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Prospects for the global economy in 2018

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PROSPECTS 2018

PROSPECTS 2018: Global economy

Greek coalition will start to fray in late 2018

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GREECE

The coalition government of left-wing Syriza and right-wing nationalist Independent Greeks (Anel) significantly lags behind the conservative opposition New Democracy (ND) party in…

Italy could be heading for a deeper recession

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ITALY

Italy's economy.

Australian central bank holds rate as growth slips

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AUSTRALIA

The RBA has cut its growth forecasts amid rising job losses, weakening demand and increasing signs that the latest COVID-19 lockdowns will continue to slow the economy until the…

Virus second wave will derail Greek budget forecasts

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GREECE

The official baseline is for an 8.2% GDP contraction in 2020, and a 7.5% rebound in 2021. It took into account moderate restrictions on movement in winter 2020/21, but the…

Italy is likely to go back to the polls in September

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ITALY

Coalition negotiations have been transformed from a policy battle between parties into a constitutional clash between the parties and the president.

Kazakh fiscal buffers soften oil and COVID-19 blows

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KAZAKHSTAN

The projected fiscal deficit of 3.5% of GDP assumes a forecast 2.1% economic contraction this year. The authorities have used their ample fiscal space and large sovereign wealth…

Greece has reserves to help economy fight virus impact

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GREECE

This is one of several temporary ECB measures against tightening liquidity in the euro-area due to the coronavirus pandemic which in Greece has cut official GDP forecasts…

The ECB will be slow to expand unconventional policy

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EU

While the Governing Council is divided over the issue, President Christine Lagarde appears to favour more active fiscal policy by member states to stabilise the European economy.

Pakistan will have to rely more on IMF

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PAKISTAN

Pakistan's economic woes.