Posted on December 8, 2016 by iMFdirect
By Hites Ahir and Prakash Loungani
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), Русский (Russian), and Español (Spanish)
During 2007-08, house prices in several countries collapsed, marking the onset of a global financial crisis. The IMF’s Global House Price Index, a simple average of real house prices for 57 countries, is now almost back to its level before the crisis (Chart 1). Is it time to worry again about a global fall in house prices? Continue reading
Filed under: Advanced Economies, China, Europe, growth, housing, International Monetary Fund | Tagged: advanced economies, boom-bust cycle, China, Europe, Global House Price Index, house prices, housing, housing market, IMF, iMFdirect blog, Min Zhu, population growth | Leave a comment »
Posted on April 1, 2010 by iMFdirect
By Masood Ahmed
After an unprecedented global economic downturn, recovery is beginning to take hold across the world. Nevertheless, the downturn has heightened the core challenges that countries faced before the crisis took hold. Among these, one that stands out in the countries of the Middle East and North Africa is youth employment—or a lack of it.
Simply put, the region is facing unparalleled demographic pressures. Population growth over the past two generations has been among the fastest in the world: the region’s work force is projected to reach 185 million in 2020, 80 percent higher than in 2000. And the region is one of the most youthful in the world—with about 60 percent of the population less than 25 years old.
But employment growth has lagged far behind the demands of growing populations, even when the region was experiencing good economic growth. Now with growth rates likely to be more modest after the crisis, the task of generating enough jobs for young men and women is becoming more challenging. Job creation must therefore be a top policy priority going forward.
Filed under: Economic Crisis, Financial Crisis, growth, IMF, International Monetary Fund | Tagged: Egypt, jobs, Middle East, Morocco, Pakistan, population growth, UAE, Youth Dialog, youth unemployment | 3 Comments »