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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.
ARGENTINA: Inflation slows but recession will linger
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
Central-East European (CEE) economies grow faster than most in good times but are more vulnerable in bad times, lacking the political and financial capital and competences to…
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DOI: 10.1108/OXAN-DB274456
ISSN: 2633-304X
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The government proposes a moderate increase in spending, largely funded by better-than-expected GDP growth. Rome has committed to the previous government's fiscal consolidation…
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DOI: 10.1108/OXAN-DB274534
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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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…
Economic outlook for Switzerland.
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DOI: 10.1108/OXAN-DB234072
ISSN: 2633-304X
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Geographic
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In order to receive new IMF lending, the budget also introduces big gas price rises, and increases defence spending. Meanwhile, the hryvnia's disastrous February weakening…