Behind the News in Greece and China, Moderate Growth Continues

2019-03-27T15:40:31-04:00July 9, 2015|

 By Olivier Blanchard

(Versions in Español and عربي)

Today we published the World Economic Outlook Update.

But first, let me talk about the elephant in the room, namely Greece.

The word elephant may not be right: As dramatic as the events in Greece are, Greece accounts for less than two percent of the Eurozone GDP, and less than one half of one percent of world GDP.
[…]

Advanced Economies Strengthening, Emerging Market Economies Weakening

2017-04-14T02:15:59-04:00October 8, 2013|

WEOBy Olivier Blanchard

(Versions in عربي, 中文Français日本語, Русский, and Español)

The issue probably foremost on everyone’s mind, is the fiscal situation in the United States, and its potential implications.

While the focus is on the shutdown and the debt ceiling,  we should not forget the sequester, which is leading to a fiscal consolidation this year […]

Blanchard Sees Continued Two-Speed Recovery in 2011

2017-04-15T14:30:26-04:00December 30, 2010|

Blanchard says the two-speed global economic recovery is likely to dominate 2011, with weak growth in advanced economies barely enough to bring down unemployment and emerging markets facing the challenges of success, including how to avoid overheating and handle strong capital inflows.

Changing Times: Global Governance Reform and the IMF

2017-04-15T14:42:27-04:00January 11, 2010|

By John Lipsky

The economic and financial crisis of the past two years has placed in high relief profound changes in global economic and financial realities. Most notably, the crisis has underscored the shift in relative economic weight in favor of dynamic emerging market economies. In response, the G-20— a grouping that includes both advanced and large emerging economies—has stepped forward as the premier political venue for addressing economic and financial policy challenges.

These changes are exerting significant influence on the evolution of global governance, and they directly involve the IMF in two concrete ways. First, new advances […]

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