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 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 »
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 October 22, 2015 by iMFdirect
By Sonali Jain-Chandra, Kalpana Kochhar, and Monique Newiak
(Versions in عربي, 中文, Français, 日本語, Русский, and Español)
Despite progress, wide gaps between women and men’s economic empowerment and opportunity remain, which policymakers need to tackle urgently. In most countries, more men than women work, and they get paid more for similar work. Also, there are considerable gender gaps in access to education, health and finance in a number of countries. There is mounting evidence that the lack of gender equity imposes large economic costs as it hampers productivity and weighs on growth.
Our new study analyzes the links between these two phenomena—inequality of income and that of gender. We find that gender inequality is strongly associated with income inequality across time and countries of all income groups.
Filed under: Economic Crisis, Economic outlook, Economic research, Emerging Markets, Employment, Fiscal policy, Globalization, IMF, Inequality, International Monetary Fund, Reform | Tagged: developing economies, education, empowering women, gender wage gap, Germany, income inequality, India, inequality, infrastructure, Japan, labor force, tax policy, women labor force participation | Leave a comment »
Posted on June 15, 2015 by iMFdirect
By Era Dabla-Norris, Kalpana Kochhar, and Evridiki Tsounta
(Versions in Español, 中文 , 日本語, عربي,and Русский)
The gap between the rich and the poor is at its widest in decades in advanced countries, and inequality is also rising in major emerging markets (Chart 1). It is becoming increasingly clear that these developments have profound economic implications.
Filed under: Advanced Economies, Africa, Asia, Economic outlook, Economic research, Emerging Markets, Employment, Fiscal policy, growth, IMF, Inequality, International Monetary Fund, Latin America, Low-income countries, Middle East, Reform | Tagged: education, health care, income inequality, inequality, labor market, Latin America, middle class, Middle East and North Africa, poor, rich and poor, Sub-Saharan Africa | 5 Comments »
Posted on September 8, 2014 by iMFdirect
By Era Dabla-Norris
Much of the debate on inequality focuses on its deleterious social and political effects and its impact on growth. But an equally important issue is what policies play a clear role in reducing income inequality.
The results of our new study suggest that improvements in education—even more than factors such as government expenditure or financial sector development—have contributed in an important way to reducing income inequality within countries.
Filed under: Advanced Economies, Economic research, Emerging Markets, Finance, Globalization, growth, Inequality, International Monetary Fund | Tagged: education, expenditure reform, income inequality, inequality, technology, United States | Leave a comment »
Posted on July 21, 2014 by iMFdirect
By Min Zhu
(Versions in 中文, Español)
Asia is set to be the powerhouse for growth in the next decade, just as it was in the last one. The size of its economy is expected to expand more rapidly than the other regions of the world, and its share in the world output is expected to rise from 30 percent to more than 40 percent in the coming decade. The structure of the economy is expected to continue to transform from a narrower manufacturing hub to a group of vibrant, diverse and large markets with a rising middle-class population.
The role of the financial sector is critical in the success of this seismic transformation. Let me explain by focusing on three areas:
Filed under: Asia, Emerging Markets, Employment, Finance, Financial Crisis, Financial regulation, Globalization, growth, IMF, Inequality, International Monetary Fund, Investment | Tagged: Asian financial crisis, bond markets, China, financial services, income inequality, India, Indonesia, Japan, Korea, Min Zhu, population aging | Leave a comment »