Posted on October 26, 2016 by iMFdirect
The IMF’s latest regional economic outlook for Sub-Saharan Africa shows growth at its lowest level in more than 20 years. In this podcast, the African Department’s new Director, Abebe Aemro Selassie, says it’s a mixed story of struggling oil-exporters and strong performers.
Filed under: Africa, banking, developing countries, Economic research, Finance, Fiscal, growth, IMF, International Monetary Fund, LICs, monetary policy, oil, poverty, technology | Tagged: Abebe Aemro Selassie, Angola, Cote d’Ivoire, education, financial inclusion, fuel subsidies, health care, infrastructure, investment, Nigeria, senegal, South Africa, Tanzania, tax systems | Leave a comment »
Posted on April 19, 2016 by iMFdirect
Public capital—road, bridges, electricity—can make countries richer by attracting more investment and building economic growth at a time when many are struggling with low growth. Many economists would argue public investment projects in highly efficient countries tend to have a greater impact on growth. New research by IMF economists shows that’s not necessarily the case. Continue reading
Filed under: Advanced Economies, Africa, Asia, Caribbean, China, Economic research, growth, IMF, International Monetary Fund, Latin America, LICs, Low-income countries | Tagged: Andy Berg, infrastructure, public spending | 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 August 3, 2015 by iMFdirect
By Antoinette M. Sayeh and Abebe Aemro Selassie
If, as has been observed, demography is destiny, this will be the African century.
Most countries in sub-Saharan Africa are on the cusp of a demographic transition—the years when the share of young and old in the population declines and those in working age range (15-64 years) increases.
Elsewhere, this transition has generally been accompanied by higher savings, incomes, and economic growth. Our latest Regional Economic Outlook for sub-Saharan Africa looks at how the transition might play out and the implications for economic policies.
Filed under: Africa, Economic outlook, Economic research, Emerging Markets, Employment, Financial Crisis, Fiscal policy, growth, IMF, Inequality, International Monetary Fund, Investment, LICs, Low-income countries, Reform | Tagged: Africa, economic growth, emerging market, income, labor force, Regional Economic Outlook: Sub-Saharan Africa, Sub-Saharan Africa | 1 Comment »
Posted on June 22, 2015 by iMFdirect
Inequality is one of the defining issues of our time, so you may want to tune in to this interview with the authors of a new study that shows that higher inequality leads to lower growth. You can also read their blog here.
Filed under: Advanced Economies, Africa, Asia, Civil Society, Economic research, Emerging Markets, Europe, Globalization, growth, IMF, Inequality, International Monetary Fund, Latin America, LICs, Low-income countries, Middle East, Politics, Reform | Tagged: economic growth, emerging markets, income distribution, middle class, poor, trickle down economics | Leave a comment »
Posted on June 11, 2015 by iMFdirect
By Min Zhu and Sarwat Jahan
(Versions in Español, عربي)
Countries will start a new chapter in their development this year with the United Nation’s Sustainable Development Goals. Designed to replace the Millennium Development Goals, these new goals will broaden the vision of development to embrace economic, social, and environmental issues. To achieve these goals, two elements are critical: money and the right policies to use the money. The IMF, along with many others in the global community, will partner with countries to bring these two elements together.
Filed under: Africa, Asia, Civil Society, Economic outlook, Economic research, Emerging Markets, Finance, Fiscal policy, Global Governance, growth, IMF, International Monetary Fund, Investment, Latin America, LICs, Low-income countries, Politics | Tagged: carbon price, Cote d’Ivoire, developing countries, development financing, energy price reform, financing for development, frontier economies, Ghana, Kenya, low income countries, Millennium Development Goals, Min Zhu, Peru, senegal, sustainable development Goals, tax reform, trade, United Nations, Vietnam, Zambia | Leave a comment »
Posted on December 16, 2014 by iMFdirect
By Min Zhu
(version in Español)
The growth story for frontier economies isn’t the same as China’s in the last two decades, or the United States a hundred years ago. These fast growing, low-income countries have their own story, and it’s not what you might think.
In May of this year, I wrote about who they are and how they are different, and now I want to go into a bit more detail about how their economies have been on the rise and how they have moved themselves to the frontier.
Filed under: Advanced Economies, Africa, Asia, Economic outlook, Economic research, Fiscal policy, growth, IMF, International Monetary Fund, LICs, Low-income countries, Reform | Tagged: agriculture, Bangladesh, capital markets, China, commodiity prices, diversify growth, fiscal policy, frontier economies, low-income countries, manufacturing, Min Zhu, monetary policy, Mozambique, natural resources, oil prices, Tanzania, United States | Leave a comment »