China local government debt risk survives reforms

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

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Twin deficits increase Argentina's economic fragility

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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Volatility trading is now a source of turbulence as well as a gauge of it

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Recent sectoral interventions have been well received, but new revenue streams for Sonangol may be necessary

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After over a decade of double-digit growth, problems are mounting, momentum is slowing and options are narrowing

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Russia's international reserves are rising but funds earmarked for budget support need replenishment

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The French president may struggle to push through his next major project -- unless he wins union support

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