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The budget deficit is increasing markedly and will probably top 6% of GDP in 2024 -- the highest level since the late 1980s -- while economic growth remains in the 2-3% range.
Their economic proposals are intended to impress voters but seem largely uncosted and risk generating unrealistic expectations of the winner. Polling points to a clear victory for…
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DOI: 10.1108/OXAN-DB287016
ISSN: 2633-304X
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POLAND: October elections will drive budget plans
CZECH REPUBLIC: Government is losing popularity
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DOI: 10.1108/OXAN-ES278869
ISSN: 2633-304X
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The severe drought’s impact on export earnings has fuelled fears of devaluation, increasing exchange pressures and forcing the government to implement further domestic debt swaps…
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DOI: 10.1108/OXAN-DB278451
ISSN: 2633-304X
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Lacalle Pou’s pension reform has passed the Senate, educational reforms are under way and he is pushing infrastructure works. However, the opposition Frente Amplio (Broad Front…
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DOI: 10.1108/OXAN-DB275530
ISSN: 2633-304X
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A three-year budget cycle is intended to create predictability after a year in which the initial budget had to be revised as the oil price outlook grew gloomier. Spending cuts are…
Scottish independence drive.
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DOI: 10.1108/OXAN-DB243778
ISSN: 2633-304X
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At the same time, a new Central Bank report suggests that, despite a sharp liquidity-driven economic rebound this year, the country faces a lean medium-term outlook.
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DOI: 10.1108/OXAN-DB262200
ISSN: 2633-304X
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The NBP’s March Inflation Report lowers its forecast for average CPI significantly to 1.7%, from 3.2% in its November forecast; GDP is to grow by 4.0% (November: 3.6%). Outside…