India’s consistent budget deficits are expected to continue over the coming years under a BJP-led government in the second term. Fiscal consolidation is needed to lower elevated debt levels as India’s weak fiscal position is a major macroeconomic challenge.
The UK held local elections in England and Northern Ireland on May, 2nd. The Conservatives and Labour took a drubbing in the polls. Meanwhile, Tory- Labour talks on the desired Brexit outcome are going nowhere fast.
Economic Update Dutch version
Recent figures support our expectations for lower economic growth in the Netherlands this and next year. Consumer confidence, for example, has rebounded slightly but is still negative. Meanwhile inflation appears to outstrip wage growth and the Dutch PMI has dropped.