The economy continues to grow slowly and with a significant output gap. The outlook is for a continued recovery but risks are tilted to the downside. Negative interest rates are boosting house prices which, if sustained, could increase the vulnerability of already highly indebted households. Given moderate public debt, there is fiscal space to support the recovery if needed. Banks remain sound and profitable.
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|Size: ||2.9 MB|
|Publisher: ||INTERNATIONAL MONETARY FUND|
|Date published: || 2016|
|ISBN: ||9781498320207 (DRM-PDF)|
|Read Aloud: ||not allowed|