Policy Actions to Sustain Growth and Guard Against Risks

2019-03-14T14:29:58-04:00March 15, 2018|

By Christine Lagarde

March 15, 2018

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

Even though the sun still shines on the global economy, there are more clouds on the horizon (iStock by GettyImages).

When the Group of Twenty finance ministers and central bank governors met last October, there was a sense of optimism about the global economic upswing and the opportunities for […]

Beware of Strike-it-Rich Euphoria: the Curse of Potential Oil Wealth

2019-03-15T09:41:05-04:00March 9, 2018|

By IMFBlog

March 9, 2018

(photo: Nielubieklonu/iStock).

The resource curse, or paradox of plenty, is when countries with an abundance of natural resources suffer stagnant economic growth or even contraction.

In this podcast, World Bank economist James Cust, says the problem of eradicating extreme poverty is going to be about how resource-rich countries manage their resource wealth. […]

Beyond the Austerity Debate: the Deficit Bias in the post-Bretton Woods Era

2017-04-15T14:07:42-04:00May 21, 2012|

The growth versus austerity debate is detracting attention from policy issues that may seem less urgent, but which are nevertheless critical in the medium term. I am referring to what I would call the institutional gaps in fiscal policymaking that still exist in most advanced and emerging economies. These gaps have contributed to a bias in the conduct of fiscal policy in favor of deficits that is behind many of the current problems.

Latin America: Making the Good Times Last

2017-04-15T14:10:51-04:00March 22, 2012|

Clearly, global uncertainties have weighed on Latin America, but most economies are nevertheless growing close to potential and operating near full capacity, as shown by record low unemployment in many economies. Demand and credit growth have moderated, but continue to expand briskly, in some countries supported by public financial institutions. Overall, Latin America stands out as a relatively bright spot in a gloomy world scene.

Global Growth Hits a Soft Patch

2017-04-15T14:21:53-04:00June 17, 2011|

Despite a mild slowdown, the global economic recovery continues but the road to health will be a long one. Downside risks, both old and new, are increasing. Our world forecast is 4.3% growth for 2011, and 4.5% for 2012, so down by 0.1% for 2011, and unchanged for 2012, relative to April. This figure hides very different performances for advanced economies on the one hand, and for emerging and developing economies on the other.
Go to Top