The Art of Shifting Gear

Posted on April 27, 2012 by iMFdirect

The fact is, the global outlook underpins any turnaround in Asia and at this point, it could go either way: too early to declare victory over the forces of financial volatility and contagion. The art then is being prepared for either eventuality and policymakers should be ready to shift gears if, and when, circumstances warrant.

Filed under: Advanced Economies, Asia, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Employment, Europe, Financial Crisis, Fiscal policy, Globalization, growth, Inequality, International Monetary Fund, Multilateral Cooperation, recession | Tagged: , , , , , , , , , , , | 2 Comments »

Mediocre Growth, High Risks, and The Long Road Ahead

Posted on April 17, 2012 by iMFdirect

Geopolitical tension affecting the oil market is surely a risk. The main risk remains, however, that of another acute crisis in Europe. The building of the “firewalls”, when it is completed, will represent major progress. By themselves, however, firewalls cannot solve the difficult fiscal, competitiveness, and growth issues that some of these countries face. Bad news on the macroeconomic or the political front still carries the risk of triggering the type of dynamics we saw last fall.

Filed under: Advanced Economies, Africa, Asia, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Employment, Europe, Finance, Financial Crisis, Fiscal policy, Fiscal Stimulus, Globalization, growth, Inequality, International Monetary Fund, Latin America, LICs, Low-income countries, Middle East, Public debt, recession | Tagged: , , , , , , , , , , , , , , , | 7 Comments »

Driving the Global Economy with the Brakes On

Posted on January 24, 2012 by iMFdirect

The world recovery, which was weak in the first place, is in danger of stalling. The epicenter of the danger is Europe, but the rest of the world is increasingly affected.

Filed under: Advanced Economies, Africa, Asia, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Employment, Europe, Financial Crisis, Financial regulation, Financial sector supervision, Fiscal policy, Fiscal Stimulus, G-20, Global Governance, growth, IMF, Inequality, International Monetary Fund, Latin America, Low-income countries, Middle East, Public debt, recession | Tagged: , , , , , , , , , , , , , , | 8 Comments »

Africa’s New Janus-Like Trade Posture

Posted on October 30, 2011 by iMFdirect

It wasn’t all that long ago when virtually all of sub-Saharan Africa’s exports were destined for Europe and North America. But the winds of Africa’s trade have shifted over the past decade. There has been a massive reorientation towards other developing countries, in particular China and India. Like Janus, the Roman god, Africa’s trade is now, as it were, facing both east and west.

Our latest Regional Economic Outlook for sub-Saharan Africa looks closely at these developments and its policy implications. In addition to the well-known gains from international trade, Africa’s trade reorientation is also beneficial because it has broadened the region’s export base and linked Africa more strongly to rapidly growing parts of the global economy. These changes will help reduce the volatility of exports and improve prospects for robust economic growth in Africa.

Filed under: Africa, Asia, Economic outlook, Emerging Markets, International Monetary Fund, Low-income countries | Tagged: , , , , , , , , , , , , , , , | 6 Comments »

BRICs and Mortar—Building Growth in Low-Income Countries

Posted on May 9, 2011 by iMFdirect

By Dominique Desruelle and Catherine Pattillo (Versions in 中文, Português, Español,  Русский) The so-called BRIC nations—Brazil, Russia, India and China—could be a game changer for how low-income countries build their economic futures.   The growing economic and financial reach of the BRICs has seen them become a new source of growth for low-income countries (LICs). LIC-BRIC ties—particularly [...]

Filed under: Emerging Markets, growth, International Monetary Fund, Low-income countries | Tagged: , , , , , , , , , , , , , , , , , , , , , | 2 Comments »

Continuing the Momentum—Asia’s Updated Economic Outlook

Posted on July 9, 2010 by iMFdirect

Asia’s leadership of the global recovery is continuing unabated. The IMF now expects GDP in Asia to grow by about 7¾ percent in 2010 (up about ½ a percentage point from what was envisaged in April), before easing to about 6¾ percent in 2011. And, even though the downside risks to growth have intensified, the region is well equipped to handle them.

Filed under: Asia, Economic Crisis, Emerging Markets, Financial Crisis, Fiscal Stimulus, growth | Tagged: , , , , , , , , , , , , , , , , , | Leave a Comment »

Asia’s Economy to Grow by 50% in Five Years

Posted on June 15, 2010 by iMFdirect

The new issue of the IMF’s Finance & Development magazine explores how the region is moving into a leadership role in the world economy. Anoop Singh, Director of the IMF’s Asia and Pacific Department, says that, based on expected trends, within five years Asia’s economy will be about 50 percent larger than it is today and be comparable in size to the economies of the United States and Europe.

Filed under: Asia, Economic Crisis, Emerging Markets, Financial regulation, Fiscal Stimulus, Globalization, International Monetary Fund | Tagged: , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment »

Asia: Exiting from Stimulus in an Uncertain World

Posted on May 12, 2010 by iMFdirect

With Asia recovering ahead of and faster than advanced economies, policy conditions in the region will need to start normalizing sooner than in several other parts of the world. But the fragility of the global recovery means that the withdrawal of stimulus will have to be cautious and gradual.

Filed under: Asia, Economic Crisis, Economic research, Fiscal Stimulus, growth, IMF | Tagged: , , , , , , | 1 Comment »

Asia: Leading the Global Recovery

Posted on April 29, 2010 by iMFdirect

In our latest Regional Economic Outlook, we envisage that Asia will grow by 7 percent in 2010 and 2011, and emerging Asia by 8.7 percent each year, making significant contributions to global growth of 4.2 percent and 4.3 percent, respectively, this year and next.

Filed under: Asia, Economic Crisis, Economic research, Emerging Markets, IMF | Tagged: , , , , , , , , , | Leave a Comment »

World Faces Serious New Economic Challenges

Posted on April 21, 2010 by iMFdirect

We find ourselves at an important new stage of the crisis. A global depression has been averted. The world economy is recovering, and recovering better than we had previously thought likely. This is certainly welcome news. But new—and no less formidable—challenges have presented themselves.

Filed under: Advanced Economies, Africa, Asia, Economic Crisis, Economic research, Europe, Financial Crisis, Financial regulation, Fiscal Stimulus, growth, International Monetary Fund, Latin America, Low-income countries, Multilateral Cooperation, recession | Tagged: , , , , , , , , , | 4 Comments »

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