Posted on September 28, 2016 by iMFdirect
By Vitor Gaspar, Maurice Obstfeld and Ratna Sahay
There are policy options to bring new life into anemic economic recoveries and to counteract renewed slowdowns. Our new paper, along with our co-authors, debunks widespread concerns that little can be done by policymakers facing a vicious cycle of (too) low growth, (too) low inflation, near-zero interest rates, and high debt levels.
Filed under: capital markets, Economic research, Fiscal policy, Government, IMF, International Monetary Fund, monetary policy, Reform | Tagged: Christine Lagarde, collective action, economic recovery, fiscal policy, G20, growth, IMF, iMFdirect, inflation, interest rates, International Monetary Fund, Maurice Obstfeld, monetary policy, public debt, Ratna Sahay, Vitor Gaspar | Leave a comment »
Posted on July 21, 2016 by iMFdirect
Once again, we face the prospect of weak and fragile global growth. Released earlier this week, the IMF’s update to the global economic outlook expects global growth at 3.1 percent and 3.4 percent in 2016 and 2017, respectively, slightly down from April estimates. The global outlook, which was set for a small upward revision prior to the U.K.’s referendum, has been revised downward, reflecting the increased economic, political, and institutional uncertainty. Continue reading
Filed under: Advanced Economies, Europe, G-20, Government, International Monetary Fund, Multilateral Cooperation | Tagged: Brexit, China, growth, IMF, risk, trade | Leave a comment »
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 July 19, 2016 by iMFdirect
By Maurice Obstfeld
Versions in عربي (Arabic), 中文 (Chinese), Français (French), and Español (Spanish)
The United Kingdom’s June 23 vote to leave the European Union adds downward pressure to the world economy at a time when growth has been slow amid an array of remaining downside risks. The first half of 2016 revealed some promising signs—for example, stronger than expected growth in the euro area and Japan, as well as a partial recovery in commodity prices that helped several emerging and developing economies. As of June 22, we were therefore prepared to upgrade our 2016-17 global growth projections slightly. But Brexit has thrown a spanner in the works.
Filed under: Advanced Economies, Economic outlook, Economic research, Europe, International Monetary Fund | Tagged: bank balance sheets, Brexit, China, debt overhang, financial, financial markets, geopolitical risks, growth, IMF, investment, Japan, Nigeria, Policy Action, refugees, South Africa, trade, unemployment, United Kingdom, World Economic Outlook | Leave a comment »
Posted on July 13, 2016 by iMFdirect
By Anne-Marie Gulde-Wolf
Version in Français (French), Português (Portuguese)
There are many reasons why deeper financial development—the increase in deposits and loans but also their accessibility and improved financial sector efficiency—is good for sustainable growth in sub-Saharan Africa. For one, it helps mobilize savings and to direct funds into productive uses, for example by providing the start-up capital for the next innovative enterprise. This in turn facilitates a more efficient allocation of resources and increases overall productivity.
Filed under: Africa, Economic outlook, Financial regulation, growth, IMF, International Monetary Fund, Investment | Tagged: financial inclusion, Financial regulation, financial sector, growth, IMF, iMFdirect, International Monetary Fund, investment, Pan-African banks, Regional Economic Outlook: Sub-Saharan Africa, stability, Sub-Saharan Africa | Leave a comment »
Posted on June 30, 2016 by iMFdirect
When global banks decide to withdraw from some countries and no longer do business with banks there, the global effect so far has been a gentle ripple, but if unaddressed, it may become more like a tsunami for the countries they leave.
Filed under: banking, Financial regulation, IMF, International Monetary Fund, Investment, trade | Tagged: Angola, banking services, Caribbean, Financial regulation, financial system, foreign payments, global banks, growth, IMF, iMFdirect, International Monetary Fund, investment, jobs, Liberia, Samoa, trade | Leave a comment »
Posted on June 22, 2016 by iMFdirect
By Christine Lagarde
Version in Español (Spanish)
The U.S. economy is in good shape, despite some setbacks in very recent months. The latest IMF review of the U.S. economy can be summed up in three numbers: above 2, below 5, and 4. What does that mean?
Filed under: Advanced Economies, Economic research, Financial markets, growth, IMF, International Monetary Fund, labor markets, monetary policy, U.S. | Tagged: advanced economies, Christine Lagarde, GDP, growth, IMF, income inequality, International Monetary Fund, labor force, population, poverty, productivity, productivity gains, trade, United States, US ecconomy, women | Leave a comment »