Country Report
Growth in Bulgaria remains weak and fiscal balances have been deteriorating, though from a low base. The banking sector has weathered last year’s crisis well, but further measures are necessary to improve its resilience in the future
Country Report
Economic growth in Luxembourg remains strong, but international regulatory changes could chal-lenge the country’s economic model and strong fiscal position in the future.
Economic Comment
A Brazilian sovereign downgrade to junk has been averted for now, as state-owned oil company Petrobras published audited accounts on 22 April. Still, risks persist.