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fiscal consolidation
Articles related to fiscal consolidation
UK Autumn Budget: Fiscal Credibility, Gilt Risk Premiums, and the Role of Foreign Investors
The UK government's budget announcement will need to show fiscal discipline to satisfy gilt investors, and while our baseline sees enough credibility to nudge the risk premium in gilt yields lower, we are well aware of significant upside risks too. Foreign gilt investors are relatively important and could even gain in importance in the future
Romania: NBR Maintains Dovish Bias Despite Higher Inflation Forecasts
At a calm press briefing, the National Bank of Romania unveiled its November Inflation Report, announcing upward revisions to its inflation trajectory. The overall message conveyed stability, indicating that the Bank remains on a steady course despite the higher projections
Belgium Faces Urgent Fiscal Reckoning as Deficit Surges Beyond 5% of GDP
After years of unchecked budgetary slippage, Belgium’s federal government is now attempting to launch its most ambitious fiscal consolidation effort since the 1990s. The signal is clear: it’s time for action. Yet, despite the urgency, a rapid stabilisation of the debt ratio remains unlikely
Macron’s Political Resolve Faces Market Test as Foreign Investors Shape French Bond Volatility
Recent headlines from France offer cautious optimism, with markets showing unexpected resilience despite domestic turmoil and broader uncertainties like the US shutdown. In European bonds, recouping the foreign investor shares after QE is not yet complete, although it can be a source of volatility
Japan Needs Permanent Fiscal Expansion to Break Deflationary Trap and Revive Investment
Until the corporate savings rate attains a normal negative level and structural deflationary pressures are eliminated, the policy mix of monetary and fiscal policies should maintain the expanding power of the Japanese economy. The increased predictability of firms’ sustained nominal GDP expansion would cause firms to shift their management strategies from cost cutting to investment.
CEE Region's Borrowing Outlook: Lower Needs, Broader Sources, and FX Market Dynamics
Charting Paths: 2024 Economic Outlook for Central and Eastern Europe and Central Asia - 12.12.2023
Charting Paths: 2024 Economic Outlook for Central and Eastern Europe and Central Asia
Romania's Economic Growth Slows in Q2, Leading to Lower 2023 Forecasts
EUR/JPY: Navigating a Soft Landing and Potential Risks
Challenges Ahead for Belgian Economy as Ambitions Are Scaled Back
Spanish Elections and Growth Outlook: Limited Impact Expected
Scaling Back Ambitions: Challenges for Belgian Economy and Declining Inflation
Spanish Elections and Economic Policy: Uncertainty and Growth Outlook
ASW Tightening: Outlook for CZGBs in the Second Half of the Year
Fiscal Consolidation and Reduction of Borrowing Needs in the Czech Republic
