Posted on September 6, 2016 by iMFdirect
By Longmei Zhang
Version in 中文 (Chinese)
The word “rebalancing” is often used to describe China’s economic transition. But what does it mean? And how much is China rebalancing? A recent IMF paper attempts to answer these questions. Continue reading
Filed under: Advanced Economies, aging, Asia, China, climate change, Financial markets, growth, Inequality, International Monetary Fund, Reform | Tagged: aging, China, Chinese economy, Climate change, economic rebalancing, GDP, global financial crisis, IMF, iMFdirect, inequality, International Monetary Fund, investment, pollution, structural reforms | Leave a comment »
Posted on September 1, 2016 by iMFdirect
By Christine Lagarde
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
Low growth, high inequality, and slow progress on structural reforms are among the key issues that G20 leaders will discuss at their meeting in Hangzhou, China, this weekend. This meeting comes at an important moment for the global economy. The political pendulum threatens to swing against economic openness, and without forceful policy actions, the world could suffer from disappointing growth for a long time. Continue reading
Filed under: Advanced Economies, Emerging Markets, G-20, International Monetary Fund | Tagged: China, International Monetary Fund, Low, policy, structural reforms, trade | Leave a comment »
Posted on July 25, 2016 by iMFdirect
By David Lipton
Versions in عربي (Arabic), Español (Spanish)
Almost a decade after the start of the global financial crisis, the world economy is still trying to achieve escape velocity. The IMF’s recent forecast for global growth is a disappointing 3.1 percent in 2016 and 3.4 percent in 2017. And the outlook remains clouded by increased economic and political uncertainty, including from the impact of the Brexit vote.
Policymakers have taken forceful macroeconomic policy action to support growth, such as fiscal stimulus and appropriately accommodative monetary policy. But a lasting recovery remains elusive. Continue reading
Filed under: Advanced Economies, Financial Crisis, Fiscal policy, G-20, International Monetary Fund | Tagged: Brazil, business cycle, competition, foreign direct investment, IMF, India, Indonesia, International Monetary Fund, macroeconomic policy, monetary policy, structural reforms, trade | Leave a comment »
Posted on July 11, 2016 by iMFdirect
By Vivek Arora
Version in 中文 (Chinese), Español (Spanish)
IMF lending increased to unprecedented levels in the aftermath of the global financial crisis. As difficulties emerged, we extended financial support to countries across the world—in the euro area, Africa, Asia, the Middle East, and emerging economies in Europe.
The IMF tried to draw lessons in real time as the crisis evolved in order to adapt our operations. We reviewed individual programs and, from time to time, paused and took stock of our experience across countries.
Filed under: Economic research, Financial Crisis, Fiscal policy, IMF, International Monetary Fund, Multilateral Cooperation | Tagged: Africa, Arab Spring, Asia, crisis programs, emerging economies, Europe, financial crises, financing arrangements, fiscal policy, global financial crisis, IMF, iMFdirect, International Monetary Fund, Middle East, structural reforms | Leave a comment »
Posted on April 13, 2016 by iMFdirect
By José Viñals
Versions in عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
Over the last six months, global financial stability risks increased as a result of the following developments:
- First, macroeconomic risks have risen, reflecting a weaker and more uncertain outlook for growth and inflation, and more subdued sentiment. These risks were highlighted yesterday at the World Economic Outlook press conference.
- Second, falling commodity prices and concerns about China’s economy have put pressure on emerging markets and advanced economy credit markets.
- Finally, confidence in policy traction has slipped, amid concerns about the ability of overburdened monetary policies to offset the impact of higher economic and political risks.
Filed under: Advanced Economies, banking, euro zone, Europe, Finance, Financial markets, IMF, International Monetary Fund, oil, U.S. | Tagged: banking, banks, China, corporate sector, debt, emerging market economies, euro area, Europe, Global Financial Stability Report, monetary policy, non-performing loans, NPLs, structural reforms | Leave a comment »
Posted on November 17, 2015 by iMFdirect
By Jorg Decressin and Prakash Loungani
Devaluation is often part of the remedy for a country in financial trouble. Devaluation boosts the competitiveness of a country’s exports and curtails imports by making them more costly. Together, the higher exports and the reduced imports generate some of the financial resources needed to help the country get out of trouble.
For countries that belong to—and want to stay in—a currency union, however, devaluation is not an option. This was the situation facing several euro area economies at the onset of the global financial crisis: capital had been flowing into these countries before the crisis but much of it fled when the crisis hit.
Filed under: Advanced Economies, Economic outlook, Economic research, Emerging Markets, Employment, Europe, Financial Crisis, Fiscal policy, growth, IMF, Inequality, International Monetary Fund | Tagged: central bank, euro area, spillover, structural reforms, wage moderation, wages | Leave a comment »
Posted on October 15, 2015 by iMFdirect
According to Plato, you do not really know something unless you can give an account of it. Otherwise, you have just an opinion and not real knowledge. The seminars that took place during the IMF’s Annual Meetings in Lima, Peru would have made Plato proud.
Our editors deployed their pens and notepads and brought back these themes and highlights.
Filed under: Advanced Economies, Annual Meetings, Asia, Economic outlook, Emerging Markets, Financial Crisis, Globalization, IMF, Inequality, International Monetary Fund, Latin America | Tagged: Climate change, commodity prices, economic growth, emerging markets, energy subsidies, financial inclusion, fiscal policy, IMF/World Bank Annual Meetings, oil prices, Peru, structural reforms | Leave a comment »