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New Zealand's 2016 budget will boost fiscal resilience

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NEW ZEALAND

This marks the eighth annual budget since Prime Minster John Key's National Party-led government took office in November 2008. New Zealand's fiscal position has strengthened…

Prospects for Mexico and Central America to end-2016

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PROSPECTS H2 2016

Prospects for Mexico and Central America to end-2016.

Russian budget plans for both resilience and growth

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RUSSIA

The budget earmarks additional funding for a six-year 'national strategy' for growth and development, yet still envisages a surplus in each of the next three years and an…

UK economy should recover fully by end of 2021

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UNITED KINGDOM

The revised forecast reflects the economy’s resilience to the re-imposition of COVID-19 restrictions during January and April this year. The UK economy is expected to return to…

Puerto Rican budget and statehood wrangles will worsen

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PUERTO RICO

Fiscal pressures are causing controversy in Puerto Rico, but so too is fiscal policy-making. On July 5, Governor Ricardo Rossello announced that he would seek a court injunction…

Italy’s next coalition will face fiscal policy hurdles

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ITALY

The Eurosceptic right-wing parties are likely to lead the next government, and there are significant concerns in Brussels and other EU capitals regarding what such a government’s…

Australian budget curbs spending but dodges reform

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AUSTRALIA

This seventh successive monthly increase takes the RBA’s benchmark cash rate to a nine-year high. With inflation now expected to exceed even the more recent RBA forecasts, further…

Tax exposes fiscal challenge facing Italy’s coalition

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ITALY

The measure sent bank stocks tumbling and ignited intense political debate, after which the government partially backtracked. The displays the ad-hoc nature of Meloni's economic…

Lifting COVID-19 measures may hit resilient eastern EU

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EU

Available second-quarter data indicate a shallower recession in most of the eleven eastern EU member states (EU-11) than the rest of the EU in January-June. This may be due to a…

Eastern Europe’s further convergence needs a reset

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EASTERN EUROPE

The Visegrad Four (V4) -- Czechia, Hungary, Poland and Slovakia -- have been widely regarded as an economic success in post-transition European integration, global value-chain…