Top Ten Charts of the Week: 2017

2018-08-07T08:34:29+00:00January 3, 2018|

By IMFBlog

January 3, 2018

The top 10 charts of the week of 2017 help illuminate the uncharted waters ahead for the global economy  (photo: Kotka, Finland-Newspix24/SipaUS/Newscom).

In the Spring of 2017, we began our Chart of the Week feature on the blog: snapshots in time and over time of how economies work, to help illuminate the uncharted waters ahead for the global economy.

Here are the top ten Charts of the Week of 2017, based on your readership. (more…)

Top Ten Blogs of 2017

2017-12-28T12:53:16+00:00December 28, 2017|

By IMFBlog

December 28, 2017

Read the top ten blogs of 2017 (photo: Times Square- New York-Pacific Press/SipaUSA/Newscom)

We have all had quite the year. Our readers' interests in 2017 focused on topics that affect how people live their lives: why wages are low, rising income and wealth inequality, household debt, climate change, and the scourge of corruption, to name a few.

As we wrap up the highs and lows of 2017 and get ready for whatever 2018 has in store, here is the list of the top ten blogs of the year based on readership. From all the elves editors at IMFBlog, we wish you a year of peace and interesting reads.

(more…)

Climate Change Will Bring More Frequent Natural Disasters & Weigh on Economic Growth

2017-11-28T12:52:41+00:00November 16, 2017|

by Sebastian Acevedo, and Natalija Novta

November 16, 2017

Versions in  عربي (Arabic), 中文(Chinese), Français (French),  日本語 (Japanese), Русский (Russian); Español (Spanish)

As natural disasters become more frequent and intense, countries should invest in resilient infrastructure to better withstand such hazards (photo: Carlos Garcia Rawlins/Newscom).

The weather seems to be getting wilder and fiercer. From devastating hurricanes in the U.S. and the Caribbean, to raging wildfires in California and ruinous floods in India, the human and economic toll of extreme weather events is enormous. (more…)

Global Economic Upswing Creates a Window of Opportunity

2017-10-16T16:55:26+00:00October 10, 2017|

By Maurice Obstfeld

October 10, 2017

Versions in عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)

 

The global recovery is continuing, and at a faster pace. The picture is very different from early last year, when the world economy faced faltering growth and financial market turbulence. We see an accelerating cyclical upswing boosting Europe, China, Japan, and the United States, as well as emerging Asia.

The latest World Economic Outlook has therefore upgraded its global growth projections to 3.6 percent for this year and 3.7 percent for next—in both cases 0.1 percentage point above our previous forecasts, and well above 2016’s global growth rate of 3.2 percent, which was the lowest since the global financial crisis. (more…)

The Unequal Burden of Rising Temperatures: How Can Low-Income Countries Cope?

2017-10-11T10:32:33+00:00September 27, 2017|

By Sebastian Acevedo, Mico Mrkaic, Evgenia Pugacheva, and Petia Topalova

September 27, 2017

Versions in عربي (Arabic), 中文 (Chinese), Español (Spanish), Français (French), 日本語  (Japanese), Русский (Russian)

The Earth’s temperature is rising. This will shape the economic future of communities across the globe (photo: Leolintang/iStock by GettyImages).

The Earth’s temperature is rising and its climate is changing. The increase in temperatures will shape the economic future of communities and countries across the globe. All countries will feel the direct negative effects from unmitigated climate change. But as our research in Chapter 3 of the October 2017 World Economic Outlook shows, the effects of higher temperatures will not be equal everywhere and the brunt of the adverse consequences will be borne by those who can least afford it—low-income countries.  (more…)

End of the Oil Age: Not Whether But When

2017-10-11T15:01:28+00:00September 12, 2017|

By Reda Cherif, Fuad Hasanov, and Aasim M. Husain

September 12, 2017

Versions in ربي (Arabic), 中文 (Chinese), Español (Spanish), Français (French),  日本語  (Japanese), Русский (Russian)

Filling up at a gas station in California: demand for oil could plummet with the rise of renewable energy (Xinhua/Newscom)

A transportation revolution is underway that could completely transform the oil market in the coming decades. (more…)

A Common Cause for Sustainable Growth and Stability in Central Africa

2017-08-02T14:45:54+00:00August 1, 2017|

By Abebe Aemro Selassie

August 1, 2017

Version in Français (French),  Português (Portuguese), and Español (Spanish);

Woman with a machete in Bafut, Cameroon: Six countries in Central Africa have a strategy to turn their economies around, with help from the IMF (photo: Heiner Heine/imageBroker/Newscom)

Six countries in central Africa have been hit hard by the collapse in commodity prices. Oil prices dropped, economic growth stalled, public debt rose, and foreign exchange reserves declined. A delayed response from policymakers, and a regional conflict have worsened the situation further for people in the region.

The countries of the Central African Economic and Monetary Community are Gabon, Cameroon, Chad, the Central African Republic, the Republic of Congo, and Equatorial Guinea. They share a common currency—the CFA franc—that is pegged to the euro, and have a common central bank that holds the region’s pool of foreign exchange reserves. (more…)

Chart of the Week: Electric Takeover in Transportation

2017-07-31T12:29:23+00:00July 31, 2017|

By IMFBlog

July 31, 2017 

An electric car recharges at a meter in London: The UK is the latest country to announce plans to end fossil fuel vehicle sales by 2040 (photo: Sasha Fox Walters/iStock by Getty Images)

The switch from horses to automobiles in the 20th century paved the way for the rise of oil-based transportation and energy use. Today, electric vehicle ownership is picking up speed. Greater affordability of electric vehicles will likely steer us away from our current sources of energy for transportation, and toward more environmentally friendly technology. And that can happen sooner than you think.

Our Chart of the Week from a recent IMF working paper shows that the transition away from motor vehicles could happen in the next 10 to 25 years, based on parallel shifts in the 20th century. Patterns observed in the early days of the horse-car transition closely resemble present-day electric vehicle adoption rates. Between 2011 and 2015, the average annual growth rate of electric vehicle ownership was 120 percent. This is, in fact, slightly faster growth than that of motor vehicles during a comparable timeframe in the past. Using the horse-car parallel, the paper forecasts that by 2040 motor vehicles could mostly disappear in advanced economies, and could comprise about a third of the fleet of all cars in emerging market and developing economies. (more…)

A Firming Recovery

2017-07-26T20:10:37+00:00July 23, 2017|

By Maurice Obstfeld

July 24, 2017

Versions in عربي (Arabic), Bahasa (Indonesian),  中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)

(photo: IMF)

The recovery in global growth that we projected in April is on a firmer footing; there is now no question mark over the world economy’s gain in momentum.

As in our April forecast, the World Economic Outlook Update projects  3.5 percent growth in global output for this year and 3.6 percent for next.

The distribution of this growth around the world has changed, however: compared with last April’s projection, some economies are up but others are down, offsetting those improvements. (more…)

IMF Support for the United Nations’ Sustainable Development Goals

2017-07-21T11:55:16+00:00July 19, 2017|

By Stefania Fabrizio, Roland Kpodar, and Chris Lane

July 19, 2017

Versions in عربي (Arabic),  中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)

Schoolchildren in line in Mali: Reducing the large gap between men’s and women’s education in some low-income states is one of the 2030 goals which IMF advice can address (photo: Stringer/Reuters/Newscom)

Since the adoption of the United Nation’s Sustainable Development Goals (SDGs) in 2015, we at the IMF have supported countries to reach their goals through policy advice, training, and financial support. Results will accrue over time, and we already see some notable progress. (more…)

Load More Posts