Table 3 - uploaded by Jérôme Creel
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... 2017 the fiscal boost is particularly strong in Germany (0.4 point), in the Netherlands (0.2 point) but also in Portugal. This will be the logic in 2018 and 2019 as well, with fiscal policy remaining expansionary in Germany and in the Netherlands and becoming favourable in Belgium and Austria (Table 3). France and Spain will however implement restrictive policies to keep their nominal deficit under 3 % of GDP to close the Excessive Deficit Procedure in progress. ...
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