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ARGENTINA: Inflation slows but recession will linger
ARGENTINA: Spending cuts prompt international concerns
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DOI: 10.1108/OXAN-ES285736
ISSN: 2633-304X
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However, it now anticipates that the contraction will be 1.0%, down from a previous forecast of 1.5%. This is in line with recent Chilean Central Bank forecasts of a…
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DOI: 10.1108/OXAN-DB278370
ISSN: 2633-304X
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Fiscal adjustment was mainly driven by the fall in primary expenditure implemented by Economy Minister Sergio Massa in the second half of the year. This strengthened his position…
UKRAINE: Further IMF lending requires hard reforms
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DOI: 10.1108/OXAN-ES213637
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB198042
ISSN: 2633-304X
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GREECE: Anti-reform dissent will test government
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DOI: 10.1108/OXAN-ES206125
ISSN: 2633-304X
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The left-right coalition that governed in January-August has been reconstituted with a reduced parliamentary majority. It is ostensibly committed to the reform programme…
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DOI: 10.1108/OXAN-DB205763
ISSN: 2633-304X
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IRAQ: Fiscal crunch risks a new political crisis
The government, with half an eye on a snap election, is determined not to accede to prolonged austerity without the trade-off of significant debt relief. Timing is all. The…