Emerging from the Great Lockdown in Asia and Europe

2020-05-27T19:37:24-04:00May 12, 2020|

By Changyong Rhee and Poul M. Thomsen

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

Several countries in Asia and Europe, where the COVID-19 outbreak appears to have peaked, are gradually reopening their economies. Without a vaccine or effective treatment, policymakers will be balancing the benefits of resuming economic activity against the potential cost of another increase in infection rates. […]

A Post-Coronavirus Recovery in Asia—Extending a “Whatever it Takes” Lifeline to Small Businesses

2020-04-29T08:30:24-04:00April 23, 2020|

By Kenneth Kang and Changyong Rhee

عربي, 中文, Français, 日本語, Русский

Asia was hit hard by the first wave of the coronavirus, as the sudden stop in activity struck households and firms simultaneously—first in China, then elsewhere in Asia, and now globally. Policymakers responded swiftly with aggressive spending to support the medical response and vulnerable households and firms. And central banks took swift actions to expand liquidity.

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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. […]

Limiting the Economic Fallout of the Coronavirus with Large Targeted Policies

2020-03-18T14:41:03-04:00March 9, 2020|

This blog is part of a special series on the response to the coronavirus.

By Gita Gopinath

عربي 中文, EspañolFrançais, 日本語Português, Русский

This health crisis will have a significant economic fallout, reflecting shocks to supply and demand different from past crises. Substantial targeted policies are needed to support the economy through the epidemic, keeping intact the web of economic and financial relationships between workers and businesses, lenders and borrowers, and suppliers and end-users for activity to recover once the outbreak fades. The goal is to prevent a […]

Fiscal Policies to Protect People During the Coronavirus Outbreak

2020-03-16T15:02:56-04:00March 5, 2020|

This blog is part of a special series on the response to the coronavirus.

By Vitor Gaspar and Paolo Mauro

عربي, 中文, EspañolFrançais, 日本語Português, Русский

A key role of government is to protect the well-being of its people—most crucially and visibly during emergencies such as the recent outbreak of the coronavirus. The IMF has $50 billion available in rapid-disbursing emergency financing to help countries suffering from the virus. As Managing Director Kristalina Georgieva said, what we want is to guarantee that people are not going […]

Countries in the IMF Financial Spotlight in 2020

2021-05-13T12:56:12-04:00January 30, 2020|

By IMFBlog

In 2020, the IMF plans to assess the stability of twelve financial systems. Seven assessments are of jurisdictions with systemically important financial sectors (Austria, Denmark, Hong Kong SAR, Italy, Korea, Norway, and the United States), for which it is mandatory to undergo financial stability assessments every five years. […]

All the Way to the Top: Industrial Policy, Innovation, and Sustained Growth

2019-11-13T08:30:17-05:00November 13, 2019|

By Reda Cherif and Fuad Hasanov

The odds of poor or middle-income countries achieving the stardom of the “Asian Miracles” within a generation or two, or even three, are small. Between 1960 and 2014, only 16 developing economies worldwide were able to vault into high-income status, and many of those were fortunate enough to have discovered oil or join the European Union. […]

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