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The staff report for the 2011 Article IV Consultation concluded that a vibrant recovery marked Estonia’s first year in the euro area, albeit amid nascent tensions. The economy’s strong rebound has been grounded in a proven track record of prudent macroeconomic policies. Executive...
Persistent link: https://www.econbiz.de/10011142206
that ended with the global financial crisis. Unemployment soared, the fiscal position deteriorated sharply, and funding … the last seven quarters, unemployment has reached high levels, and financing conditions remain tight for small firms. The …
Persistent link: https://www.econbiz.de/10011242476
concerns. A bold strengthening of labor market reforms is needed to substantially reduce unacceptably high unemployment …
Persistent link: https://www.econbiz.de/10011244001
The Spanish economy suffered an unprecedented double-dip recession with the rising unemployment and public debt …
Persistent link: https://www.econbiz.de/10011245670
This paper discusses Romania’s Request for a Stand-By Arrangement (SBA). Since the 2008 global financial crisis, Romania has made significant progress in reducing macroeconomic imbalances and rebuilding fiscal and financial buffers. However, Romania remains vulnerable to external shocks,...
Persistent link: https://www.econbiz.de/10011245005
New Zealand rode out the global crisis better than most advanced economies, thanks to strong demand from fast-growing Asian markets and the robust Australian economy, a flexible exchange rate, the absence of a banking crisis, and significant and effective policy easing. This 2010 Article IV...
Persistent link: https://www.econbiz.de/10011245482
Mounting funding pressures has tipped Portugal into an acute economic crisis in 2011. The roots of the crisis could be traced to Portugal’s failure to adapt to the rigors of monetary union. With economic institutions, policies, and incentives ill-adapted to the opportunities,...
Persistent link: https://www.econbiz.de/10011245713
The staff report highlights that the economy of Kiribati showed resilience from the global crisis owing to infrastructure projects financed by foreign assistance. Executive Directors stressed the importance of preserving real per capita value of the Revenue Equalization Reserve Fund to ensure...
Persistent link: https://www.econbiz.de/10011244445
been well balanced between external and domestic demand. The labor market is improving but unemployment is still high. Past …
Persistent link: https://www.econbiz.de/10011244264
After the 2009 crisis, policies have improved markedly, backed by substantial foreign assistance. Notably, fiscal adjustment has reduced the large budget imbalance, monetary policy has tamed inflation, and structural reforms have spurred strong export expansion. These reforms led to impressive...
Persistent link: https://www.econbiz.de/10011243820