After the Crisis

The five years since the global financial crisis has witnessed a striking divergence in performance between advanced economies and the emerging market

Euro Area: High Unemployment Likely to Linger

The good news: Euro Area unemployment fell for the first time in two years in June-July. The bad news: Unemployment is likely to decline only very gra

Nigeria: Fiscal Policy Challenges and Complexities

Despite its substantial oil wealth, Nigeria has recorded federal budget deficits for the past four years. Our projections suggest that the deficit wil
 

 

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