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1 – 10 of 53The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…
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DOI: 10.1108/OXAN-DB286714
ISSN: 2633-304X
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The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…
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DOI: 10.1108/OXAN-DB285892
ISSN: 2633-304X
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The new leader of the left-wing Syriza party, Stefanos Kasselakis, has until then to establish himself as Greece’s leading oppositionist. He has not been helped by the…
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DOI: 10.1108/OXAN-DB284413
ISSN: 2633-304X
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President Javier Milei, who denounced the bill’s opponents as ‘traitors’, has said he will not bring it back to debate, at least for now. With his December emergency decree also…
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DOI: 10.1108/OXAN-DB285204
ISSN: 2633-304X
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GREECE: 2024 budget marks further distancing from 2010
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DOI: 10.1108/OXAN-ES284090
ISSN: 2633-304X
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Bond markets have responded positively to Milei’s victory, followed by the announcement that he would re-privatise state oil company YPF and other companies, but domestic exchange…
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DOI: 10.1108/OXAN-DB283523
ISSN: 2633-304X
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Although pre-election spending normally militates against a sharp drop in growth in election years, there is little margin for this in a context of low reserves, spiralling…
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DOI: 10.1108/OXAN-DB279852
ISSN: 2633-304X
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A technologically advanced ‘modern’ sector coexists with a ‘traditional’ sector in which productivity is low, technology basic and employment precarious. The government has…
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DOI: 10.1108/OXAN-DB272711
ISSN: 2633-304X
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Prospects for Brazil in 2023.
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DOI: 10.1108/OXAN-DB274214
ISSN: 2633-304X
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For 2023, the market expects a significant slowdown, with growth of around 0.8%. This presents a highly challenging context for President Luiz Inacio Lula da Silva and his finance…