Hungary 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For Hungary

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498324282
Size: 26.69 MB
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This 2014 Article IV Consultation highlights that Hungary’s economy has emerged from the 2012 recession and posted 1.1 percent growth in 2013, mainly driven by government investment and consumption, and also net exports. Private demand—although strengthening on the back of accommodative monetary conditions and improved market confidence—remained weak, and credit to the retail and corporate sectors continued to contract, albeit at a slowing pace. Hungary’s medium-term growth prospects remain subdued, as private consumption is still hampered by the ongoing repair of households’ balance sheets; the weak business environment continues to weigh on private investment.

Austria 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For Austria

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498311806
Size: 67.50 MB
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KEY ISSUES Context: Austria did not experience a severe boom-bust cycle and came through the crisis relatively well. The main impact was on the banking sector and public debt. With cyclical slack low and the recovery taking hold, this is the time to resolve crisis legacies and address long-standing structural issues. Outlook and risks: The recovery is taking hold, driven by a pick-up in exports. The most acute risks are mainly geopolitical and could in particular lead to financial spillovers. Financial sector policies: Bank restructuring should now be rapidly completed and bad asset disposal accelerated. Large internationally active banks should stand ready for further capital increases, and the EU banking union framework needs to be swiftly transposed at the national level. Public expenditure reforms: More decisive expenditure reforms in key areas such as pensions, health care, subsidies, and fiscal federalism would generate savings that could be used for both an accelerated debt reduction and lower labor taxation. Boosting potential output growth: Enhancing IT adaptation, improving the performance of the education system, facilitating access to financing for innovative start- ups, and reducing administrative barriers for new businesses would raise potential growth and labor productivity.

Republic Of Poland 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Poland

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498351697
Size: 31.38 MB
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This 2014 Article IV Consultation highlights that Poland’s economy is steadily recovering from the 2012–2013 slowdown on the back of Poland’s very strong fundamentals and policies. Real GDP growth moderated to 1.6 percent in 2013 as the slowdown in core euro area countries had knock-on effects on consumer and investor confidence. However, a steady recovery is now under way. The outlook is for a continuing recovery, but external risks remain firmly on the downside. Growth is expected to reach 3.3 percent in 2014 but strong trade and financial linkages with core euro area countries make it vulnerable to growth shocks.

Republic Of Croatia 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Croatia

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484397185
Size: 39.51 MB
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This 2014 Article IV Consultation highlights that Croatia remains stuck in an unusually drawn out recession. In 2013, real GDP contracted for the 5th consecutive year, and stands now at less than 90 percent of the end-2008 level. Unemployment has risen to 17 percent. Domestic demand remains depressed as corporations and households focus on reducing excessive debts accumulated in the 2000s. Exports and foreign direct investment are also feeble. The outlook is for an additional contraction in 2014 of almost 1 percent. Real domestic demand would remain feeble, reflecting both weak private sector demand and fiscal consolidation.

Republic Of Slovenia 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Slovenia

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 148439500X
Size: 70.83 MB
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This 2014 Article IV Consultation highlights that Slovenia is recovering from a deep crisis. Growth is estimated to have reached about 2.6 percent in 2014, supported by strong exports and EU-funded public investment. The financial sector has stabilized following recapitalization of the major banks by the state. Government bonds yields have declined markedly. Growth is projected at about 1.9 and 1.7 percent in 2015 and 2016, respectively, with potential growth well below precrisis levels. Executive Directors welcomed the fact that Slovenia’s economy is recovering and commended the authorities for their efforts to mend the banking system, facilitate corporate debt restructuring, and consolidate the public finances.

South Africa 2014 Article Iv Consultation Staff Report Informational Annex Debt Sustainability Analysis Staff Statement Press Release And Statement By The Executive Director For South Africa

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1475569149
Size: 17.87 MB
Format: PDF
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This 2014 Article IV Consultation highlights that South Africa’s growth has slowed in recent years, specifically relative to other emerging markets. Although weak trading partners’ growth contributed to the slowdown, increasingly binding structural constraints, such as protracted strikes and electricity constraints, have been important factors. Unemployment remains high at 25.5 percent. Notwithstanding expenditure discipline, the general government budget deficit was 4.5 percent of GDP in 2013, and public debt rose to 45 percent of GDP from 27 percent in 2008. The outlook is lackluster with considerable risks. Growth is projected to slow to 1.4 percent in 2014 and rebound only modestly to 2.1 percent in 2015 on improved industrial relations.

Former Yugoslav Republic Of Macedonia 2014 Article Iv Consultation And Third Post Program Monitoring Discussions Staff Report Press Release And Statement By The Executive Director For The Former Yugoslav Republic Of Macedonia

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498359450
Size: 47.20 MB
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Growth accelerated to 3.1 percent in 2013, driven by a positive net exports contribution. The broad policy direction is supportive of near term macroeconomic stability. The key challenge is to transition from stability into an acceleration of medium term growth. Uncertainty with respect to EU accession remains, and weighs on longer term prospects.

Financial Integration In Latin America

Author: Mr.Charles Enoch
Publisher: International Monetary Fund
ISBN: 1475577133
Size: 57.36 MB
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With growth slowing across much of the Latin America as a result of the end of the commodity supercycle and economic rebalancing in China, as well as fragmentation of the international banking system, policies to stimulate growth are needed. This book examines the financial landscapes of seven Latin American economies—Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay—and makes a case for them to pursue regional financial integration. Chapters set out the benefits to the region of financial integration, the barriers to cross-border activity in banks, insurance companies, pension funds, and capital markets, as well as recommendations to address these barriers. Finally, the volume makes the case that regional integration now could be a step toward global integration in the short term.

Exchange Rate Assessments

Author: Jaewoo Lee
Publisher: IMF's Occasional Paper
ISBN:
Size: 10.54 MB
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As part of this mandate, since the mid-1990s the IMF Consultative Group on Exchange Rate Issues (CGER) has provided exchange rate assessments for a number of advanced economies from a multilateral perspective, with the aim of informing the country-specific analysis of the IMF's Article IV staff reports and fostering multilateral consistency. These assessments are additional tools at the disposal of the IMF staff country desks, which are responsible for formulating exchange rate assessments as part of the Fund's bilateral surveillance, another of the IMF's core responsibilities.

Evaluation In Health Promotion

Author: I. Rootman
Publisher: WHO Regional Office Europe
ISBN: 9789289013598
Size: 52.85 MB
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This book is the result of the WHO European Working Group on Health Promotion Evaluation, which examined the current range of qualitative and quantitative evaluation methods to provide guidance to policy-makers and practitioners. It includes an extensive compilation and discussion of the theory, methodologies, and practice of evaluating health promotion initiatives in Europe and the Americas. The book shows how a health promotion approach offers a comprehensive framework for planning and implementing interventions that can effectively address today's major health-related problems. The authors describe how good evaluations assist initiatives in achieving their goals, provide a wealth of guidance on how to undertake them, and call for greater investment in the evaluation of health promotion.