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This paper focuses on euro area policies. The monetary policy stance remains appropriate for now. Fiscal policies are falling well short of consolidation requirements, and the area remains insufficiently prepared for the looming demographic shock. Past fiscal policy failures, notably...
Persistent link: https://www.econbiz.de/10005599011
yen. Inflation expectations have started to increase, and actual inflation recorded positive growth in June. The near …
Persistent link: https://www.econbiz.de/10011244552
In den USA entsprach die konjunkturelle Verlangsamung im vergangenen Jahr der Strategie des "Soft Landing". Dank des … Geldpolitik auszuwirken. Nach 1,5 % 1996 dürfte das reale BIP 1997 um etwa 3 % expandieren. …
Persistent link: https://www.econbiz.de/10005055837
Nach den Meldungen der rund 500 Experten aus 65 Ländern, die sich im Oktober 1994 am "ifo Konjunkturtest international" beteiligten, hat sich das Weltwirtschaftsklima erneut aufhehellt. Die Prognosen der mittelfristigen Entwicklung des realen Bruttoinlandsprodukts, die jeweils im Herbst erhoben...
Persistent link: https://www.econbiz.de/10005056200
inflation. The authorities need to take steps to encourage foreign direct investment, to make good on their plans for …
Persistent link: https://www.econbiz.de/10005824909
Honduras’s Third Review under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria are discussed. The current stance of monetary and exchange rate policies are broadly appropriate, and financial sector reforms are proceeding. Progress...
Persistent link: https://www.econbiz.de/10005824978
This 2004 Article IV Consultation highlights that during the first four years of the Third Five-Year Development Plan (2000/01–2003/04), Iran’s real GDP grew by 5.6 percent on average. The external current account was in surplus, external debt was reduced to a very low level,...
Persistent link: https://www.econbiz.de/10005825308
This 2004 Article IV Consultation highlights that Israel’s economic recovery is under way after a prolonged recession. Growth is being supported by more favorable global economic conditions, an improvement in the security situation, and appropriate policies, which have included tightening...
Persistent link: https://www.econbiz.de/10005825350
3 percent. Recent indicators suggest that activity has continued to strengthen in 2004. During 2003, inflation … inflation. IMF staff projects that the economic recovery will gain momentum with GNP growth of 4½ percent in 2004, accelerating … slightly to 5 percent in 2005. Core inflation is forecast to stay close to 2 percent. …
Persistent link: https://www.econbiz.de/10005825386