COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond

2020-08-14T10:32:05-04:00August 6, 2020|

By Martin Mühleisen, Tryggvi Gudmundsson, and Hélène Poirson Ward

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

The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. […]

Creating a Better Global Trade System

2019-03-14T11:44:23-04:00May 29, 2018|

By Christine Lagarde

May 29, 2018

Versions in عربي, 中文FrançaisBaˈhasa indoneˈsia, 日本語, PortuguêsРусский    

Engineers inspect the 3D printing of a bicycle frame in California: trade in services has risen dramatically and the use of technology is changing how countries trade with each other (photo: Stephen Lam/Reuters /Newscom).

Recent news on global trade has tended to focus on protectionist measures and diplomatic tensions. These challenges have raised concerns over growth and jobs across the world. […]

The Year in Review: Global Economy in 5 Charts

2019-03-15T13:00:47-04:00December 17, 2017|

By Oya Celasun, Gian Maria Milesi-Ferretti, and Maurice Obstfeld

December 18, 2017

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

On the economic front, 2017 is ending on a high note (photo: allstars/shutterstock).

It has been a tumultuous year marked by natural disasters, geopolitical tensions, and deep political divisions in many countries.

On the economic front, however, 2017 is ending on a high […]

Challenges Ahead: Managing Spillovers

2017-04-14T01:50:26-04:00November 26, 2014|

By Olivier Blanchard, Luc Laeven, and Esteban Vesperoni

The last five years have been a reminder of the importance of interconnections and risks in the global economy. They have triggered intense discussions on the optimal way to combine fiscal, monetary, and financial policies to deal with spillovers, and on the need and the scope for coordination of such policies.

The IMF’s 15th Jacques Polak Annual Research Conference, which took place in Washington DC on November 13 and 14, 2014, focused on Cross-Border Spillovers, and took stock of what […]

Three Key Questions About the Slowdown in Emerging Markets

2017-04-14T01:54:44-04:00September 18, 2014|

Sweta SaxenaBy Sweta Saxena

1. Are emerging markets slowing down? Yes. They have been slowing down for some time now. GDP growth has declined from 7 percent during the pre-crisis period (2003-8) to 6 percent over the post-crisis period (2010-13) to 5 percent, in our projections, over the next 5 years (2014-18).  This path is illustrated below in Chart 1. This last point stands out. Despite an uneven recovery, growth in advanced economies is projected to eventually recover. Not so for emerging markets.

[…]

When You Move, I Move: Increasing Synchronization Among Asia’s Economies

2017-04-14T02:01:47-04:00May 5, 2014|

Romain DuvalBy Romain Duval

(Version in 中文, and 日本語)

In recent decades, trade integration within Asia has increased more than in other regions. In valued-added terms, intraregional trade grew on average by over 10 percent a year from 1990 to 2012, twice the pace seen outside of Asia. Likewise, financial integration within the region has started to catch up, although it still lags behind trade integration. Concomitantly, business cycles in Asia have become steadily more synchronized over the past two decades, […]

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