Global Growth Plateaus as Economic Risks Materialize

By Maurice Obstfeld

October 9, 2018

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Uncertainty over trade policy is becoming a drag on economic activity (photo: Imagine China/Newscom)

The latest World Economic Outlook report projects that global growth will remain steady over 2018–19 at last year’s rate of 3.7 percent. This growth exceeds that achieved in any of the years between 2012 and 2016. It occurs as many economies have reached or are nearing full employment and as earlier deflationary fears have dissipated. Thus, policymakers still have an excellent opportunity to build resilience and implement growth-enhancing reforms.

Continue reading “Global Growth Plateaus as Economic Risks Materialize” »

Chart of the Week: Invest in Robots and People in Asia

By IMFBlog

August 29, 2018

عربي, 中文, EspañolBaˈhasa indoneˈsia日本語,  Português, Русский,

An engineer adjusts a robot arm in a robotics plant in Shenyang, China, where industrial robots are widely used for manufacturing (photo: Yang Qing Xinhua News Agency/Newscom)

With about 1 million robots in use in Asia, robotics and automation mean economic risks and growth opportunities for the region. Continue reading “Chart of the Week: Invest in Robots and People in Asia” »

By | August 29th, 2018|Advanced Economies, Asia, labor markets, technology, unemployment, wages|

Euro Area Inflation: Why Low For So Long?

By Yasser Abdih, Li Lin, Anne-Charlotte Paret 

August 28, 2018

Sculpture of the euro outside the European Central Bank, Frankfurt, Germany: Convergence of core inflation towards the ECB’s medium-term objective is likely to be gradual (photo: Alex Domanski/REUTERS/Newscom)

The euro area economy is in its fifth year of recovery, unemployment is close to its pre-crisis level and the output gaps of most countries have closed. Yet, core inflation continues to be low, notwithstanding temporarily high headline inflation due to higher energy prices. Continue reading “Euro Area Inflation: Why Low For So Long?” »

By | August 28th, 2018|Advanced Economies, Europe, inflation, labor markets, unemployment|

Chart of the Week: Educate Girls and Women to Boost Equality

By IMFBlog

August 22, 2018

Versions in عربي,  中文Español,, Français,  日本語, Português

Schoolgirls in Valladolid, Mexico: Policies that focus on educating girls increase the likelihood that they will enter the labor force (photo: kertu_ee/iStock by Getty Images)

Government policies have boosted women’s participation in the work force. But women still make up a smaller percentage of the labor force than men in most countries. Of the many policies available, such as education and legal rights, which ones provide the most “bang for the buck” to reduce inequality between men and women? Continue reading “Chart of the Week: Educate Girls and Women to Boost Equality” »

Chart of the Week: An Answer to the U.S. Wage Puzzle

By Yasser Abdih

July 10, 2018

Hiring is strong, but workers still aren’t seeing big raises (photo: Kutay Tanir/Getty Images by iStock).

Wages in the US have grown slowly in recent years, even as the unemployment rate has fallen to the lowest levels in decades. Continue reading “Chart of the Week: An Answer to the U.S. Wage Puzzle” »

By | July 10th, 2018|Advanced Economies, labor markets, productivity, U.S., unemployment, wages|

Chart of the Week: The Productivity Penalty: World Cup Winners and Losers

By IMFBlog

July 2, 2018 

Versions in  中文, Baˈhasa indoneˈsiaEspañol, Français, 日本語,  Português

Football fans in São Paulo, Brazil watch their team play in the World Cup in Russia (photo: Fotoarena/Newscom)

The World Cup and productivity.  Two of our favorite topics, together in one chart.   Continue reading “Chart of the Week: The Productivity Penalty: World Cup Winners and Losers” »

By | July 2nd, 2018|labor markets, productivity|

Malta’s Good Bet

By IMFBlog

May 7, 2018

Marsaxlokk Harbor, Malta. Not only tourist paradise: the country’s economy makes profits on the betting and gambling industry (photo: iStockPhoto/Andrey Danilovich).

Known mostly for its azure seas and spectacular old towns, Malta has also become a hub for gambling and betting companies: nowhere else in the European Union does this sector account for such a large part of the economy as on the island south of Sicily in the Mediterranean Sea. While the gambling and betting boom contributes to the country’s trade balance and job creation, it also draws attention to a skills shortage and infrastructure gaps the sector is grappling with, a recent IMF paper shows. Continue reading “Malta’s Good Bet” »

Technology and the Future of Work

By Adrian Peralta, and Agustin Roitman

May 1, 2018 

Versions in  عربي (Arabic), baˈhasa indoneˈsia(Indonesian), 中文 (Chinese), Español (Spanish), 日本語 (Japanese), Português (Portuguese), Русский (Russian)

Technology impacts how we work (photo: BSIP/Newscom).

Many feel anxious about the impact of new technology on their jobs. This is not new. In fact, it dates back at least to the Luddites movement at the outset of the Industrial Revolution. And it resurfaced during the Great Depression and again in the 1960s, following a period of high productivity growth, and in the 1980s at the outset of the IT revolution.

How can governments help? By investing in peoples’ skills. Continue reading “Technology and the Future of Work” »

For Home Prices in London, Check the Tokyo Listings

By Claudio Raddatz Kiefer and Jane Dokko

April, 10, 2018

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

Hong Kong viewed from Victoria Peak. House prices across countries and cities are increasingly moving in tandem (Photo: Fraser Hall/Robert Harding/Newscom).

If house prices are rising in Tokyo, are they also going up in London?

Increasingly, the answer is yes.

In recent decades, house prices around the world have shown a growing tendency to move in the same direction at the same time. What accounts for this phenomenon, and what are the implications for the world economy? These are questions that IMF economists explore in Chapter 3 of the latest Global Financial Stability Report. Continue reading “For Home Prices in London, Check the Tokyo Listings” »

Wanted: Policies to Encourage and Enable Work in Advanced Economies

By Francesco Grigoli, Zsóka Kóczán, and Petia Topalova

April 9, 2018 

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

Aging may slow economic growth in advanced economies (photo: Zero Creatives Cultura/Newscom).

Population growth in advanced economies is slowing, life expectancy is rising, and the number of elderly people is soaring. Because older workers participate less in the labor market, the aging of the population could slow growth and, in many cases, threaten the sustainability of social security systems. But, as our research in Chapter 2 of the April 2018 World Economic Outlook shows, there is considerable scope for policies to mitigate the forces of aging by enabling those who are willing to work to do so. Continue reading “Wanted: Policies to Encourage and Enable Work in Advanced Economies” »

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