Posted on March 27, 2015 by iMFdirect
By Vitor Gaspar
One of the big questions to emerge from the global financial crisis, especially in the euro area, is how to raise a country’s potential growth while restoring healthy public finances. For example, the euro area— despite some favorable news recently — faces marked-down growth prospects alongside high levels of public debt. The combination of high debt and tepid potential growth underscores the importance of improving prospects for sustained growth and safe and resilient public finances. A fundamental question then arises: what is the relation between fiscal consolidation and structural reform?
Filed under: Advanced Economies, Economic Crisis, Economic outlook, Economic research, Employment, Europe, Financial Crisis, Fiscal policy, growth, IMF, International Monetary Fund, Investment, Public debt, Reform | Tagged: euro area, Fiscal Monitor, fiscal policy, Germany, labor market, risk management, structural reform, Sweden, youth | Leave a comment »
Posted on March 16, 2015 by iMFdirect
As many countries around the world are grappling with low growth, India has been marching in the opposite direction. The IMF’s Managing Director Christine Lagarde gave a speech at Lady Sri Ram College in New Delhi to talk about the global economy, India’s economy, and how quality of growth can benefit women, the poor, and the youth of India.
Filed under: Asia, Economic outlook, Economic research, Emerging Markets, Employment, growth | Tagged: Article IV, Christine Lagarde, India, women, youth | Leave a comment »
Posted on December 2, 2014 by iMFdirect
By Christine Lagarde
(Versions in Español and Português)
I am looking forward to being in Peru this week to discuss economic and social developments with the government and a wide range of stakeholders—and also to follow up on the preparations for the next IMF–World Bank Annual Meetings, which will be held in Lima in October 2015. Later this week, I will participate in the Santiago Conference in Chile, where I will meet policymakers and influential representatives from Latin America and the Caribbean to discuss economic approaches to strengthen the entire region.
As I travel to the land of the Andes, I am reminded of the natural beauty of the region, the richness of its culture, and its incredible diversity. Despite its current challenges—growth continues to slow, as global economic and financial conditions are shifting and economies run up against capacity limits—I remain decidedly optimistic about the region’s potential to raise living standards while protecting its unique heritage and precious environment.
Filed under: Economic outlook, Emerging Markets, Español, Finance, Fiscal policy, Globalization, Government, growth, IMF, International Monetary Fund, Latin America, Reform | Tagged: Caribbean, Chile, Christine Lagarde, commodiity prices, conference, education, health care, inequality, infrastructure, Latin America, Peru, poverty, youth | Leave a comment »
Posted on October 12, 2014 by iMFdirect
By Sabina Bhatia
I know it might sound odd, but I actually like the IMF-World Bank Annual Meetings. I know the traffic snarls on Pennsylvania Avenue are terrible, Washington cabbies ruder than ever, lots of men in dark suits (and sadly, they are still mostly men), and there is the constant rush from meeting to meeting.
But beyond the long lines, long hours, cold coffee and the constant buzz of communiqués, press releases, and scores of official meetings, I find my place in the rich and stimulating discussions among the non-official community.
This year, over 600 civil society organizations, including members of parliament, academics, and several youth and labor groups, came to the meetings. They deliberated, discussed and debated some thorny issues. The burning issues close to their hearts? Not that different from what officials are also debating. Here is some of what I heard:
Filed under: Africa, Annual Meetings, Civil Society, Economic research, Emerging Markets, Europe, Global Governance, IMF | Tagged: academics, civil society organizations, debt, ebola, inequality, infrastructure, investment, jobs, Labor, parliament, recovery, unemployment, women, youth | Leave a comment »
Posted on August 7, 2014 by iMFdirect
By Ravi Balakrishnan
(Version in Español)
It’s not supposed to be this way. As the U.S. economy recovers, hirings increase and people are encouraged to look for jobs again. Instead, the ratio of the adult population with jobs, or looking for one—what’s called the labor force participation rate—has been falling, standing at 62.9 percent in July 2014 (Figure 1).
Filed under: Advanced Economies, Economic Crisis, Economic outlook, Economic research, Employment, Financial Crisis, growth, IMF, International Monetary Fund, unemployment | Tagged: Great Recession, job-creating growth, labor force, labor market, Macroeconomic policies, United States, youth | Leave a comment »
Posted on October 3, 2012 by iMFdirect
By Min Zhu
Over 200 million people are unemployed around the world, with double-digit jobless rates in many European countries and in many emerging markets. Youth unemployment and long-term unemployment are at alarming levels.
The number of unemployed people is nearly 16 million higher today than in 2007 among countries where labor markets are tracked regularly by the IMF. Much of this increase has been in advanced economies (Chart 1).
The need to tackle the unemployment crisis in these economies is self-evident. But what is to be done?
Filed under: Advanced Economies, Economic Crisis, Economic research, Emerging Markets, Employment, Europe, Finance, Fiscal policy, growth, Inequality, International Monetary Fund, Politics | Tagged: employment, growth, ILO, International Labour Organization, jobless, jobs, jobs strategy, LICs, Min Zhu, Peterson Institute, Spain, unemployed, United States, youth | 10 Comments »