Posted on January 12, 2017 by iMFdirect
By Tao Zhang and Vladimir Klyuev
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), and Español (Spanish)
Low-income countries should build more infrastructure to strengthen growth. A new IMF analysis looks at ways to overcome obstacles.
The clock is now ticking on the 2030 Agenda for Sustainable Development, and while investment—critical to this agenda—has been rising in recent years among low-income countries, weak infrastructure is still hampering growth. Governments need to make significant improvements to lay foundations for flourishing economies: roads to connect people to markets, electricity to keep factories running, sanitation to stave off disease, and pipelines to deliver safe water. Continue reading
Filed under: developing countries, Emerging Markets, growth, IMF, infrastructure, International Monetary Fund, Investment, Low-income countries, Public debt, structural reforms | Tagged: China, concessional lending, developing countries, IMF, iMFdirect blog, inclusive growth, infrastructure investment, Infrastructure Policy Support Initiative, International Monetary Fund, low-income countries, public debt, SDGs, sustainable development Goals, tax reform, telecommunications | Leave a comment »
Posted on December 29, 2016 by iMFdirect
What a year it has been. 12 months with big implications for the global economy.
In 2016 our readers’ curiosity focused on a wide range of hot topics in the world of economic and financial policy: the economic impact of migration, China’s economic transition, the prospects for negative interest rates, the way forward for Greece, the future of commodity prices, and the outlook for Latin America, to name a few. We compiled this top ten list for the past year based on readership. Continue reading
Filed under: Advanced Economies, Asia, China, commodities, Economic research, euro zone, Europe, exchange rates, Financial markets, Fiscal policy, G-20, Gender issues, Greece, growth, IMF, interest rates, International Monetary Fund, Latin America, negative interest rates, U.S. | Tagged: Alejandro Werner, Christine Lagarde, José Viñals, Maurice Obstfeld, Poul Thomsen, Vitor Gaspar | Leave a comment »
Posted on December 20, 2016 by iMFdirect
By Maurice Obstfeld
Version inعربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
After a year marked by financial turbulence, political surprises, and unsteady growth in many parts of the world, the Fed’s decision this month to raise interest rates for just the second time in a decade is a healthy symptom that the recovery of the world’s largest economy is on track.
The Fed’s action was hardly a surprise: markets had for weeks placed a high probability on last week’s move. But market developments preceding the Fed decision did surprise many market watchers. Continue reading
Filed under: Advanced Economies, Emerging Markets, Fiscal policy, Government, growth, interest rates, International Monetary Fund, jobs, labor force, U.S. | Tagged: developing economies, emerging market economies, exchange rates, government spending, growth, IMF, iMFdirect blog, inflationary pressures, interest rates, jobs, labor force, trade, U.S. elections, U.S. Fed, U.S. taxes, United States | Leave a comment »
Posted on December 16, 2016 by iMFdirect
By Joong Shik Kang and Wojciech S. Maliszewski
Version in 中文 (Chinese)
China urgently needs to tackle its corporate-debt problem before it becomes a major drag on growth in the world’s No. 2 economy. Corporate debt has reached very high levels and continues to grow. In our recent paper, we recommend that the government act promptly to adopt a comprehensive program that would sacrifice some economic growth in the short term while rapidly returning the economy to a sustainable growth path.
Filed under: Asia, banking, China, Debt Relief, Economic research, Financial regulation, growth, IMF, International Monetary Fund, Public debt | Tagged: Asia, banking, China, corporate debt, credit gap, credit risks, debt relief, deleveraging, Financial regulation, IMF, iMFdirect blog, investment, Japan, Spain | Leave a comment »
Posted on December 9, 2016 by iMFdirect
Many countries are experiencing a combination of declining birth rates and increasing longevity. In other words, their populations are aging. And graying populations pose serious issues for people, policymakers, and society. Continue reading
Filed under: Advanced Economies, aging, Europe, growth, health, International Monetary Fund, Japan, jobs, labor force, productivity | Tagged: advanced economies, aging, Europe, GDP, growth, health care, IMF, iMFdirect blog, Japan, labor force, pensions, productivity, TFP, Total Factor Productivity | Leave a comment »
Posted on December 8, 2016 by iMFdirect
By Hites Ahir and Prakash Loungani
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
During 2007-08, house prices in several countries collapsed, marking the onset of a global financial crisis. The IMF’s Global House Price Index, a simple average of real house prices for 57 countries, is now almost back to its level before the crisis (Chart 1). Is it time to worry again about a global fall in house prices? Continue reading
Filed under: Advanced Economies, China, Europe, growth, housing, International Monetary Fund | Tagged: advanced economies, boom-bust cycle, China, Europe, Global House Price Index, house prices, housing, housing market, IMF, iMFdirect blog, Min Zhu, population growth | Leave a comment »