Eurozone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix, in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic.
Malaysia will find it challenging to meet its three percent fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview on Monday.
Italy needs to respect its fiscal targets if it wants to retain the confidence of investors over its capacity to repay its debt, Bank of Italy governor Ignazio Visco said on Saturday, as Rome faces a budget tussle with Brussels.
Corporate bankruptcies across Japan fell in fiscal 2018 to their lowest number since fiscal 1990, when the country was in the final stage of the bubble economy era, according to a private credit research firm.
South Korea's fiscal spending was found to make less contribution to narrowing income inequality compared with other members of the Organization for Economic Cooperation and Development (OECD) in 2015, data showed on Sunday.
Britain's public finances showed a smaller-than-expected budget surplus in the first month after the vote to leave the European Union, potentially limiting the ability of new Chancellor Philip Hammond to give the economy a big boost later this year.