iMFdirect – The IMF Blog

By Hugh Bredenkamp and Catherine Pattillo

Many of the world’s macroeconomists—including here in the IMF—are currently busy reading the daily tea-leaves, attempting to divine whether the sputtering recovery in the advanced economies will hold, and gradually pick up steam, or fall back into the notorious “double dip.”

There is a huge amount at stake here, not only for the millions of unemployed in the developed world, but also for the many hundreds of millions of our fellow global citizens in developing countries who live in dire poverty, without access to proper health, education, or sanitation. The world’s economies are now closely interconnected, and the fate of those in poor countries is tied, increasingly, to that of the richest. (more…)

Filed under: Africa, Economic Crisis, growth, IMF, International Monetary Fund, LICs, Low-income countries | Tagged: aid, balanced and sustainable growth, domestic tax revenues, economic recovery, education, extreme poverty, global financial crisis, health, infrastructure development, Millennium Development Goals, policy buffers, poverty, poverty reduction, private investment, property rights, regulatory environment, scaled-up aid, social safety nets, social spending, trade preferences, trade reforms | 3 Comments »