Fiscal Policy for an Uncertain World
As public debt rises to record levels, countries need to calibrate fiscal policies to their own unique circumstances.
COVID-19: Without Help, Low-Income Developing Countries Risk a Lost Decade
By Daniel Gurara, Stefania Fabrizio, and Johannes Wiegand
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While the COVID-19 crisis is sending shockwaves around the globe, low-income developing countries (LIDCs) are in a particularly difficult position to respond. […]
How To Reignite Growth in Emerging Market and Developing Economies
By Romain Duval and Davide Furceri
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Emerging markets and developing economies have enjoyed good growth over the past two decades. […]
Sluggish Global Growth Calls for Supportive Policies
How Much Should You Save for Retirement?
By David Amaglobeli, Era Dabla-Norris, and Vitor Gaspar
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How much you need to save for retirement depends on your country’s pension system. […]
New Data on Global Debt
By Samba Mbaye and Marialuz Moreno Badia
January 2, 2019
Pedestrians in the snow in Tokyo, Japan: the country is one of the top three borrowers in the world (photo: Morio Taga/Newscom)
Until recently, we had a partial view of global debt. Our new update to the IMF’s Global Debt Database, first made public in May 2018, now fills even more of the gaps. We have compiled data on public and private debt for 190 countries, dating back to 1950, which now includes the latest numbers for 2017.
Global Growth Plateaus as Economic Risks Materialize
October 9, 2018
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Uncertainty over trade policy is becoming a drag on economic activity (photo: Imagine China/Newscom)
The latest World Economic Outlook report projects that global growth will remain steady over 2018–19 at last year’s rate of 3.7 percent. This growth exceeds that achieved in any of the years between 2012 and 2016. It occurs as many economies have reached or are nearing full employment and as earlier deflationary fears have dissipated. Thus, policymakers still have an excellent opportunity to build resilience and implement growth-enhancing reforms.
Lasting Effects: The Global Economic Recovery 10 Years After the Crisis
By Wenjie Chen, Mico Mrkaic, and Malhar Nabar
October 3, 2018
عربي,中文, Español, Français, Baˈhasa indoneˈsia, 日本語, Português, Русский
Woman cleaning in Berlin, Germany: the 2008 global financial crisis has had long-lasting effects on economic growth (photo: Caro/Olaf Jandke/Newscom)
In the year following the 2008 financial crisis, economic activity declined in half of all countries in the world. Our analysis in Chapter 2 of the October World Economic Outlook shows that in many countries output is still well below levels that would have prevailed had output followed its precrisis trend. […]
Mounting Debt Threatens Sustainable Development Goals
By Chris Lane and Elliott Harris
April 27, 2018
Versions in baˈhasa indoneˈsia(Indonesian), Español (Spanish), Français (French), Português (Portuguese)
A market in Port-au-Prince, Haiti: some developing countries are falling behind when it comes to incomes (photo: Dumont Bildarchiv/Newscom).
In 2015, 193 countries adopted the 17 Sustainable Development Goals (SDGs) as an overarching policy roadmap through 2030. These goals are predicated on the idea that for a sustainable future, economic growth must go hand-in-hand with social inclusion and protection of the environment.
Our respective institutions, the United Nations Department of Economic and Social Affairs (UNDESA) and the International Monetary Fund (IMF), fully support these goals. From the UN perspective, they represent a down payment on a more peaceful, prosperous, and cooperative world, especially in increasingly perilous times. For the IMF, they help underpin economic stability and sustainable and inclusive economic growth. […]