Posted on July 20, 2016 by iMFdirect
(Versions in: Bulgarian, Czech, Estonian, Hungarian, Latvian, Lithuanian, Polish, Romanian, Russian, Serbian, and Slovenian)
The opening up of Eastern Europe to the rest of the world in the early 1990s brought about tremendous benefits. The inflow of capital and innovation has led to better institutions, better economic management, and higher efficiency. On the flip side, it has also led to sizable and persistent outflow of people.
Filed under: Advanced Economies, Economic research, Employment, euro zone, Europe, growth, income, Inequality, International Monetary Fund, Migration, refugees, unemployment | Tagged: advanced economies, Bulgaria, Czech Republic, East-West migration, eastern Europe, emigration, employment, Estonia, Europe, European Union, GDP, growth, Hungary, IMF, iMFdirect, International Monetary Fund, jobs, labor force, Latvia, Lithuania, pan-European, Romania, Russia, Slovakia, Slovenia | Leave a comment »
Posted on June 28, 2016 by iMFdirect
By Ali Alichi
Version in Español (Spanish)
The latest IMF review of the U.S. economy underscores the country’s resilience in the face of financial market volatility, a strong dollar, and subdued global demand. But the review also cites longer-term challenges to growth, including rising income polarization.
Filed under: Advanced Economies, Financial markets, IMF, income, Inequality, International Monetary Fund, U.S. | Tagged: consumption, consumption growth, households, IMF, iMFdirect, income, income inequality, income polarization, International Monetary Fund, middle class, United States, US economy | Leave a comment »
Posted on May 24, 2016 by iMFdirect
By Sonali Jain-Chandra, Kalpana Kochhar and Tidiane Kinda
Versions in 中文 (Chinese), 日本語 (Japanese)
Asia continues to be the world’s growth leader, but the gains from growth are less widely shared than before. Until about 1990, Asia grew rapidly and secured large gains in poverty reduction while simultaneously achieving a fairly equitable society. Since the early 1990s, however, the region has witnessed widening income inequality that has accompanied its robust expansion—a break from its own remarkable past.
This matters because elevated levels of inequality are harmful for the pace and sustainability of growth. What can be done? Our research finds that policies could substantially reverse the trend of rising inequality. In particular, given limited social safety nets, well-designed fiscal policies may be able to alleviate inequality without stifling the region’s wealth-creating growth.
Filed under: Asia, China, Emerging Markets, Employment, Fiscal, Fiscal policy, Government, growth, IMF, India, Inequality, International Monetary Fund, Investment, Reform | Tagged: China, fiscal policy, IMF, iMFdirect, income inequality, India, inquality, International Monetary Fund, investment, unemployment | Leave a comment »
Posted on May 3, 2016 by iMFdirect
By Prakash Loungani and Zidong An
Version in Español (Spanish)
Forecasts of real GDP growth attract a lot of media attention. But what matters more to the person on the street is how growth translates into jobs. Unfortunately, the mediocre growth outlook of recent years may lead to a disturbing outlook for jobs, particularly among fuel-exporting countries and in the Latin America and Caribbean region.
Filed under: Advanced Economies, Caribbean, developing countries, Emerging Markets, euro zone, Inequality, International Monetary Fund, Latin America, U.S., unemployment | Tagged: Argentina, Brazil, Caribbean, euro area, IMF, inequality, jobs, labor market, Latin America, Okun coefficient, poverty, unemployment, United States, Venezuela, World Economic Outlook | Leave a comment »
Posted on March 17, 2016 by iMFdirect
We should have seen a decrease in inequality with globalization, but that’s not what has happened in the last 25 years, according to Nobel Laureate and Harvard Professor Eric Maskin. While there are a number of reasons to care about inequality, he says there is a high correlation between high inequality and social and political unrest, with consequences for a country’s political and economic stability.
Filed under: Advanced Economies, Economic research, Emerging Markets, Employment, Globalization, IMF, Inequality, International Monetary Fund, Low-income countries | Tagged: Eric Maskin, Globalization, iMFdirect, inequality, job skills | Leave a comment »
Posted on March 10, 2016 by iMFdirect
By Rahul Anand and Paul Cashin
After being low for decades, inflation in India trended higher from the mid-2000s. It reached 10–11 percent by 2008, and remained elevated at double digits for several years. Even though inflation fell by almost half in 2014, inflation expectations have remained high.
High and persistent inflation in recent years has presented serious macroeconomic challenges in India, increasing the country’s domestic and external vulnerabilities. As Reserve Bank of India Governor Raghuram Rajan pointed out at the 8th R.N. Kao Memorial Lecture in 2014, “inflation is a destructive disease … we can’t push inflation under the carpet as a central banker. We have to deal with it.”
Filed under: Asia, Emerging Markets, IMF, Inequality, inflation, International Monetary Fund, LICs | Tagged: demand, food prices, food supply, growth, households, IMF, India, inequality, inflation, International Monetary Fund, Reserve Bank of India | Leave a comment »
Posted on March 7, 2016 by iMFdirect
By Christine Lagarde
(Versions in عربي, 中文, Español, Français, 日本語, Русский, Deutsch, and Italiano)
International Women’s Day—March 8—is one of my favorite days. It is a time to celebrate the impressive progress women at all levels of the career ladder have made in recent decades. More women in the labor force, and in more senior positions is good news for women, for their companies, and for their countries’ economies.
A new IMF staff study finds that in Europe, national policies, even taking account of personal preferences, can boost women’s participation in the workforce and enhance their chances for advancement.
Filed under: Employment, Gender issues, growth, IMF, Inequality, International Monetary Fund, technology | Tagged: asset returns, Christine Lagarde, corporate ladder, corporate sector, eastern Europe, Europe, gender wage gap, IMF, International Monetary Fund, International Women's Day, labor force, policy, women | Leave a comment »