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government spending

World Bank Group & International Monetary Fund Annual Fall Meetings

Chile keeps key rate unchanged amid slowest growth in 6 years

Central bank of Chile has not changed its key interest rate for three months in a row even though it recorded the slowest economy growth rate in six years in January 2016. The inflation rate is alarmingly at 4.7 percent above the two percent target of Chile government.

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President Mauricio Macri Inaugurates Congressional Session

Argentina to issue $15-bln bonds, returns to credit markets

Argentina is planning to issue $15-bilion bonds making it the largest sum by any developing nation since 1996. Country's new President Mauricio Macri-led government will use funds mobilized through bonds for repaying debts and supporting government spending.

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Opening Day Of The World Economic Forum (WEF) 2016

Public spending and inflation, key factors in new budget for South Africa

The new budget for South Africa may witness a major focus on government spending, sluggish global economy and inflation. The debt component is also increasing to about 50 percent of GDP. Global rating agencies have downgraded South Africa's sovereign credit rating.

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JAPAN-ECONOMY-POLITICS-ABENOMICS

Japan's GDP shrinks in the fourth quarter

The economy of Japan shrank during the fourth quarter of 2015 as a result of weak export and demand. The shrinking population also added to the economic slowdown.

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Kuwait Flag

Kuwait reviewing its subsidies system

Kuwaiti Finance Minister Sheikh Salem Abdulaziz al-Sabah said the government is reviewing its subsidies system to its residents and subsidies.

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