Posted on September 27, 2011 by iMFdirect
By Christine Lagarde
(Versions in عربي, 中文, 日本語 and Español)
This past weekend, 187 countries came together in Washington D.C. to focus on the economic crisis facing the world.
They were here for the 2011 Annual Meeting of the IMF and World Bank, at which finance ministers and central bank governors mix with businesspeople, civil society, labor leaders, and parliamentarians to discuss the critical issues we face.
Coming in to this Meeting, I had warned of a dangerous new phase now facing the global economy and had called for bold and collective action. Coming out of the Meeting, I feel strongly that the global community is beginning to respond.
Why? Three reasons: a shared sense of urgency, a shared diagnosis of the problems, and a shared sense that the steps needed in the period ahead are now coming into focus. (more…)
Filed under: Advanced Economies, Annual Meetings, Economic outlook, Emerging Markets, growth, IMF, International Monetary Fund, Low-income countries, Multilateral Cooperation | Tagged: 2011 World Bank-IMF Annual Meetings, Annual Meetings, competitiveness, confidence, Financial regulation, financial sector reform, fiscal policy, household balance sheets, IMF, IMF lending, IMF surveillance, iMFdirect, International Monetary and Financial Committee, International Monetary Fund, medium-term fiscal consolidation, monetary policy, political will, sovereign and financial balance sheets, structural reform, technical assistance, unemployment, weak balance sheets, weak growth | 71 Comments »
Posted on January 25, 2011 by iMFdirect
By Olivier Blanchard
(Version in Español | Français | Русский | عربي| 中文 | 日本語 )
The world economic recovery continues. But it remains a two-speed recovery: slow in advanced countries, and much faster in emerging and developing economies. As a result, tensions and risks are emerging, which require strong policy responses.
For some time, global activity was led by fiscal stimulus and the restocking of inventories. This process is now essentially over, which means that global growth is set to slow over the coming year. Fortunately, underlying private demand is improving, so we expect the slowdown to be modest, with global growth remaining at 4.4 percent in 2011, down from 5 percent in 2010. (more…)
Filed under: Advanced Economies, Economic outlook, Emerging Markets, International Monetary Fund, Low-income countries, 中文 | Tagged: bank recapitalization, capital flows, commodity prices, currency appreciation, economic recovery, financial markets, fiscal consolidation, Fiscal Stimulus, global imbalances, private demand, structural reform, unemployment | 7 Comments »
Posted on October 29, 2010 by iMFdirect
By Masood Ahmed
(Version in عربي )
With the global economy on the mend, countries in the Middle East and North Africa are witnessing a pickup in trade and economic growth. Aided by rising oil prices and production levels and supportive fiscal policies, economic growth for the region as a whole is projected to exceed 4 percent in 2010, almost double what it was in 2009.
In contrast, and unlike many emerging markets elsewhere, the region’s oil-importing countries saw only a mild slowdown in economic growth last year to 4½ percent and are likely to see growth nudge up to around 5 percent this year. However, as our October 2010 Regional Economic Outlook for the Middle East points out, that growth rate is well below the average of 6½ percent a year required to create the 18 million jobs needed over the next decade to absorb new labor-market entrants and eliminate chronically high unemployment. (more…)
Filed under: Economic outlook, International Monetary Fund, Middle East, عربي | Tagged: business environment, competitiveness, economic growth, education, employment, high productivity, infrastructure, investment, labor markets, Regional Economic Outlook: Middle East and Central Asia, regulation, structural reform, tariffs, unemployment | Leave a Comment »