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HUNGARY: Slowdown may upset 2023 budget assumptions
A three-year budget cycle is intended to create predictability after a year in which the initial budget had to be revised as the oil price outlook grew gloomier. Spending cuts are…
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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Geographic
Topical
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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Geographic
Topical
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…
CZECH REPUBLIC: Government may rethink pension reform
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DOI: 10.1108/OXAN-ES276310
ISSN: 2633-304X
Keywords
Geographic
Topical
The federal budget deficit target for 2023, set at RUB2.9tn (USD35.8bn), is likely to be exceeded for the second year in a row. Federal expenditure is showing no signs of slowing…
Poland faces an uncertain second quarter, the economy having slowed to its lowest point since late 2012. Questions are being raised over the outlook for interest rates under new…
The second phase of the government's reform agenda.