Posted on January 9, 2017 by iMFdirect
By Adrian Alter and Selim Elekdag
Versions in عربي (Arabic), and Español (Spanish)
In December 2016, the U.S. Fed raised interest rates for the first time in a year, and said they planned more increases in 2017. Emerging market currencies took a bit of a dive, but overall investors didn’t overreact and run for the doors with their money. For the bigger picture, you can read IMF Chief Economist Maurice Obstfeld’s blog that outlines how the U.S. election and Fed decision will impact the global economy. Continue reading
Filed under: Emerging Markets, International Monetary Fund, monetary policy | Tagged: China, construction, corporate debt, debt, emerging markets, Latin America, Maurice Obstfeld, United States | Leave a comment »
Posted on October 4, 2016 by iMFdirect
By Maurice Obstfeld
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
A return to the strong, sustainable, balanced, and inclusive growth that Group of Twenty leaders called for at Hangzhou in September still eludes us. Global growth remains weak, even though it shows no noticeable deceleration over the last quarter. The new World Economic Outlook sees a slowdown for the group of advanced economies in 2016 and an offsetting pickup for emerging and developing economies. Taken as a whole, the world economy has moved sideways. Without determined policy action to support economic activity over the short and longer terms, sub-par growth at recent levels risks perpetuating itself—through the negative economic and political forces it is unleashing.
Filed under: Advanced Economies, Africa, Annual Meetings, Economic outlook, Economic research, Emerging Markets, Financial markets, growth, IMF, International Monetary Fund | Tagged: 2014 Brisbane Action Plan, advanced economies, Brexit, China, developing economies, emerging Asia, emerging markets, G20, GDP, growth, IMF, Maurice Obstfeld, Sub-Saharan Africa, technology, trade, World Economic Outlook | Leave a comment »
Posted on June 27, 2016 by iMFdirect
By David Lipton
There were a lot of dramatic headlines over the weekend suggesting that Brexit signals the beginning of the end of globalization. Surely, it is too soon to understand all the ramifications of the British referendum. But at the same time, today is surely a good day to make the case for multilateralism. While there are plenty of reasons to be concerned about the future, I will argue that globalization still has promise. But to achieve that promise, we will need a fresh look at multilateralism and the role the international financial institutions can play.
Filed under: Advanced Economies, Asia, developing countries, Emerging Markets, Europe, Globalization, IMF, International Monetary Fund | Tagged: advanced economies, Brexit, current account deficits, David Lipton, developing countries, emerging markets, Europe, Globalization, IMF, International Monetary Fund, multilateralism | Leave a comment »
Posted on May 5, 2016 by iMFdirect
By Rahul Anand, Kalpana Kochhar, and Saurabh Mishra
The expansion of India’s exports of services between 1990 and 2013 has been nothing short of spectacular, putting India on a par with the world’s high-income economies in terms of service-product sophistication and as a share of total exports. This has created unique opportunities for continued growth. By contrast, when it comes to exports of manufactured goods, India has lagged behind its emerging-markets peers, both in quality and as a percentage of the total export basket, leaving substantial room for improvement.
Filed under: Advanced Economies, developing countries, Emerging Markets, India, International Monetary Fund, trade, U.S. | Tagged: advanced economies, East Asia, emerging markets, exports, IMF, iMFdirect blog, India, International Monetary Fund, low-income countries, Middle East, trade | Leave a comment »
Posted on April 13, 2016 by iMFdirect
By Vitor Gaspar and Luc Eyraud
Versions in 中文 (Chinese), Français (French), Español (Spanish), 日本語 (Japanese), and Русский (Russian)
Public finances have had a rough year. A new reality is emerging. Against this backdrop, countries need to act now to boost growth and build resilience. They must also be prepared to act together to fend off global risks.
Filed under: Advanced Economies, Economic outlook, Economic research, Emerging Markets, Financial markets, Fiscal policy, growth, IMF, inflation, International Monetary Fund, oil | Tagged: advanced economies, emerging markets, Fiscal Monitor, fiscal policy, fiscal space, GDP, growth, IMF, low-income countries, public finances | Leave a comment »
Posted on February 17, 2016 by iMFdirect
By Andrea F. Presbitero and Min Zhu
(Versions in 中文 (Chinese), Français, and Português)
Many low-income developing countries have joined the group of Eurobond issuers across the globe— in sub-Saharan Africa (for example, Senegal, Zambia, and Ghana), Asia (for example, Mongolia) and elsewhere, raising over US$21 billion cumulatively over the past decade. Tapping these markets provides a new source of funds, but also exposes borrowers to shifts in investor sentiment and rising global interest rates.
Filed under: Africa, Asia, Emerging Markets, IMF, International Monetary Fund, Low-income countries, Public debt | Tagged: Asia, bond spreads, capital inflows, emerging markets, eurobond, exchange rates, financial markets, foreign reserves, GDP, IMF, iMFdirect, International Monetary Fund, low-income countries, public debt, public investment, Sub-Saharan Africa | Leave a comment »