Publications

Societies that successfully strive for an investment-friendly environment will succeed in transforming their economies after the pandemic and will address the digital and environmental challenges prior to COVID-19. An efficient combination of private and public investment will be crucial.

In the long run, countries with higher private investment experience higher rates of growth. Therefore, good public policies that encourage permanent increases in private investment rates lead to increases in long-term economic growth and welfare.

Government expenditure may increase 8% YoY in 2H14. The under execution of public investment during the first part of the year and the compromise of the Finance Minister to counter-cyclical fiscal policy may have a significant contribution on GDP growth on 2H14. Fiscal accounts revealed today for 1H14, shows that the economic deceleration is already affecting VAT income taxes, and that the public expenditure did not contribute to the internal demand the first part of the year.