Country Report
Although the UAE’s economy is more diversified and less dependent on the oil sector than the surrounding Gulf States, low oil prices will continue to negatively affect economic and fiscal metrics. Despite the expected twin deficit in 2016 and 2017, we won’t expect any problems in meeting financing requirements due to UAE’s considerable sovereign wealth fund.
Country Report
Jordan’s social and economic dynamics are severely affected by the Syrian crisis, while the government is making progress in consolidating the budget and reducing reliance on a limited number of energy sources.
Country Report
After a mild recovery of the fiscal balance in 2015, the challenge for Bulgaria lies in continuation of prudent policy to enable stable future growth and ensure stable levels of public debt.
Country Report
Croatia’s short term outlook has improved on the back of higher private consumption, investment and exports. Unfortunately, chances of successful structural and fiscal reforms by the new government are dim, due to its small and likely unstable majority.
Country Report
Luxembourg continued to show robust growth in 2015. New fiscal and financial regulation is heading towards Luxembourg, challenging its financial sector-driven growth model.
Country Report
Portugal continued to grow in 2015, after exiting the EU/IMF bailout programme in 2014, which signals a substantial increase of economic and financial stability. However, reform momentum is weak while the country still has many vulnerabilities.
Country Report
Economic activity is recovering after several years of near-zero growth. But the French economy still faces many structural challenges, including a relatively weak competitive position, high unemployment and weak public finances.
Country Report
Economic growth in 2015 has been robust thanks to the usage of EU-funds and strong external demand. The fiscal situation improved, although with controversial measures. In general, the government maintained its populist and nationalist policies.
