Limiting the Economic Fallout of the Coronavirus with Large Targeted Policies

2020-03-18T14:41:03-04:00March 9, 2020|

This blog is part of a special series on the response to the coronavirus.

By Gita Gopinath

عربي 中文, EspañolFrançais, 日本語Português, Русский

This health crisis will have a significant economic fallout, reflecting shocks to supply and demand different from past crises. Substantial targeted policies are needed to support the economy through the epidemic, keeping intact the web of economic and financial relationships between workers and businesses, lenders and borrowers, and suppliers and end-users for activity to recover once the outbreak fades. The goal is to prevent a temporary crisis from permanently harming people and firms through job losses and bankruptcies. […]

Chart of the Week: Sub-Saharan Africa’s Growth—A Tale of Different Experiences

2019-03-13T10:53:11-04:00December 13, 2018|

By IMFBlog

December 13, 2018

Villagers of Moruleng mining community in South Africa; Sub-Saharan Africa countries can see an increase in growth by relying less on commodities and more on non-resource intensive investments. (Photo: SIPHIWE SIBEKI/Reuters/Newscom)

The story of Africa’s growth rate over recent years is a tale with several story lines.  […]

How Flexible Exchange Rates Helped Latin America Adjust to Commodity Price Shocks

2019-03-25T15:31:26-04:00May 25, 2017|

By Yan Carrière-Swallow, Nicolás Magud, and Juan Yépez

May 25, 2017

Versions in Português (Portuguese), and Español (Spanish)

(photo: Ivan Alvarado/Reuters/Newscom)

As world prices for Latin America’s key exports—oil, metal, and agricultural products—fell from their super-cycle peak in 2011 and demand from trading partners weakened, export revenues have dropped sharply. Across most of South America, export revenues have fallen by one-third, and by more than half in the case of Venezuela. The size of these shocks has been historic in some cases, ranking among the largest trade price busts faced by emerging economies around the world since 1960. […]

Oil Low-Commotion

2019-03-27T12:38:46-04:00January 14, 2016|

By iMFdirect

Brent crude oil fell below $30 a barrel yesterday for the first time since 2004, which reminds us that commodity prices are a hot topic that impact everyone, everywhere, one way or another.

So we thought you might like to read a few of our recent blogs about what the !@#$% is going on, and why it matters for the global economy. […]

The Top Ten Blogs of 2015

2019-03-27T13:00:54-04:00December 30, 2015|

by iMFdirect

2015 was a bold year for blogs at the IMF.  Boldness grows less common in the higher ranks, according to Prussian general and military theorist Carl von Clausewitz, but he couldn’t be more wrong when it comes to these blogs: the list includes work by the IMF’s former chief economist Olivier Blanchard and Vitor Gaspar, head of the Fiscal Affairs Department.

[…]

China and Africa: Will the Honeymoon Continue?

2019-03-27T13:04:17-04:00December 21, 2015|

By Wenjie Chen and Roger Nord

(Versions in عربي中文, Français, Português, and Español)

China’s President Xi Jinping’s recent pledge of US$60 billion in financial support over the next three years illustrates the depth of the partnership between China and Africa.

However, China’s shift from an investment-heavy, export led growth strategy to an economic model that relies more on domestic consumption has led to a dramatic decline in commodity prices. Lower commodity prices and lower volumes of trade have hit sub-Saharan Africa’s commodity exporters hard. But over the medium term, this shift may offer sub-Saharan African countries the opportunity to diversify their economies away from natural resources, and create jobs for their young populations, provided they pursue the right policies to foster competitiveness and integrate into global value chains.

[…]

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