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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

Turkey: Growth Set to Slow as Confidence Weakens

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

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

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



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