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25 Jun 19
Denmark has been praised by the IMF for the consistently strong performance of an economy that prizes social inclusion.
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21 May 19
The Czech government has dismissed concerns about a slowing economy and growing spending commitments and says it will stick to a planned deficit target.
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4 Jan 19
The government of Zimbabwe has started laying off thousands of civil servants from its youth ministry in order to address the country’s finances and lower the public sector wage bill.
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11 Dec 18
French president Emmanuel Macron has promised to increase the minimum wage and cut taxes in response to the violent ‘yellow vest’ protests across the country.
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9 Jun 17
Japan’s government has halved initially optimistic economic growth figures for the first three months of this year, citing newly available data.
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31 May 17
The OECD has urged Japan to improve work prospects for young people, all of whom are needed in a job market that now has the highest ratio of openings to candidates since 1974.
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2 May 17
Tanzania’s president has sacked almost 1,000 civil servants and ordered their salaries for April to be withheld with immediate effect after they were found to have forged school and university...
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17 Mar 17
Kenya’s president took aim at “staggering” civil service salaries in the country in his state of the nation speech to parliament earlier this week.
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9 Jan 17
Minimum wages and pensions are to rise by 50% in Venezuela as part of government attempts to combat runaway inflation.
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20 Dec 16
Australia has increased its fiscal deficit forecasts for the next four years compared to May’s predictions, the most recent mid-year economic forecast has shown.
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18 Nov 16
Hungary will have the lowest corporate tax rate in the European Union from January under plans announced by prime minister Viktor Orban.
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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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10 Oct 16
The International Monetary Fund has slashed its budget deficit projections for oil-exporting countries in the Middle East and North Africa over the next five years, by over $230bn.
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6 Oct 16
The world will need another 69 million teachers if every child is to have the opportunity to go to school by 2030, the United Nations has warned.
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3 Oct 16
High rates of inequality could stifle progress toward ending extreme poverty by 2030, the World Bank has warned.
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27 Sep 16
Saudi Arabia has announced sudden cuts to pay and perks for government employees as the oil-dependent kingdom struggles to balance the books and adjust to low commodity prices.
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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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2 Sep 16
Millions of workers across India are on strike today to protest what they see as anti-labour policies driven by prime minister Narendra Modi.
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18 Aug 16
Many of Zimbabwe’s local councils continue to operate budgets rejected by central government for allocating too much cash to salaries, according to an investigation by the country’s Financial Gazette...
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12 Aug 16
Uganda has slashed more than 5,500 ‘ghost workers’ from its civil service payroll as the country attempts to crack down on endemic graft.
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27 Jul 16
Only three major developed economies saw real-term falls in wages from 2007-15, despite the financial crisis, an analysis has found today.
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19 Jul 16
Cambodia’s economy is projected to continue on a robust growth trajectory, but rapidly expanding credit is the biggest threat to the outlook, the International Monetary Fund said yesterday.
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6 Jul 16
Citizens across Zimbabwe have “shut down” the country today in response to a call to stay at home in protest against cash shortages and corruption.
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20 Jun 16
Jamaica has secured the release of a further $80m from the International Monetary Fund after “exceptional” economic reforms, the IMF announced on Friday.
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16 May 16
Tanzania has slashed 10,000 “ghost workers” from its public sector payroll, saving government coffers more than $2m a month.