Posted on September 16, 2016 by iMFdirect
By Christine Lagarde
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語(Japanese), Русский (Russian), and Español (Spanish)
As world leaders head to New York this week for the United Nations General Assembly, there is still no end to the heart-breaking images of war-torn cities in the Middle East and North Africa, and of a massive exodus of people looking for sanctuary and opportunities to sustain a livelihood.
Filed under: Economic research, Europe, International Monetary Fund, Middle East, Migration, poverty, refugees, unemployment | Tagged: Christine Lagarde, conflict-affected states, Europe, IMF, iMFdirect blog, International Monetary Fund, Iraq, Jordan, Libya, Middle East, Middle East and North Africa, Migration, poverty, refugees, Syria, Tunisia, unemployment, Yemen | Leave a comment »
Posted on August 17, 2016 by iMFdirect
By Shekhar Aiyar, Christian Ebeke, and Xiaobo Shao
Versions in Français (French), and Español (Spanish)
In parallel to the aging of the general population, the workforce in the euro area is also growing older. This could cause productivity growth to decline in the years ahead, raising another policy challenge for governments already dealing with legacies from the crisis such as high unemployment and debt. Continue reading
Filed under: Advanced Economies, aging, Employment, euro zone, Europe, growth, health, IMF, International Monetary Fund, labor force | Tagged: aging, employment, euro area, Euro Area countries, Europe, health, IMF, International Monetary Fund, labor force, productivity, retirees, training, unemployment, United Kingdom, United States, workers | 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 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 May 3, 2016 by iMFdirect
By Prakash Loungani and Zidong An
Version in Español (Spanish)
Forecasts of real GDP growth attract a lot of media attention. But what matters more to the person on the street is how growth translates into jobs. Unfortunately, the mediocre growth outlook of recent years may lead to a disturbing outlook for jobs, particularly among fuel-exporting countries and in the Latin America and Caribbean region.
Filed under: Advanced Economies, Caribbean, developing countries, Emerging Markets, euro zone, Inequality, International Monetary Fund, Latin America, U.S., unemployment | Tagged: Argentina, Brazil, Caribbean, euro area, IMF, inequality, jobs, labor market, Latin America, Okun coefficient, poverty, unemployment, United States, Venezuela, World Economic Outlook | Leave a comment »
Posted on May 29, 2015 by iMFdirect
By Jeff Hayden
World leaders will come together three times—in July, September, and December—to press for progress in the fight against poverty and to forge partnerships in support of better-quality life around the world.
In July, government officials and representatives from civil society organizations, donor groups, and the private sector will meet in Addis Ababa, Ethiopia, to secure the financing needed to lift millions out of extreme poverty.
The global community assembles again in New York in September to review progress under the Millennium Development Goals (MDGs), which expire this year, and to adopt new ones—the Sustainable Development Goals (SDGs)—that map out development through 2030.
Filed under: Advanced Economies, Africa, Civil Society, Economic research, Emerging Markets, Employment, Europe, Finance, Fiscal policy, Global Governance, Globalization, Government, IMF, International Monetary Fund, Multilateral Cooperation, Politics, unemployment | Tagged: Africa, Arab Spring, Christine Lagarde, Civil Society, development, development financing, F&D, Finance & Development magazine, infrastructure, Millennium Development Goals, poverty, terrorist financing, unemployment, United Nations, United Nations Conference on Sustainable Development, youth unemployment | Leave a comment »
Posted on April 28, 2015 by iMFdirect
By Ravi Balakrishnan and Juan Solé
(Version in Español)
Last month’s report on U.S. jobs was disappointing, with far fewer jobs than expected added in March. A longer-term look at trends yields a different picture, however. Over the past year, U.S. job creation has been impressive. Payroll gains have averaged 260,000 per month—well above the 160,000 monthly average seen throughout the 2010–13 recovery.
Filed under: Advanced Economies, Economic Crisis, Economic outlook, Economic research, Employment, Financial Crisis, Government, growth, IMF, International Monetary Fund, unemployment | Tagged: Great Recession, human capital, immigration, job creation, labor force, Macroeconomic policies, reform, U.S., U.S. Fed, unemployment, United States | Leave a comment »