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iMFdirect
iMFdirect features views by IMF economists and officials about pressing issues in the global economy. The views expressed are those of the author(s) and do not necessarily represent the views of the IMF and its Executive Board.

iMFdirect

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

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.  Key to the tale is the degree of dependence on commodities.  Our Chart of the Week shows how the greater a country’s reliance on...

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Top 5 Blogs on Climate Change

By IMFBlog December 12, 2018 An arctic fox: climate change means Arctic ice has declined by 95 percent, according to recent science (photo: National Geographic/Newscom) Mother Nature is trying to tell us something.  As the heat literally rises in so many ways, people have gathered in Poland for the United Nation’s latest Climate Summit, known as the COP24.  As human behavior and choices destabilize the Earth’s climate and biosphere, policymakers will need to do more. The shared nature...

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Quiz on the Global Economy: How Much Do You Know?

December 7, 2018 By IMFBlog (photo: Nirodesign/GettyImages by iStock) Inflation, emerging markets, and debt—oh my! The global economy is making headlines and we thought you might like to put your knowledge to the test with our new quiz. Here are eight questions drawn from our latest World Economic Outlook, Global Financial Stability Report, and Fiscal Monitor.  

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The Uneven Path Ahead: The Effect of Brexit on Different Sectors in the UK Economy

By Jiaqian Chen December 4, 2018 中文, Русский A UK border agency worker holds a passport: As a member of the European Union, free labor mobility has enabled the UK to hire talent from across the EU (photo: Mac Gregor/Reuters/Newscom) The United Kingdom is set to leave the European Union in March 2019. Our research suggests that all likely Brexit outcomes will entail an economic cost for the UK, and these costs would be unevenly spread across different sectors and regions. The UK’s...

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A Planet at Risk Requires Multilateral Action

Signe Krogstrup and Maurice Obstfeld  December 3, 2018 Español, Português A wolf in the snow: the planet isn’t crying wolf as man’s economic activities reach a scale where the global climate is at risk (photo: ImageBroker/ David MichaSheldon/Newscom) The COP-21 Paris Agreement limiting greenhouse gas emissions was a major achievement on the road to meeting the threat of climate change. But as the evidence becomes increasingly unambiguous that human activity is destabilizing the...

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A New Social Contract

By Camilla Lund Andersen November 30, 2018 (photo: Michael Waraksa) As the world seeks to address the rise of populism and nationalism, it is becoming clear that economic insecurity lies at the heart of much of the discontent. In the wake of the global financial crisis, voters in wealthy countries began to lose faith in the state’s ability to protect them. The profound changes sweeping labor markets, caused by the rise of technology and continued globalization, have only deepened this...

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Economic Gains from Gender Inclusion: Even Greater than You Thought

By Christine Lagarde and Jonathan D. Ostry November 28, 2018 Raising women’s participation in the workforce can give a bigger boost to growth than previously thought (photo: Ahrens/Steinbach Projekte/fotogloria/Newscom) Despite some progress, the gaps in labor force participation between men and women remain large. To take just one example, no advanced or middle-income economy has reduced the gender gap below 7 percentage points. This uneven playing field between women and men comes...

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G20: Step Up to Boost Inclusive Growth

By Christine Lagarde November 28, 2018 عربي, 中文, Español, Português, Русский Puerto Madero harbor, Buenos Aires, Argentina: G20 countries will need to act swiftly and together to boost inclusive growth (photo: Florian Kopp imageBROKER/Newscom) As G20 leaders gather in Argentina, the global economy faces a critical juncture. We have had a good stretch of solid growth by historical standards, but now we are facing a period where significant risks are materializing and darker clouds are...

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Chart of the Week: Grading the G-20 on its Growth Goals

By Helge Berger and Margaux MacDonald November 19, 2018  Español, Português Growth is stronger in the G-20 but progress toward more balanced, sustainable, and inclusive growth is slow (photo: Egon Bömsch imageBROKER/Newscom) This blog is dedicated to the memory of Giang Ho, an IMF economist who died suddenly this past August. Her efforts and ingenuity were critical to carrying out this analytical work. We miss her and will never forget her.  How close has the Group of Twenty...

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Women, Technology, and the Future of Work

By Era Dabla-Norris and Kalpana Kochhar November 16, 2018 Women are currently underrepresented in fields experiencing job growth, such as engineering and information and communication technology (photo: Vgajic/iStock by Getty Images) The way we work is changing at an unprecedented rate. Digitalization, artificial intelligence, and machine learning are eliminating many jobs involving low and middle-skill routine tasks through automation. Our new research finds the trend toward greater...

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