Chart of the Week: Sub-Saharan Africa’s Growth—A Tale of Different Experiences

2019-03-13T10:53:11-04:00December 13, 2018|

By IMFBlog

December 13, 2018

Villagers of Moruleng mining community in South Africa; Sub-Saharan Africa countries can see an increase in growth by relying less on commodities and more on non-resource intensive investments. (Photo: SIPHIWE SIBEKI/Reuters/Newscom)

The story of Africa’s growth rate over recent years is a tale with several story lines.  […]

The Global Expansion: Still Strong but Less Even, More Fragile, Under Threat

2019-03-14T09:28:49-04:00July 16, 2018|

By Maurice Obstfeld

July 16, 2018

Versions in عربيBaˈhasa indoneˈsia中文EspañolFrançais日本語PortuguêsРусский 

The escalation of trade tensions is the greatest near-term threat to global growth (photo: wildpixel/Getty Images by iStock)

Amid rising tensions over international trade, the broad global expansion that began roughly two years ago has plateaued and become less balanced. […]

Economic Growth and Fairness in the Middle East and North Africa

2019-03-15T12:06:16-04:00January 18, 2018|

By Jihad Azour

January 18, 2018

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

The people of the region are rightly demanding economic growth and fairness.  The IMF aims to help them in this effort (photo: Tunis, Tunisia, ZOUBEIR SOUISSI/REUTERS/Newscom).

Rising social tensions and protests in several countries across the Middle East and North Africa are a clear indication that the aspirations of the people of the region—for opportunity, prosperity […]

Chart of the Week: Oil Prices & Energy Subsidies

2019-03-15T13:24:03-04:00November 27, 2017|

By IMFBlog

November 27, 2017

Versions in  中文(Chinese); Español (Spanish), Français (French), 日本語 (Japanese)

Universal fuel and energy subsidies have been prevalent in sub-Saharan Africa, but they have substantial drawbacks (photo: Reuters/Newscom).

Reforms in some mostly oil-exporting countries, along with lower international fuel prices since 2014, have reduced the size of fuel subsidies in sub-Saharan Africa, and they need to do more  given the recent rise in international fuel […]

OPEC’s Rebalancing Act

2019-03-26T10:06:22-04:00March 15, 2017|

By Rabah Arezki and Akito Matsumoto

Versions in عربي (Arabic), Français (French), Русский (Russian), and Español (Spanish)

In November 2014, the Organization of Petroleum Exporting Countries (OPEC) decided to maintain output despite a perceived global glut of oil. The result was a steep decline in price.

Two years later, on November 30, 2016, the organization took a different tack and committed to a six-month, 1.2 million barrel a day (3.5 percent) reduction in OPEC crude oil output to 32.5 million barrels per day, effective in January 2017. The result was a small price increase and some price stability. […]

Oil Prices and the Global Economy: It’s Complicated

2019-03-27T10:52:25-04:00March 24, 2016|

By Maurice Obstfeld, Gian Maria Milesi-Ferretti, and Rabah Arezki

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

Oil prices have been persistently low for well over a year and a half now, but as the April 2016 World Economic Outlook will document, the widely anticipated “shot in the arm” for the global economy has yet to materialize. We argue that, paradoxically, global benefits from low prices will likely appear only after prices have recovered somewhat, and advanced economies have made more progress surmounting the current low interest rate environment.

[…]

Trading Out of Trouble in Latin America

2019-03-27T14:22:28-04:00November 4, 2015|

By Natalija Novta and Fabiano Rodrigues Bastos

(Versions in Español and Português)

Growth in Latin America and the Caribbean is suffering a double whammy—economic activity has slowed down sharply and the medium-term outlook continues to deteriorate. It is therefore not surprising that policymakers across the region are eagerly searching for ways to revitalize growth.

One answer may be more trade—both within the region and with the rest of the world. Our new study analyzes the export performance in developing and emerging market regions over the past two decades to assess the potential for future export growth […]

Sovereign Wealth Funds in the New Era of Oil

2019-03-27T14:37:31-04:00October 26, 2015|

By Rabah Arezki, Adnan Mazarei, and Ananthakrishnan Prasad 

(Versions in عربي and 中文)

As a result of the oil price plunge, the major oil-exporting countries are facing budget deficits for the first time in years. The growth in the assets of their sovereign wealth funds, which were rising at a rapid rate until recently, is now slowing; some have started drawing on their buffers.

In the short run, this phenomenon is not cause for alarm. Most oil exporters have enough buffers to withstand a temporary drop in oil prices. But what will happen if low […]

Seeking Fairness in the Middle East and North Africa: How Taxation Can Help

2019-03-27T15:16:43-04:00September 8, 2015|

Pritha MitraBy Pritha Mitra

(Versions in Français and عربي)

Aspirations for greater fairness were at the core of the protests that triggered the Arab Spring almost five years ago—and remain largely unfulfilled today. In our new paper, we show that tax reform can go a long way towards meeting those aspirations.

Taxation is a critical interface between the state and citizens. How much revenue is raised, how the tax burden is distributed, and how taxation is implemented can all powerfully affect both the reality and the perception of […]

Go to Top