Posted on March 2, 2015 by iMFdirect
By Jeff Hayden
We drew our inspiration for Finance & Development‘s cover from Diego Rivera’s Detroit Industry murals at the Detroit Institute of Arts. Rivera, a Mexican artist, was commissioned in 1932 to paint the 27-panel visual epic as a tribute to the city’s assembly-line workers, scientists, doctors, secretaries, and laborers, many of whom were struggling at the time to keep their jobs amid the devastation of the Great Depression.
Filed under: Advanced Economies, Asia, Economic outlook, Economic research, Emerging Markets, Employment, Europe, Fiscal policy, Globalization, growth, IMF | Tagged: advanced economies, central banks, economic growth, employment, euro area, F&D, Finance & Development magazine, fiscal policy, forecast, immigration, India, jobs, labor market, Spain, Sub-Saharan Africa, taxes | Leave a comment »
Posted on February 23, 2015 by iMFdirect
By Christine Lagarde
(Versions in 中文, Français, 日本語, Русский, عربي and Español)
Leveling the legal playing field for women holds real promise for the world—in both human and economic terms. Unfortunately, that promise remains largely ignored and its potential untapped. In too many countries, too many legal restrictions conspire against women to be economically active—to work.
What can be done to remove these barriers? A new study done by IMF economists seeks to answer that question.
The bottom line? It’s about a fair, level playing field.
Filed under: Africa, Asia, Economic research, Employment, Global Governance, growth, IMF, Inequality, International Monetary Fund, Latin America, Middle East, Reform | Tagged: child care, East Asia, education, Egypt, employment, empowering women, female labor participation, gender wage gap, Japan, Kenya, labor force, labor market, labor regulations, Middle East and North Africa, Namibia, Peru, U.A.E, U.S., women | Leave a comment »
Posted on February 11, 2015 by iMFdirect
By Christopher Jarvis
(Version in عربي)
Egypt currently faces what may seem to be conflicting objectives. On the one hand, there’s an urgent need to restore economic stability—by achieving lower budget deficits, public debt and inflation, and adequate foreign exchange reserves. At the same time, there’s a long-standing need to achieve better standards of living—with more jobs, less poverty, and better health and education systems—one of the key reasons why people took to the streets in 2011.
Some might think that those two goals don’t go together—that the actions needed to reduce the budget and external deficits will necessarily take away from jobs and growth. But that’s not true. Some of the same policies that will improve Egypt’s financial situation can also help improve living standards.
Filed under: Economic Crisis, Economic outlook, Economic research, Employment, Financial Crisis, Government, growth, IMF, International Monetary Fund, Investment, Middle East, Public debt, Reform | Tagged: Arab Spring, Article IV, education, Egypt, fiscal deficit, health, inflation, infrastructure, jobs, Middle Eas, poverty, public debt, structural reform, tourism, unemployment | Leave a comment »
Posted on February 6, 2015 by iMFdirect
By Christine Lagarde
(Versions in 中文, Français, 日本語, Русский, Türk, and Español)
Implementation, investment, and inclusiveness: these three policy goals will dominate the G-20 agenda this year, including the first meeting of finance ministers and central bank governors in Istanbul next week. As Turkish Prime Minister Ahmet Davutoğlu recently put it: “Now is the time to act” – şimdi uygulama zamanı.
There is a lot at stake. Without action, we could see the global economic supertanker continuing to be stuck in the shallow waters of sub-par growth and meager job creation. This is why we need to focus on these three “I’s”:
Filed under: Advanced Economies, Economic Crisis, Emerging Markets, Employment, Europe, G-20, Globalization, Government, growth, IMF, International Monetary Fund, Investment, Politics, Reform | Tagged: Cameroon, Chile, Christine Lagarde, Cote d’Ivoire, ebola, Egypt, emerging market, euro area, G-20, Haiti, India, Indonesia, inflation, infrastructure, infrastructure investment, investment, Japan, jobs, Malaysia, monetary policy, Netherlands, oil prices, Turkey, U.S. | Leave a comment »
Posted on January 26, 2015 by iMFdirect
The IMF has released a new, free online data tool.
You can find all sorts of good stuff: from budget numbers to balance of payments data, debt statistics to critical global indicators. Good data supports good policy choices. With reliable and timely economic data, people can identify turning points in the economy or see looming risks.
*Wonky Warning* The data platform provides greater dynamic data visualizations, which show development over time and interact with each other. It includes a richer library of statistical tools, such as forecasting, smoothing, and aggregation. The platform strengthens the narrative and analysis of any data and allows users to customize their data experience.
Filed under: Advanced Economies, Economic outlook, Economic research, Emerging Markets, Employment, Globalization, IMF, International Monetary Fund, Low-income countries, Multilateral Cooperation | Tagged: balance of payments, debt, fiscal indicators, free data | Leave a comment »
Posted on January 14, 2015 by iMFdirect
By Prakash Loungani
(Version in Français and Español)
Seven years after the onset of the Great Recession, the global unemployment rate has returned to its pre-crisis level: the jobless rate fell to 5.6% in 2014; essentially the same as in 2007, the year before the recession (chart 1, left panel).
Filed under: Advanced Economies, Asia, Economic outlook, Economic research, Emerging Markets, Employment, Europe, growth, IMF, International Monetary Fund, Reform, unemployment | Tagged: Australia, China, emerging market, European Union, Great Recession, Greece, infrastructure, investment, Ireland, Israel, jobs, labor market, monetary policy, Singapore, Spain, U.S., unemployment, unemployment rate | Leave a comment »
Posted on January 12, 2015 by iMFdirect
In the end, the case for job rich, inclusive growth is not economic, it’s political, according to Nobel prize-winning economist Michael Spence.
In this podcast with the IMF, Spence discusses the growing sense in many countries that it’s mostly the wealthy population who are reaping the benefits of economic development.
Filed under: Advanced Economies, Economic Crisis, Economic outlook, Employment, Financial Crisis, Global Governance, IMF, International Monetary Fund, Multilateral Cooperation | Tagged: China, economic development, global economy, Great Recession, inclusive growth, infrastructure, investment, Michael Spence, podcasts, public sector | Leave a comment »