Divergent Recoveries in Asia: History is not Destiny

2021-05-13T12:50:16-04:00February 23, 2021|

by Davide Furceri, Jonathan D. Ostry, and Anthony C.K. Tan

 中文,  日本語

Asian economies are performing better than expected. In the IMF’s latest World Economic Outlook Update, we upgraded our growth estimate for 2020 by 0.7 percentage point from our previous forecast in October, to a contraction of 1.5 percent—in regional terms, a better outcome than other parts of the world. […]

Weak Productivity: The Role of Financial Factors and Policies

2019-03-14T16:02:37-04:00January 8, 2018|

By Romain Duval, Giuseppe Nicoletti, and Fabrizio Zampolli

January 8, 2018

Auto worker in Mexico: weak productivity has been a problem even before the global financial crisis (photo: Henry Romero/Newscom).

Almost ten years after the onset of the global financial crisis productivity growth remains anaemic in advanced economies despite very easy monetary conditions, casting doubts on the sustainability of the cyclical recovery. The productivity slowdown started well […]

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