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Prospects for the global economy in 2016

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PROSPECTS 2016

Prospects for the global economy in 2016.

Even if politicians deal, Lebanon faces a bleak future

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LEBANON

The audit and wider structural economic reforms are preconditions for urgently needed foreign aid. Economic conditions in Lebanon are still worsening, with power cuts, food…

Economic demise set to continue, but farming is a hope

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UKRAINE

The hryvnia crisis, which has seen the currency's value plummet, has deepened. However, as reported by Reuters, the NBU decision was suddenly reversed following heavy criticism…

Argentina's 2021 budget bill highlights uncertainties

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ARGENTINA

The bill forecasts a fall in the primary deficit next year, mainly due to an expected drop in COVID-19-related welfare payments. The government also aims to boost public works to…

Risk of Greek euro exit has risen but is still small

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GREECE

The prospects for Greek departure from the euro-area.

Smaller trade surplus will keep ruble low this year

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RUSSIA

Pronounced ruble depreciation this year attests to the efficacy of sanctions in disrupting Russia’s external trade. The weaker ruble has already provoked a spike in household…

Opposition splits may favour Argentina budget bill

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ARGENTINA

Economy Minister Nicolas Dujovne presented a bleak draft 2019 budget to Congress on September 17, overshadowed by the announcement that a federal judge had charged former…

Angolan economy set for further tightening

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ANGOLA

The Fund now expects economic growth to flat-line this year against the 2.5% growth forecast made just six months ago; inflation is now expected to reach 45.0% by year-end…

Global rebalancing to support sustainable growth

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INTERNATIONAL

Risks to its central scenario are more balanced and less skewed to the downside. Global imbalances are shrinking, partly thanks to low oil prices. This is boosting disposable…

Price protests may not bring down Azerbaijani regime

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AZERBAIJAN

Authorities took too long to adjust the exchange-rate regime under pressure from falling oil prices, wasting resources that could have been used to shore up the banking sector…