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The economic effects were immediate: a sharp outflow of portfolio capital, which generated exchange rate devaluation of 27.3% in three months; a contraction in GDP, driven down by…
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…
The target is associated with reaching GDP of USD30tn, compared with less than USD4tn currently. Modi, in power since 2014, appears on course to win a third straight term.
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DOI: 10.1108/OXAN-DB287104
ISSN: 2633-304X
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Topical
Prospects for Argentina in 2022.
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DOI: 10.1108/OXAN-DB265587
ISSN: 2633-304X
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Geographic
Topical
Days before this announcement, the government asked Congress to approve a primary deficit of up to 96.65 billion reais (some 1.5% of GDP) for this year. The sharp deterioration in…
Through a much-tightened budget, the outgoing centre-right government of President Sebastian Pinera is attempting to set Chile on a post-pandemic course back to fiscal…
The economy is at a crossroads: high unemployment and increasing poverty are generating pressures for greater income transfers, but the delicate fiscal position is generating…
However, while US policies are a pull-factor for migrants, recent domestic problems also provide powerful reasons to leave Cuba, which has fallen into the worst economic crisis…
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DOI: 10.1108/OXAN-DB212881
ISSN: 2633-304X
Keywords
Geographic
Topical
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…
President Jair Bolsonaro on February 19 announced the change on Twitter. There was major market turmoil, as investors interpreted it as a sign that Bolsonaro was abandoning the…