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macro poverty outlook

The challenges of macroeconomic stabilization in the Southern African Customs Union

Sébastien Dessus's picture



The good governance of public financial resources is often more challenging during good times than during bad times. In the event of an unexpected negative shock – say a drought or a sudden decline in demand for the commodities produced in the country – it is generally rewarding, from a political perspective, for the government to launch ‘stimulus packages’ to keep the economic engine running.