CHART OF THE WEEKPutting Public Investment to Work
For countries on the path to recovery, reviving economic activity is a major priority. And what better way to support a come-back than by creating jobs. […]
IMFBlog2021-11-05T09:45:55-04:00August 11, 2021|
For countries on the path to recovery, reviving economic activity is a major priority. And what better way to support a come-back than by creating jobs. […]
IMFBlog2020-11-25T09:39:06-05:00November 24, 2020|
By IMFBlog
عربي, 中文, Español, Français, 日本語, Português, Русский
With vaccines around the corner, there is increased hope that the pandemic could soon be under better control. That said, the need for cooperative efforts to work toward a better future has never been greater. Priority areas relate to the need to produce and distribute vaccines globally, tackle climate change, and bolster the economic recovery from the crisis.
An IMF report published ahead of the G20 leaders meeting argues that a synchronized infrastructure investment push could invigorate growth, limit scarring, and address climate goals. In fact, when many countries act at the same time, public infrastructure investment could help lift growth domestically and abroad through trade linkages. This positive “spillover” effect could provide an additional boost to global output.
The spillovers created by higher demand are particularly impactful when economic conditions are weak and interest rates low. When economic conditions are strong, higher government spending may push inflation above the central bank’s target and trigger a monetary policy tightening, offsetting some of the initial boost to demand. But when conditions are weak and inflation is well below target, monetary policy is less likely to tighten in response to higher government […]
IMFBlog2020-10-15T12:36:40-04:00October 14, 2020|
By Vitor Gaspar, Paulo Medas, John Ralyea, and Elif Ture
عربي, 中文, Español, Français, 日本語, Português, Русский
The COVID-19 crisis has devastated people’s lives, jobs, and businesses. Governments have taken forceful measures to cushion the blow, totaling a staggering $12 trillion globally. […]
IMFBlog2021-07-19T13:05:20-04:00October 5, 2020|
By Vitor Gaspar, Paolo Mauro, Catherine Pattillo, and Raphael Espinoza
عربي, 中文, Español, Français, 日本語, Português, Русский
Governments around the world are taking extraordinary measures to respond to the COVID-19 crisis. While maintaining the focus on addressing the health emergency and providing lifelines for households and businesses, governments need to prepare economies for the transition to the post-COVID-19 world—including by helping people get back to work. […]
IMFBlog2020-09-03T18:02:00-04:00September 3, 2020|
By Gerd Schwartz, Manal Fouad, Torben Hansen, and Geneviève Verdier
عربي, 中文, Español, Français, 日本語, Português, Русский
COVID-19 has had a profound impact on people, firms, and economies all over the world. While countries have ramped up public lifelines to individuals and firms they will face enormous challenges to recover from the pandemic, amidst low economic activity and unprecedented levels of debt. […]
IMFBlog2020-05-07T09:38:49-04:00May 6, 2020|
Vitor Gaspar, W. Raphael Lam, and Mehdi Raissi
عربي, 中文, Español, Français, 日本語, Português, Русский
Fiscal policies have provided large emergency lifelines to people and firms during the COVID-19 pandemic. They are also invaluable to increase a country’s readiness to respond to a crisis and to help with the recovery and beyond. […]
IMFBlog2019-11-07T16:11:15-05:00November 6, 2019|
By William Gbohoui, Raphael Lam, and Victor Lledo
Social and economic inequality between and within regions in countries is rising in many advanced economies and is now at the forefront of the policy debate because of perceptions that some people and places have been left behind. […]
IMFBlog2019-08-21T14:07:25-04:00May 28, 2019|
IMFBlog2019-04-05T11:48:47-04:00April 4, 2019|
By Vitor Gaspar, Paolo Mauro and Paulo Medas
عربي, 中文, Español, Français, 日本語, Português, Русский
No country is immune to corruption. The abuse of public office for private gain erodes people’s trust in government and institutions, makes public policies less effective and fair, and siphons taxpayers’ money away from schools, roads, and hospitals. […]
IMFBlog2019-03-13T10:53:11-04:00December 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. […]