Posted on October 29, 2013 by iMFdirect
By Steven Barnett
(Version in 中文)
Less growth in China today will mean higher income in the future. So rather than worry, we should welcome the slowdown in China’s economy. Why? Because by favoring structural reforms over short-term stimulus, China’s leadership is illustrating their commitment to move to a more balanced and sustainable growth model.
Filed under: Asia, Economic outlook, Economic research, Emerging Markets, Finance, growth, IMF, International Monetary Fund, Public debt | Tagged: China, consumption, government finances, IMF, iMFdirect, investment, reform, sustainable growth, United States | 3 Comments »
Posted on October 22, 2013 by iMFdirect
By Anoop Singh
(Versions in 中文 and Español)
Hard landing, soft landing, no landing, overheating. Pundits’ views on China’s economy bounce around—often rapidly—between these descriptions.
Just two short months ago, the dominant concern was about a sharp slowdown, below this year’s official growth target of 7½ percent. Now, these fears have retreated, pushed aside by talk of renewed momentum.
Our sense, here at the International Monetary Fund, has always been that economic growth will slightly surpass this year’s official target. But we have also cautioned that China’s economic challenges are growing, and that accelerating reform is critical for containing risks and achieving a smooth transition to sustainable growth.
The upcoming Third Plenum provides an opportunity for the new leadership to provide guidance on how they plan to meet these challenges.
Filed under: Asia, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Finance, growth, IMF, International Monetary Fund | Tagged: China, credit, financial reform, government finances, Labor, Regional Economic Outlook: Asia | Leave a comment »
Posted on July 18, 2012 by iMFdirect
By Carlo Cottarelli
(Versions in عربي, 中文, Español, Français, Русский, 日本語)
We’ve just updated our latest assessment of the state of government finances, debts, and deficits in advanced and emerging economies.
Fiscal adjustment is continuing in the advanced economies at a speed that is broadly appropriate, and roughly what we projected three months ago. In emerging economies there’s a pause in fiscal adjustment this year and next, but this too is generally appropriate, given that many of these countries have low debt and deficits.
The improvement in fiscal conditions in many advanced economies is welcome, but it’s going to take more than lower deficits to get countries under market pressure out of the crosshairs.
Filed under: Advanced Economies, Economic Crisis, Emerging Markets, Employment, Europe, Fiscal policy, Fiscal Stimulus, growth, IMF, International Monetary Fund, Public debt | Tagged: advanced economies, debt ratio, debts, deficits, emerging economies, Europe, financial markets, fiscal adjustment, fiscal cliff, France, government finances, growth, IMF, International Monetary Fund, Italy, Spain, tax policy, United States | 3 Comments »