Keynesian economics
Turkey's current account posts $1.23 bln deficit in Feb
Turkey's current account balance posted a deficit of nearly $1.23 billion in February, according to official figures released on April 13.
The deficit was $117 million in the same period last year, said the Central Bank.
The bank's balance of payments figures showed the country's 12-month rolling surplus amounted to $6.13 billion.
Different tricks planned for each verdict on retroactive bonuses
The government is considering ad hoc solutions to tackle the major issue of retroactive claims by millions of pensioners and civil servants.
China signals more stimulus as economic slowdown deepens
China will aim to achieve "a good start" in the first quarter for the economy, the state planner said on Jan. 15, signaling authorities could roll out more stimulus measures in the near term to counter slowing growth.
Turkey considers new stimulus as growth seen slowing, officials say
President Recep Tayyip Erdoğan's government is considering further stimulus measures to address an expected slowdown in growth in coming quarters, two officials said - a move that could raise expectations that fiscal policy will be loosened.
Restricting migration after Brexit likely to slow growth, says official UK report
Restricting migration into Britain will very likely lead to lower output and employment growth, an interim report commissioned by the British government said on March 27, warning that firms were not prepared for a tightening labor market.
IMF warns about overheating in Turkey’s economy
The concluding statement of an International Monetary Fund (IMF) mission in Turkey has warned of the danger of overheating in the country’s economy following a rapid recent recovery, asking for further monetary and fiscal tightening.
- Read more about IMF warns about overheating in Turkey’s economy
- Log in to post comments
Petrovic: Fiscal results good
BELGRADE - The fiscal results up to and including 2016 were good and the budget deficit was significantly reduced in the second year of fiscal consolidation, says Fiscal Council President Pavle Petrovic.
- Read more about Petrovic: Fiscal results good
- Log in to post comments
Fiscal Council: Restrictive fiscal policy should continue
Serbia's Fiscal Council believes that the government should not loosen its restrictive fiscal policy too early.
Increasing economic growth and employment calls for making more efforts to improve the investment climate, this independent state body that reports to the National Assembly said.
Varoufakis: Greece reliving the Great Depression
Never one to eschew the dramatic, FinMin Yanis Varoufakis likened the current situation in (still) recession-plagued Greece with the Great Depression of the 1930s.
In his speech at the Greek-French Chamber, as long as a political solution is delayed, the recession will wear down the common currency and turn the peoples of Europe against each other.
- Read more about Varoufakis: Greece reliving the Great Depression
- Log in to post comments