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Greek banks have shed bad debt but remain vulnerable

Location:

GREECE

Stronger balance sheets will reduce systemic risk in the sector. Efficient financial intermediation by Greek banks is a vital requirement for achieving economic growth targets in…

India’s power firms will struggle to ease their debts

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INDIA

Problem of endemic debt in India's power sector.

Laos’s fiscal improvement efforts will face headwinds

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LAOS

Amid continuing concerns about public spending and debt levels, Laos’s finance ministry in mid-October enacted its largest foreign bond issue yet. An October report by the…

Central-East European banks will weather COVID-19 hit

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EUROPE

Lockdowns to contain the spread of COVID-19 have slowed economic activity. Throughout Central, Eastern and South-eastern Europe (CESEE), there were major portfolio outflows in…

Virus impact will make Bulgaria keener to adopt euro

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BULGARIA

The country’s successful two-month lockdown ended on May 13. Bulgaria has raised its debt ceiling fivefold for this year and plans to sell debt on international markets…

Baltic fiscal prudence will return even with low debt

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BALTIC STATES

Monthly output in Estonia started contracting from June. GDP (adjusted) stagnated in the first quarter of 2022, and contracted quarter-on-quarter in the following two quarters…

India will stick to prudence amid fiscal crisis

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INDIA

Meanwhile, the government is under pressure to raise expenditure to help ease the pandemic-related economic crisis. Delhi is reluctant to borrow more, as an increase in public…

Prospects for the Euro-area in 2021

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PROSPECTS 2021

Its recovery will significantly depend on how quickly the latest measures to combat the spread of COVID-19 can be withdrawn, the speed at which a vaccine can be deployed at scale…

New Uruguay government's COVID-19 boost will not last

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URUGUAY

The contraction preceded the impact of the COVID-19 outbreak. The large inherited fiscal deficit and rising debt-to-GDP ratio are forcing the new government to take unpopular…

Costa Rica’s economy looks set for a strong recovery

Location:

COSTA RICA

GDP posted growth of 9.4% year-on-year in the second quarter, the highest rate in 23 years. According to high-frequency data, economic recovery appears to have continued between…