How the Great Lockdown Saved Lives

2020-06-03T15:06:47-04:00June 2, 2020|

By Pragyan Deb, Davide Furceri, Jonathan D. Ostry and Nour Tawk

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

Since the COVID-19 outbreak was first reported in Wuhan, China in late December 2019, the disease has spread to more than 200 countries and territories. In the absence of a vaccine or effective treatment, governments worldwide have responded by implementing unprecedented containment and mitigation measures—the Great Lockdown. […]

The Uneven Path Ahead: The Effect of Brexit on Different Sectors in the UK Economy

2019-03-13T10:57:28-04:00December 4, 2018|

By Jiaqian Chen

December 4, 2018

عربي, 中文Español, Français日本語,  PortuguêsРусский

A UK border agency worker holds a passport: As a member of the European Union, free labor mobility has enabled the UK to hire talent from across the EU (photo: Mac Gregor/Reuters/Newscom)

The United Kingdom is set to leave the European Union in March 2019. Our research suggests that all likely Brexit outcomes will entail an economic cost for the UK, and these costs would be unevenly spread across different sectors and regions. […]

Economic Gains from Gender Inclusion: Even Greater than You Thought

2019-03-13T11:47:26-04:00November 28, 2018|

By Christine Lagarde and Jonathan D. Ostry

November 28, 2018

عربي, 中文, Español, Français, 日本語PortuguêsРусский

Raising women’s participation in the workforce can give a bigger boost to growth than previously thought (photo: Ahrens/Steinbach Projekte/fotogloria/Newscom)

Despite some progress, the gaps in labor force participation between men and women remain large. […]

Chart of the Week: Equal Pay Remains a Global Issue

2019-03-13T15:27:01-04:00August 6, 2018|

By IMFBlog

August 6, 2018

Versions in عربي中文,  EspañolFrançais日本語, PortuguêsРусский 

The G7 countries, which are committed to the need for closing the gender gap, have a wage gap average of about 16 percentage points (photo: iStock by GettyImages).

In the battle for the parity of the sexes, some countries have made progress in reducing inequality—such as in access to health care, education, and financial services—but worldwide, men still have more economic opportunities than women. […]

Chart of the Week: China’s Thrift, and What to Do About It

2019-03-15T10:18:30-04:00February 26, 2018|

February 26, 2018

By IMFBlog

A pedestrian walks in front of a branch of the Postal Savings Bank of China in Nanjing. China’s saving rate is one of the world’s highest (photo: Imagine China/Newscom).

What makes China’s citizens so thrifty, and why does that matter for China and the rest of the world? The country’s saving rate, at 46 percent of GDP, is among the world’s highest. Households account for about half of savings, with corporations and the government making up the rest.

Saving is good, right? Up to a point. But too much saving by individuals can be bad for society. That’s because the flip side of high savings is low consumption and low household welfare. High savings can also fuel excessive investment, resulting in a buildup of debt in China. And because people in China save so much, they buy fewer imported goods than they sell abroad. That contributes to global imbalances, according to a recent IMF paper, China’s High Savings: Drivers, Prospects, and Policies. The country’s authorities are aware of the […]

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