Brazil's recovery hides entrenched challenges

Growth may pick up in 2018 after a 1% rise in 2017, but deep challenges to sustained growth will face the new government

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Italy election is unlikely to yield a stable coalition

A parliamentary stalemate or an unstable majority for the centre-right are the most likely outcomes

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GDP grew by more than 7% for the first time since 2016 in October-December but faces challenges ahead

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The economy has been performing well despite political instability, but it faces a series of downside risks this year

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Ontario and Quebec will hold elections this year that are likely to return right-wing parties to office

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Policy changes have made local government borrowing more transparent, but crucial weaknesses in the system persist

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The trade and fiscal deficits, the latter financed by debt, raise worries in an uncertain global environment

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UK firm Carillion’s collapse draws attention to problems arising when the public and private sectors work together

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The government has opted for moderate tax increases amid efforts to tackle ballooning public debt

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Central Europe’s currencies are likely to continue to benefit from strong euro-area growth and tighter monetary policy

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