1 Subjects: “...Welfare, Well-Being, and Poverty: General...”

2 “..., contracting by just 0.2 percent of GDP, after being hit in 2014 by the dual shocks of lower oil prices...”

3 “...-2000 reaching a balanced position in 2012. The overall CA balance, however, after being in surplus...”

4 “... action will be essential. Maintaining fiscal support should help soften the downturn, in particular...”

5 “... supported by a timely and targeted policy response. Fiscal support was substantially scaled up after...”

6 “... to exploring how policies can best support economic recovery in the wake of a house-price bust. The paper draws...”

7 “... still-favorable cyclical tailwinds and supportive macroeconomic policy. The fiscal loosening in place...”

8 “... the global financial crisis. Prudent policies, partly in the context of successive IMF-supported programs...”

9 “... recovers—supported by net exports. Nevertheless, over the medium term, gross domestic product...”

10 “... of trade. Going forward, it would be prudent not to count on being fortunate twice: wage moderation would...”