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Days before this announcement, the government asked Congress to approve a primary deficit of up to 96.65 billion reais (some 1.5% of GDP) for this year. The sharp deterioration in…
Whereas developed economies and China have benefited from USD9tn in fiscal stimulus and USD5tn in liquidity, EMs have less scope because they cannot issue local-currency debt…
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DOI: 10.1108/OXAN-DB253864
ISSN: 2633-304X
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Geographic
Topical
The government announced its sovereign debt restructuring proposal on April 16, including a three-year moratorium, and an average haircut of 62% on interest payments (equivalent…
Secular stagnation.
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DOI: 10.1108/OXAN-DB243674
ISSN: 2633-304X
Keywords
Geographic
Topical
Prospects for emerging economies to end-2018.
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DOI: 10.1108/OXAN-DB235729
ISSN: 2633-304X
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Geographic
Topical
Prospects for the global economy in 2023.
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DOI: 10.1108/OXAN-DB274348
ISSN: 2633-304X
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Geographic
Topical
Prospects for the global economy in 2020.
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DOI: 10.1108/OXAN-DB249127
ISSN: 2633-304X
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Geographic
Topical
The bill forecasts a fall in the primary deficit next year, mainly due to an expected drop in COVID-19-related welfare payments. The government also aims to boost public works to…
It has fallen from about 6.50 at end-March and 5.95 at end-2019. There is speculation about a possible balance of payments crisis due to the COVID-19 pandemic, economic…
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DOI: 10.1108/OXAN-DB251995
ISSN: 2633-304X
Keywords
Geographic
Topical
An examination of the factors behind the expansion indicates that outsized balance sheets will persist and will pose a number of macroeconomic risks.