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What is Private Consumption

Details: Private consumption includes all purchases made by consumers, such as food, housing (rents), energy, clothing, health, leisure, education, communication, transport as well as hotels and restaurant services. It also includes durable goods (such as cars), but not households’ purchases of dwellings, which are counted as household investment.

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Assessing Mexico’s Structural Reforms and Challenges

Details: Education reform lays down the foundation for improved academic performance, but its impact on progress and, particularly, on the economy, will be gradual. Finally, the financial and fiscal reforms were disappointingly modest—market participants had expected more ambitious overhauls. Overhauling the Energy Sector

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Trinidad & Tobago Economy

Details: Education is the biggest spending area, with healthcare and national security closely following. The plan sees a fiscal deficit of 5.8% in 2022, well above our 5.0% forecast. Trinidad & Tobago Economic Growth Economic growth should keep pace in 2022, after this year’s rebound. The domestic market should benefit from eased restrictions and

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Martijn Oostveen FocusEconomics

Details: Prior to joining FocusEconomics in 2005, Martijn worked in the financial industry for more than 10 years as a market adviser, investment strategist, process manager and research/education manager. Besides his native Dutch, Martijn speaks fluent English while he can also count on his Spanish and German, which he speaks at a high level.

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Trinidad and Tobago Unemployment

Details: Education is the biggest spending area, with healthcare and national security closely following. The plan sees a fiscal deficit of 5.8% in 2022, well above our 5.0% forecast. Trinidad & Tobago - …

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Costa Rica Politics September 2019

Details: Reducing the fiscal burden is key, as according to Jiménez, “debt repayment costs limit the funds available for education, infrastructure, or fiscal stimulus”. FocusEconomics Consensus Forecast panelists forecast the fiscal deficit to widen to 6.0% in 2019 before narrowing to 5.8% in 2020.

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› Url: https://www.focus-economics.com/countries/costa-rica/news/politics/government-proposes-tightening-the-belt-in-2020 Go Now

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What is the unemployment rate

Details: The unemployment rate is defined as the percentage of unemployed workers in the total labor force. Workers are considered unemployed if they currently do not work, despite the fact that they are able and willing to do so. The total labor force consists of all employed and unemployed people within an economy.

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Trinidad and Tobago Inflation Rate (CPI)

Details: Education is the biggest spending area, with healthcare and national security closely following. The plan sees a fiscal deficit of 5.8% in 2022, well above our 5.0% forecast. Trinidad & Tobago - Inflation Data

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What is Public Debt

Details: Public Debt Economic News. Korea: Government announces second supplementary budget to fuel recovery. July 15, 2021. On 1 July, the government announced a supplementary budget proposal—the sixth since the pandemic started and the second this year—aimed at supporting the recovery and mitigating the adverse impact of the pandemic, largely financed by spare revenues.

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Chile: Sebastian Piñera remains strong favorite to become

Details: On education, another key area of Bachelet’s tenure, Piñera proposes halting the move towards abolishing tuition fees for all university students, …

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El Salvador Economy

Details: The monthly economic activity index rose at a softer rate in July, and growth in remittances eased in July–August, likely tempering household spending. Meanwhile, the government tabled its draft 2022 budget on 30 September, which will see spending increase with a focus on public investment, education, and security and defense.

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Philippines Unemployment

Details: Philippines - Unemployment. After GDP growth rebounded sharply in Q2, largely due to a supportive base effect, the economic landscape appears to have deteriorated in Q3. A surge in daily Covid-19 infections that began in July forced a gradual tightening of restrictions that culminated in a two-week lockdown of the capital in August.

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Trinidad and Tobago Public Debt

Details: Education is the biggest spending area, with healthcare and national security closely following. The plan sees a fiscal deficit of 5.8% in 2022, well above our 5.0% forecast. Trinidad & Tobago - Public Debt Data

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Italy Politics February 2021

Details: The new government will have to draw up investment plans necessary to receive almost EUR 210 billion from the so-called Next Generation EU recovery program, which Draghi has already said will be spent on digitalization, green technologies, healthcare, research and development, and education

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Turkey Inflation Rate (CPI)

Details: The print reflected a steep rise in the price level for education; furnishing and household equipment; housing; and hotels, cafes and restaurants. Inflation edged up to 19.6% in September from August’s 19.3%. September's reading marked the highest inflation rate since March 2019. Annual average inflation rose to 16.4% in September (August: 15

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New Zealand Fiscal Balance

Details: As for job policies, measures include additional investment in education and training; the extension of the wage subsidies scheme; and funds for nature-based jobs to improve the quality of the environment. Moreover, the package scales up funding for infrastructure investment, …

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Mexico Inflation Rate (CPI)

Details: From 1990 to 1999, Mexico registered an average inflation rate of 20.5%, with a peak registered in December 1995 (51.9%), following the Tequila Crisis in 1994, which was a currency crisis sparked by the Mexican government’s sudden devaluation of the peso against the U.S. dollar. Finally, in the 2000 and 2009 period, the average inflation rate

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United States Unemployment December 2019

Details: Meanwhile, hiring in education and healthcare—a mainstay of the labor market—moderated, while professional and business services job growth slowed. On a brighter note, job gains in leisure and hospitality were strong in December and retail trade payrolls rebounded notably, likely linked to the holiday shopping season.

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Tanzanian Shilling Exchange Rate (USD to TZS

Details: However, higher inflation in June–September could have tempered the overall improvement. Lastly, on 10 October, the government roughly outlined its plans to use two IMF loans approved last month primarily to invest in education and welfare, with other sizable amounts directed at …

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Mexico Inflation August 2021

Details: Consumer prices rose 0.19% in August over the previous month, below the 0.59% increase recorded in July. August's result marked the weakest reading since November 2020. The reading was driven by falling prices for housing and transportation. In addition, prices for education and recreation grew at a more subdued pace. Inflation ticked down to 5.6% in August, following July’s

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Taiwan Unemployment Rate

Details: Taiwan - Unemployment After the economy lost momentum in the second quarter amid the reimposition of nationwide restrictions, annual growth has likely slowed down further in …

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El Salvador Unemployment

Details: The monthly economic activity index rose at a softer rate in July, and growth in remittances eased in July–August, likely tempering household spending. Meanwhile, the government tabled its draft 2022 budget on 30 September, which will see spending increase with a focus on public investment, education, and security and defense.

› Verified 4 days ago

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Singapore Consumption

Details: Regarding the outlook, Barnabas Gan, economist at United Overseas Bank, commented: “All-in-all, we keep our growth outlook for Singapore at 6.5% for the whole of 2021, which is at the middle of the revised MTI’s growth outlook range of between 6.0% and 7.0%. Singapore’s economic prognosis remains resilient given the strong vaccination

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East & South Asia Economic Outlook Data, Statistics

Details: Economic outlook for 2021 brightens Regional GDP growth should accelerate robustly this year as external demand rebounds. In 2022, ongoing fiscal and monetary stimulus should further support the bounce-back, while less volatile U.S. foreign policy under President Biden bodes well for trade. Covid-19-related uncertainty clouds the outlook, however, amid the increase in new

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Guatemala Consumption

Details: Nonetheless, the budget aims to strengthen the healthcare and education sectors, as well as security. Congress has until 30 November to approve the plan, although the process is not expected to be easy, with recent history showing the difficulties of passing a …

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United States Unemployment August 2020

Details: Total non-farm payrolls rose 1.4 million in August, broadly in line with market analysts’ expectations. This follows July’s 1.7 million payroll rise. Employment in retail trade, professional and business services, leisure and hospitality, and in education and health services increased notably, reflecting the gradual resumption of economic activity.

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Kenya GDP Q2 2020

Details: Kenya: GDP contracts for first time in at least 10 years in Q2. October 15, 2020. GDP shrank 5.7% year-on-year in the second quarter, swinging from the 4.9% growth recorded in the first quarter, according to Kenya’s Statistical Institute (KNBS). Q2’s reading marked the first contraction in at least a decade.

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Chile Public Debt

Details: Spending on healthcare and education are envisaged to increase the most, by 6.2% and 4.8%, respectively. Key initiatives include increasing the access to free higher education for students from low socio-economic backgrounds and improving primary healthcare.

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Germany Inflation September 2020

Details: Harmonized consumer prices rose 0.27% month-on-month in September, up from August’s 0.09% increase. The rise was influenced by surging prices for clothing and footwear and pricier education. Meanwhile, transport prices rose at a softer pace despite a rise in fuel costs. Harmonized inflation rose from 3.4% in August to a record-high 4.1% in September.

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Turkey Inflation March 2021

Details: Consumer prices increased 1.08% from the previous month in March, picking up from February's 0.91% increase. The print came on the back of marked price increases for health; education; hotels, cafes and restaurants; recreation and culture; and clothing and footwear. This more than offset flatlining transportation prices. Inflation increased to 16.2%in March, following

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Hong Kong Public Debt

Details: To address young people’s concerns, spending on education will increase, and students in need will receive one-off grants and fee waivers for the secondary school exam. Moreover, a new commission geared towards youth development will be set up to begin tackling other challenges, including full-time employment and home ownership.

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Dominican Republic Unemployment

Details: Dominican Republic - Unemployment. The economy recorded colossal growth in Q2, with activity climbing at a record year-on-year pace, notwithstanding tighter Covid-19 restrictions imposed in May. Although Q2’s reading was driven in part by a low base effect, the economy surpassed its pre-pandemic level in the period.

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Mexico Inflation April 2021

Details: In addition, prices for education and recreation grew at a more subdued pace. Inflation came in at 6.1% in April, which was up from March’s 4.7%. April's result represented the highest inflation rate since December 2017, but was partially due to a fuel-price-driven base effect. Annual average inflation rose to 3.9% in April (March: 3.5%).

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Israel Inflation May 2021

Details: Consumer prices rose 0.40% over the previous month in May, accelerating from the 0.30% rise logged in April. Looking at the details of the release, education, culture and entertainment prices rose at a quicker pace in May compared to the previous month. Inflation came in at 1.5% in May, which was up from April’s 0.8%. May's figure was the highest inflation rate since December

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China Inflation September 2020

Details: Consumer prices rose 0.2% over the previous month in September, following August’s 0.4% increase. The increase mainly reflected higher prices for the clothing and footwear as well as for education. Inflation fell from August’s 2.4% to 1.7% in September. The print undershot the 1.9% result that market analysts had expected. Annual average inflation inched down from August’s

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Singapore Inflation January 2020

Details: Consumer prices fell 0.24% month-on-month in January, contrasting the 0.30% increase in December, on the back of cheaper prices for housing and utilities; recreation and culture; and education, which more than offset a rise in the price level of food and transport. Inflation, meanwhile, was stable at the prior month’s 0.8% in January, with the annual average inflation rate

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Panama Inflation Rate (CPI)

Details: Inflation came in at 2.3% in August, which was down from July’s 2.4%. The annual average variation of consumer prices rose to 0.1% in August (July: -0.3%). Our panelists project that consumer prices will end 2021 2.0% higher year-on-year, which is up 0.2 percentage points from last month’s forecast. The panel sees consumer prices increasing

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United Kingdom PMI July 2019

Details: The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) increased from 50.2 in June to 51.4 in July. As a result, the indicator moved further above the 50-point threshold that separates expansion from contraction in the services sector. It should be noted that the services PMI does not cover certain subsectors such as retail, education and health, meaning the PMI may

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Argentina Inflation March 2021

Details: Consumer prices jumped 4.80% over the previous month in March, following the 3.60% increase logged in February and marking the fastest increase in 18 months. In March, the sharpest increases in prices were recorded education, clothing and footwear and alcoholic beverages and tobacco. Inflation increased to 42.6% in March from February’s 40.7%, logging the highest print since

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