Catch-Up Prospects in Emerging Economies: A Glass One Quarter Empty

2019-03-15T13:34:49-04:00November 6, 2017|

By IMFBlog

November 6, 2017

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

A closer look at per capita incomes by country paints a different and more nuanced picture (photo: Pavel1964/iStock).

Per capita incomes in emerging market and developing economies are expected to grow by about 2 percentage points faster per year than advanced economies between 2017 and 2022. The implication is that the gap in income […]

Drifting Apart: Income Convergence in the Euro Area

2019-03-15T16:11:02-04:00September 13, 2017|

A souvenir shop in Lisbon, Portugal: Income convergence in the euro area has slowed (Photo: Rafael Marchante/REUTERS/Newscom)

By Jeffrey Franks and Hanni Schölermann

September 13, 2017

Versions in Español (Spanish), 語 (Japanese)

The experience of recent decades has challenged the prediction that the single currency would help differences in income levels across euro area countries narrow over time. This income convergence among the founding countries of the euro has not happened, prompting […]

Growing Pains: Europe’s Dilemma

2017-04-15T14:16:44-04:00October 21, 2011|

By Bas Bakker

(Versions in Español and Français )

As the crisis in Europe deepens, it is worth asking how it all went wrong in the first place. In the past decade there have been stark differences in per capita GDP growth in Europe. Growth rates have ranged from close to zero in Italy and Portugal to more than 4 percent in the best performers. Why do some countries in Europe grow much faster than others? And how can those falling behind catch […]

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