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Poland: Fiscal Woes Risk to Undo Pension Reform

With the fiscal deficit set to widen to 4.5% of GDP this year, the government has proposed another downsizing of the funded pension pillar. The propos

Philippines: Financial Market Fundamentals Favorable

The restoration of macroeconomic balance has helped insulate domestic conditions from recurring global financial turmoil and volatile capital flows. T

Russia: Weak Growth Likely to Persist Over the Medium Term

Real GDP growth stalled in 2013, alongside high inflation, and a narrowing current account surplus, suggesting that the economy is operating near its

Brazil: That Elusive Little Thing Called Confidence

Confidence has weakened under the weight of sluggish growth, increased political uncertainty and policy inconsistency. Confidence erosion augurs that

Chile: A Tricky Electoral Reform

Popular discontent with the political establishment has increased pressure to reform the electoral system. Both the government and opposition have adv

Argentina: Rising Balance-of-Payments Pressures

Draconian controls on foreign exchange outflows have failed to ease strains on external accounts. International reserves have declined and underlying

Indonesia: Corrective Macroeconomic Policies

The belated hike in administered domestic fuel prices and monetary tightening should help foster the correction of macroeconomic imbalances and bolste

July/August 2013 Global Economic Monitor

The projected acceleration in global GDP growth is broadly on track as we enter 2013H2. This is primarily due to a pick-up in momentum in the mature e

Emerging Markets Bank Lending Conditions Survey - 2013Q2

The IIF's Emerging Markets Bank Lending Conditions Index fell for the first time since 2011Q4 and stood slightly below the 50 mark in 2013Q2, suggesti

Hungary: Financing Risks Likely to Remain Substantial

Risks of a sudden outflow appear contained at present given still high nominal forint yields, the prevalence of a few large institutional investors an


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