Hong Kong: Ideal place for deal-making and dispute resolution cgtn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cgtn.com Daily Mail and Mail on Sunday newspapers.
Retaining competitive edge, Hong Kong embarks on new journey toward prosperity--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
One objective of fiscal policy is to stabilize a country’s macroeconomic environment. Countercyclical fiscal measures intend to offset the effects of the economic cycle on a country’s economy. For example, they include increasing public spending or cutting taxes to stimulate the economy during an economic slowdown. Countercyclical fiscal policy reduces economic fluctuations and helps ensure macro-fiscal stability. What has been the experience in developing countries? And what has been the experience in the CEMAC zone?