Publications

Jordan: Challenges Remain to Narrow the Large Twin Deficits

August 29, 2013

The turmoil in the region has aggravated the twin deficits in 2012. The removal of fuel subsidies combined with a surge in grants will narrow the fisc

Jordan: Steady Recovery in a Fragile Regional Environment

August 22, 2013

Economic activity is expected to recover gradually in 2013 and 2014, helped by sizable multilateral and bilateral support in the form of loans and gra

Tanzania: The Promise and Challenge of Gas Discoveries

August 22, 2013

Real GDP growth should remain buoyant, at around 8% in 2013 and 2014. Strong FDI inflows are likely to continue over the medium term. Offshore gas pro

Malaysia: Reelected Government's Policy Priorities

August 22, 2013

After May's narrow election victory, the government is likely to target greater fiscal adjustment in the upcoming budget for 2014, while monetary poli

Romania: Near-Term Stability, Medium-Term Challenges

August 21, 2013

With sharply reduced external imbalances likely to be sustained and government deficit set to remain less than 3% of GDP, near-term risks appear well

Czech Republic: A Cautious Return To Growth

August 19, 2013

Real GDP growth recovered in the second quarter and short-term indicators suggest further firming in the third quarter. Domestic demand remains very w

Colombia: Strengthening the Fiscal Framework

August 15, 2013

Authorities have taken advantage of relatively robust growth and rising oil revenues to strengthen the fiscal framework. The 2011 structural fiscal ru

Morocco: Challenges of Achieving Higher Growth

August 15, 2013

Growth is expected to accelerate from 2.8% in 2012 to 4.4% in 2013 driven by a strong rebound in agricultural output. Nonagricultural growth slowed to

Poland: Fiscal Woes Risk to Undo Pension Reform

August 15, 2013

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

August 14, 2013

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

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