He said Ghana would seek loans to refinance other loans in order to create fiscal space in the economy. (ghanapoliticsonline.com)
But as well as «rising,» Africa also needs to be «watching»: in some countries, rapid debt accumulation and erosion of fiscal space pose risks that need to be managed. (imf.org)
Yet it warns of looming worries — potential trade wars; rising interest rates; heavy spending in certain countries, including the U.S., which could leave little fiscal space for the next downturn; and insufficient worker skills to deal with technological changes. (business.financialpost.com)