A Global Crisis Like No Other Needs a Global Response Like No Other

2020-04-27T10:59:36-04:00April 20, 2020|

By Kristalina Georgieva

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

I have been saying for a while that this is a “crisis like no other.” It is:

  • More complex, with interlinked shocks to our health and our economies that have brought our way of life to an almost complete stop;

  • More uncertain, as we are learning only gradually how to treat the novel virus, make containment most effective, and restart our economies; and

  • Truly global. Pandemics don’t respect borders, neither do the economic shocks they cause.

[…]

The Long-Term Impact of Brexit on the European Union

2019-03-13T15:25:22-04:00August 10, 2018|

By Jiaqian Chen, Christian Ebeke, Li Lin, Haonan Qu, and Jesse Siminitz

August 10, 2018

Versions in EspañolFrançaisPortuguês

A container ship entering the Port of Marseille, France: The UK is among the European Union’s largest trading partners, accounting for about 13 percent of its trade in goods and services (photo: Gerard Bottino/Newscom)

When the United Kingdom leaves the European Union, higher barriers to trade, capital flows, and labor mobility will affect output and jobs not only in the UK but also in the remaining 27 EU member states. […]

Chart of the Week: Electric Takeover in Transportation

2019-03-25T11:07:57-04:00July 31, 2017|

By IMFBlog

July 31, 2017 

An electric car recharges at a meter in London: The UK is the latest country to announce plans to end fossil fuel vehicle sales by 2040 (photo: Sasha Fox Walters/iStock by Getty Images)

The switch from horses to automobiles in the 20th century paved the way for the rise of oil-based transportation and energy use. Today, electric vehicle ownership is picking up speed. Greater affordability of electric vehicles will likely steer us away from our current sources of energy for transportation, and toward more environmentally friendly technology. And that can happen sooner than you think.

Our Chart of the Week from a recent IMF working paper shows that the transition away from motor vehicles could happen in the next 10 to 25 years, based on parallel shifts in the 20th century. Patterns observed in the early days of the horse-car transition closely resemble present-day electric vehicle adoption rates. Between 2011 and 2015, the average annual growth rate of electric vehicle ownership was 120 percent. This is, in […]

Chart of the Week: Brexit and The City

2019-03-25T15:18:50-04:00May 29, 2017|

By IMFBlog

May 29, 2017

It seems likely that Brexit will alter the relationship that UK-based financial firms have with the European Union—even though negotiations are just beginning.

For an idea of how much is at stake for the United Kingdom’s financial services industry, take a look at our Chart of the Week, drawn from the IMF’s latest Global Financial Stability Report. The chart illustrates the linkages that might be affected by the country’s withdrawal from the EU. One example: of the over-the-counter trading in foreign exchange derivatives in the United Kingdom, Germany and France, the UK share comes to 89 percent. […]

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