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 12, 2015 by iMFdirect
By Nigel Chalk and Jarkko Turunen
The remarkable collapse in the price of oil—a key global price that has virtually halved in the space of just a few months—has received a lot of attention lately.
Meanwhile, another significant shift has taken place in recent months that is just as surprising and has wide-reaching global implications—the dramatic drop in long-term U.S. Treasury bond yields. The last time we saw 10-year Treasury bond yields this low was in early May 2013. As many will remember, this didn’t last long and when it corrected, it set off a burst of volatility across emerging markets.
Filed under: Advanced Economies, Economic Crisis, Economic research, Emerging Markets, Finance, Fiscal policy, growth, IMF, International Monetary Fund, Investment | Tagged: bond yields, emerging market, inflation, interest rates, market volatility, oil prices, U.S., U.S. Federal Reserve, United States | 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 21, 2015 by iMFdirect
By Alejandro Werner
(version in Español and Português)
The turn of the year usually brings a fresh dose of optimism. Yet, worries dominate across much of Latin America and the Caribbean today, as 2015 marks yet another year of reduced growth expectations. Regional growth is projected at just 1¼ percent, about the same low rate as in 2014 and almost 1 percentage point below our previous forecast. Challenging external conditions are an important drag for many countries. Still, it’s not too late for some good New Year’s resolutions to address domestic weaknesses and improve growth prospects.
Filed under: Advanced Economies, Economic outlook, Economic research, Emerging Markets, Financial Crisis, Fiscal policy, growth, International Monetary Fund, Latin America, Reform | Tagged: Argentina, Bolivia, Brazil, Caribbean, Central America, Chile, China, Colombia, commodi, Ecuador, energy subsidies, euro area, forecast, Japan, Latin America, Mexico, oil, Peru, poverty reduction, Regional Economic Outlook: Western Hemisphere, South America, U.S., Venezuela | 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 September 25, 2014 by iMFdirect
By Roberto Cardarelli and Lusine Lusinyan
(Versión en español)
Today’s Pop Quiz: What do Oregon and New Mexico have in common? What could possibly link the spectacular vistas of Crater Lake to the glistening White Sands?
Answer: One link is these two states have the highest share of computer and electronic production in the entire United States. Think Intel in the Silicon Forest or Los Alamos. They also rank similarly in information technology usage by their businesses.
Filed under: Advanced Economies, Economic outlook, Economic research, Employment, Financial Crisis, growth, IMF, International Monetary Fund | Tagged: consumption, exports, human capital, investment, Labor, labor force, technology, U.S., United States | Leave a comment »
Posted on August 28, 2014 by iMFdirect
By Deniz Igan
(Version in Español)
Something unusual happened this year. For the first time in almost ten years, a book by an economist made it to Amazon’s Top 10 list. Thomas Piketty’s Capital in the Twenty-First Century captured the attention of people from all walks of life because it echoed what an increasing number of Americans have been feeling: the rich keep getting richer and poverty in America is a mainstream problem.
The numbers illustrate the troubling reality. According to the U.S. Census Bureau, 1 in 6 Americans—almost 50 million people—are living in poverty. Recent research documents that nearly 40 percent of American adults will spend at least one year in poverty by the time they reach 60. During 1968–2000, the risk was less than 20 percent. More devastatingly, 1 in 5 children currently live in poverty and, during their childhood, roughly 1 in 3 Americans will spend at least one year living below the poverty line.
Filed under: Advanced Economies, Economic outlook, Economic research, Employment, Financial Crisis, Globalization, IMF, International Monetary Fund, Investment, recession, Reform, unemployment | Tagged: economic recovery, education, health care, jobs, labor market, poverty, poverty reduction, recession, rich and poor, tax, U.S., United States, wages | Leave a comment »