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28 Jan 22
Honduras must restructure its debts if it is to afford servicing costs, according to new Honduras president Xiomara Castro at her swearing-in ceremony, but a minister has since taken a more moderate...
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28 Jan 22
A revolution in economic research methodology has been rewarded by Nobel Prize judges. How could work on ‘natural experiments’ help the public sector?
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25 Jan 22
Lebanon’s elite have caused “long-lasting scars” on the country’s economy by causing a protracted political and economic crisis, according to a highly critical World Bank report.
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24 Jan 22
The world’s debt crisis has been tipped to worsen as a result of the interest rate hikes projected for 2022.
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21 Jan 22
The world economy is recovering more slowly than many expected as problems associated with Covid-19 continue to bite, the head of the International Monetary Fund has said.
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17 Jan 22
Greek over-60s who choose not to receive a Covid-19 vaccine are set to be fined, with the money going to fund hospitals.
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13 Jan 22
Global growth is slowing amid renewed waves of Covid-19 cases and high inflation, the World Bank’s latest Global Economic Prospects report has warned.
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10 Jan 22
Policymakers in emerging economies will need to let their currencies depreciate and raise interest rates in response to US Federal Reserve monetary policy tightening, International Monetary Fund...
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5 Jan 22
France’s central bank chief has predicted inflation will decrease during 2022 and European central banks will be able to unwind monetary policy support they set up amid Covid-19.
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4 Jan 22
Germany’s new coalition government will give people and businesses “well over €30bn” of tax breaks while keeping the country tied to fiscal balance, its finance minister has said.
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23 Dec 21
The International Monetary Fund’s $57bn agreement with Argentina failed to deal with the country’s structural problems, an internal investigation has found.
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21 Dec 21
Canada’s decision to implement its digital services tax in 2024 if global reforms stutter has concerned the US administration, which has threatened to look again at its trade agreements with its...
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21 Dec 21
The European Central Bank has decided to still allow itself to purchase Greek government bonds even after it stops net asset-buying next year.
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16 Dec 21
Worldwide debt rose to 256% of GDP in 2020 according to new statistics released by the International Monetary Fund.
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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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10 Dec 21
Age-related costs to public finances could cause public debt-to-GDP ratios to rise by 140% in the next few decades if governments do not implement reforms to dull the impact of rising life...
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9 Dec 21
A behind-the-scenes process to tweak how GDP is calculated could blunt the measure’s ability to harm the environment.
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8 Dec 21
State and central banks across the globe are becoming nervous that rising inflationary pressures could trigger rates action next year, according to ratings agency Fitch.
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7 Dec 21
Private capital is vital to meeting a global demand for sustainable infrastructure that cannot be tackled by the public sector alone.
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6 Dec 21
The level of financial support for businesses and households through Covid-19 reduced the impact of lost tax income compared with the 2008 financial crisis, according to the OECD.
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3 Dec 21
Turkey’s finance minister has left his job in the midst of a sharply declining lira and steadfastly high inflation, and will be replaced by his deputy who one week ago defended the country’s...
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2 Dec 21
The new Honduran president has come to power with the promise to revamp the Central American country’s struggling economy by increasing the size and reach of the state.
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1 Dec 21
The European Union hopes to mobilise €300bn of infrastructure investment around the world, rivalling China’s massive Belt and Road initiative whose momentum has slowed.
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30 Nov 21
The Australian government brought forward next year’s budget by two months in a move suggesting it will call an election in May, right at the end of its term limit.
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30 Nov 21
The world’s local and regional governments will need to return their focus to issues that long predate Covid-19 as they look to shore up their post-pandemic finances, write S&P Global Ratings’...