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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.
Faced with the diminution of foreign currency reserves, the government has taken steps to encourage exporters to repatriate the dollars they earn abroad and place them within the…
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DOI: 10.1108/OXAN-DB286561
ISSN: 2633-304X
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Geographic
Topical
The figures also indicate that the imbalances created by pandemic-related injections of liquidity in 2000 and 2021 have largely been corrected.
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DOI: 10.1108/OXAN-DB286625
ISSN: 2633-304X
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Geographic
Topical
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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President Nayib Bukele is highly popular, having implemented hard-line security policies that have reduced murder rates dramatically. He was re-elected in February by a landslide…
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DOI: 10.1108/OXAN-DB286620
ISSN: 2633-304X
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Geographic
Topical
Price hikes for petrol, electricity, water and gas are among several adjustment measures that will drive up living costs, compounding already high inflation. Meanwhile…
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DOI: 10.1108/OXAN-DB285006
ISSN: 2633-304X
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Geographic
Topical
The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…
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DOI: 10.1108/OXAN-DB284724
ISSN: 2633-304X
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However, problems with the count have delayed an official result. Bukele, who has already served nearly a full term as president, circumvented a constitutional ban on re-election…
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DOI: 10.1108/OXAN-DB285141
ISSN: 2633-304X
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The Massa-Milei run-off was widely expected but the result of the October 22 first round was less so, with Massa receiving 36.7% of the vote to nearly 30.0% for Milei. Much will…
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DOI: 10.1108/OXAN-DB282875
ISSN: 2633-304X
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Geographic
Topical
The move followed a sweeping decree issued on December 20 to reform or eliminate some 300 laws governing economic, labour and social issues, and which has already prompted…