A Global Crisis Like No Other Needs a Global Response Like No Other

2020-04-27T10:59:36-04:00April 20, 2020|

By Kristalina Georgieva

عربي,  中文, Español, Français日本語,  Português, Русский

I have been saying for a while that this is a “crisis like no other.” It is:

  • More complex, with interlinked shocks to our health and our economies that have brought our way of life to an almost complete stop;

  • More uncertain, as we are learning only gradually how to treat the novel virus, make containment most effective, and restart our economies; and

  • Truly global. Pandemics don’t respect borders, neither do the economic shocks they cause.

[…]

COVID-19 Pandemic and the Asia-Pacific Region: Lowest Growth Since the 1960s

2020-04-16T11:49:14-04:00April 15, 2020|

By Chang Yong Rhee

عربي, 中文, Français, 日本語, Русский

This is a crisis like no other. It is worse than the Global Financial Crisis, and Asia is not immune. While there is huge uncertainty about 2020 growth prospects, and even more so about the 2021 outlook, the impact of the coronavirus on the region will—across the board—be severe and unprecedented. […]

An Early View of the Economic Impact of the Pandemic in 5 Charts

2020-04-09T07:16:40-04:00April 6, 2020|

By John Bluedorn, Gita Gopinath, and Damiano Sandri

عربي, 中文Español, Français, 日本語, Português, Русский

The COVID-19 pandemic has pushed the world into a recession. For 2020 it will be worse than the global financial crisis. The economic damage is mounting across all countries, tracking the sharp rise in new infections and containment measures put in place by governments. […]

The Declining Fortunes of the Young

2020-02-27T08:30:27-05:00February 27, 2020|

By Era Dabla-Norris , Carlo Pizzinelli, and Jay Rappaport

Will I do as well as my parents?

A positive answer to this question once seemed a foregone conclusion; now, for recent generations, less so. Despite being more educated than their parents, millennials—those born between 1980 and 2000—may have less job stability during their working life. Concerns that it might be more difficult to break into the middle class, or to have enough retirement savings, are also rising to the fore in policy debates in many advanced economies. […]

Finding Solid Footing for the Global Economy

2020-02-21T09:44:28-05:00February 19, 2020|

By Kristalina Georgieva

عربي, Español, Français, 日本語, Português, Русский

As the Group of Twenty industrialized and emerging market economies (G-20) finance ministers and central bank governors gather in Riyadh this week, they face an uncertain economic landscape.

After disappointing growth in 2019, we began to see signs of stabilization and risk reduction, including the Phase 1 U.S.-China trade deal. In January, the IMF projected growth to strengthen from 2.9 percent in 2019 to 3.3 percent in 2020 and 3.4 percent in 2021. This projected uptick in growth is dependent on improved performance in some emerging market and developing economies. […]

A Call for Vigilance After a Strong Year for Risky Assets

2021-05-13T12:56:12-04:00January 28, 2020|

By Tobias Adrian and Fabio Natalucci

عربي, 中文, Español, Français

While we have seen some recent volatility, many risky asset markets around the world had a spectacular year in 2019. Equity market indices were up just over 30 percent in the United States, close to 25 percent in Europe and China, and over 15 percent in emerging markets and Japan. Emerging-market sovereign debt, U.S. high-yield debt, and emerging-market corporate debt all had returns in excess of 12 percent. Remarkably, the fourth quarter of 2019 was especially strong in China and in emerging markets.

[…]

Ensuring the Benefits of Capital Flows in the Middle East

2021-05-13T12:56:12-04:00January 15, 2020|

By Jihad Azour and Ling Zhu

عربي, Français

Since the global financial crisis of 2008, emerging market economies have experienced a surge in capital flows in response to significant monetary easing by major central banks. Gross capital inflows to the Middle East and North Africa (MENA) have remained high compared to other emerging markets, but their composition has changed significantly, with a surge in portfolio flows (equity and bond instruments) and a decline in foreign direct investment. […]

Top 10 Charts of the Week for 2019

2020-01-06T17:16:30-05:00December 30, 2019|

By IMFBlog

The decade is over and with it goes another year of insightful, thought-provoking, and dare we say clever, charts of the week brought to you by the IMF.

Everyone likes a great chart, right? So to get the new year started on the right foot, take a minute and look back at what caught your eye (or what you might have missed) in 2019. […]

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