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Publications
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
Russia: Weak Growth Likely to Persist Over the Medium Term
August 13, 2013
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
August 13, 2013
Confidence has weakened under the weight of sluggish growth, increased political uncertainty and policy inconsistency. Confidence erosion augurs that
Chile: A Tricky Electoral Reform
August 7, 2013
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
August 5, 2013
Draconian controls on foreign exchange outflows have failed to ease strains on external accounts. International reserves have declined and underlying
Indonesia: Corrective Macroeconomic Policies
August 5, 2013
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
August 1, 2013
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
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