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-2020, economic activity started recovering in 2020H2 in the wake of ample policy stimulus. Inflation remains near the … policy target, with inflation expectations anchored, and the current account balance has improved amid a sharp drop in … the inflation-targeting framework, respectively. Beyond the pandemic-related risks, there is uncertainty stemming from a …
Persistent link: https://www.econbiz.de/10012517702
With strong policy support, Finland suffered a relatively mild economic contraction in 2020 followed by a swift recovery in 2021. Medium-term growth prospects are less strong, due to adverse demographics and low productivity growth-trends that precede the pandemic. Public debt has increased due...
Persistent link: https://www.econbiz.de/10013169132
Barbados has made good progress in implementing its Economic Recovery and Transformation (BERT) plan to restore fiscal and debt sustainability, rebuild reserves, and increase growth. International reserves have increased to USD 1.3 billion at end-March 2021, supported by IFI loans. This, and a...
Persistent link: https://www.econbiz.de/10012604187
The pandemic dealt a severe blow to the Italian people and their economy. GDP fell by nearly 9 percent in 2020, with much larger drops for contact-intensive services. Public and corporate debt increased strongly and preexisting vulnerabilities have likely worsened. The government is prioritizing...
Persistent link: https://www.econbiz.de/10012604038
the youth. Core inflation, at 0.7 percent y-o-y in September, is subdued, despite higher fuel prices, reflecting a slow …
Persistent link: https://www.econbiz.de/10013169224
pre-existing economic and financial vulnerabilities. Higher inflation, increased dollarization, and a large shift in the …
Persistent link: https://www.econbiz.de/10012604055
a while. However, inflation-despite increasing significantly in recent months due to transitory factors-is projected to … moderate during 2022 and remain below the ECB's inflation target over the medium term. Uncertainty surrounding the outlook …
Persistent link: https://www.econbiz.de/10013169107
Among EU countries, Romania suffered a relatively shallow recession in the COVID-19 crisis, aided by macroeconomic easing. A strong recovery is projected in 2021. The new government is committed to balance continued pandemic-related support with the start of a medium-term fiscal consolidation...
Persistent link: https://www.econbiz.de/10012697857
Belize has been hit hard by the COVID-19 pandemic, which led to a deep recession and worsened fiscal and external positions from already weak levels. The opposition People's United Party won the November 2020 elections by a wide margin, which gives the new government a unique opportunity to jump...
Persistent link: https://www.econbiz.de/10012604044
private sector led investment. Employment has recovered to above pre-crisis levels and unemployment is virtually stable …. Inflation is increasing, mainly driven by a rise in energy prices but also due to supply-chain disruptions. The public deficit …
Persistent link: https://www.econbiz.de/10013169161