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21 Jul 23
$3bn loan won’t solve existing problems including food dependency
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4 Jul 23
Germany will not see tax rises in 2024 despite finance minister Chrisian Lindner’s insistence on returning the country to its ‘debt brake’ rule needing a €20bn austerity package.
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15 Dec 21
Canada’s high spending during the pandemic has been hailed as the reason for the country’s swift economic recovery from the shock of 2020.
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14 Apr 21
Ecuador’s election winner Guillermo Lasso has said he will revive the country’s struggling economy by eliminating the deficit within his term.
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6 Jan 21
Unprecedented stimulus measures taken by governments to fight the pandemic have changed the public perception of spending and debt, meaning sharp tax hikes or spending cuts would risk popular...
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10 Jul 20
France must look to spending cuts rather than tax increases to help cap public debt during its economic recovery from the pandemic, the country’s central bank head has said.
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29 May 20
Ireland is in a position to avoid implementing post-coronavirus austerity measures to the scale it imposed after the global financial crisis, the country’s fiscal watchdog has said.
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26 Feb 20
French president Emmanuel Macron’s deficit reduction plans have faltered due to deviations from his planned programme of cuts, according to the country’s national audit office.
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24 Jan 20
Donald Trump’s pressure on Mexico to host asylum-seekers after his ‘expedited removal’ of 300,000 immigrants has dashed the country’s hopes of developing a progressive migration policy.
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9 Dec 19
The Jordanian government has used its draft budget to introduce a stimulus package after three years of austerity.
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15 Nov 19
Zimbabwe’s finance minister has unveiled a ZWL$63.6 billion budget aimed at turning the country’s economy around by boosting production and creating jobs.
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14 Feb 19
Tens of thousands of people have taken to the streets in Buenos Aires, Argentina, to protest against high unemployment and utility price hikes.
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4 Jun 18
The prime minister of Jordan has resigned after days of protests against tax rises and austerity measures.
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20 Jun 17
A shift away from strict austerity could help power strong growth across 20 of the world’s key economies, according to Fitch.
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27 Mar 17
Portugal has recorded its lowest deficit in 40 years after halving it in 2016, figures published by the country’s national statistics office last week showed.
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8 Feb 17
The rift over the Greek bailout programme has deepened after the country’s government and European leaders hit back at a “pessimistic” International Monetary Fund report published yesterday.
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15 Dec 16
A constitutional amendment to freeze Brazil’s public spending for 20 years will take effect today, after being approved by parliament earlier this week.
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14 Dec 16
Greeks are unhappier with their lives than citizens in a host of post-communist and less developed nations across Europe and central Asia, according to a survey.
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14 Dec 16
The International Monetary Fund has congratulated Spain on an “impressive” economic recovery.
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13 Dec 16
Claims the International Monetary Fund is demanding more austerity in Greece amount to ‘turning the truth upside down’, the fund has argued.
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15 Nov 16
The Greek economy has clawed its way out of recession for the first time in two years, registering two consecutive quarters of growth.
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9 Nov 16
Thousands of public sector workers have stormed Rio de Janeiro’s state assembly to protest against austerity plans imposed to try to deal with its financial crisis.
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11 Oct 16
Greece is set to receive €2.8bn ($3.1bn) from its European creditors after the country passed a number of required reforms relating to pensions, the energy sector and the privatisation of state...
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23 Sep 16
Anti-austerity policy reversals in Portugal are starting to rewind the country’s fragile economic recovery, according to the International Monetary Fund.
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21 Sep 16
The world economy is set to remain in a “low growth trap”, the OECD has warned in its interim Economic Outlook.