Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) weekly global economic newsletter are as follows: oil prices fell to new lows; the euro continued to slide; investor sentiment in the Eurozone improved; China’s service sector continued to strengthen; Brazil’s industrial production remained weak; many Emerging Market and Frontier Market Economies (EMEs and FMEs) implemented fiscal stimulus during the great recession of 2008 and 2009; countercyclical fiscal policy is associated with greater fiscal space; and Developing economies need to rebuild their fiscal space in the medium-term to keep countercyclical fiscalpolicy available.
Details
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Document Date
2015/01/09
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Document Type
Newsletter
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Report Number
98942
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2015/08/20
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Disclosure Status
Disclosed
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Doc Name
DECPG Weekly Global Economic Brief
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Keywords
fiscal space;fiscal policy;Fiscal policies;government consumption;oil price;global economic prospect;Fiscal Stimulus;data availability;unbalanced panel;monetary policy;cyclical component;commodity price;industrial production;improvements in policies;oil price decline;
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Citation
DECPG Weekly Global Economic Brief (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/148361468189571373/DECPG-Weekly-Global-Economic-Brief