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Home
Publications
Euro Area: High Unemployment Likely to Linger
September 5, 2013
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
September 5, 2013
Despite its substantial oil wealth, Nigeria has recorded federal budget deficits for the past four years. Our projections suggest that the deficit wil
Turkey: Growth Set to Slow as Confidence Weakens
September 3, 2013
Large macroeconomic imbalances and increased political tensions have left Turkey among the hardest hit emerging markets as global market sentiment wor
Argentina: A Never Ending Saga
September 3, 2013
The U.S. Court of Appeals has reaffirmed the verdict of a lower court regarding payment to holdout creditors. It has, however, stayed its ruling pendi
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
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