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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

What the Continued Global Uncertainty Means for You

By Hites Ahir, Nicholas Bloom, and Davide Furceri عربي, Español, 中文, Français, 日本語, Português, Русский  Global uncertainty reached unprecedented levels at the beginning of the COVID-19 outbreak and remains elevated. The World Uncertainty Index—a quarterly measure of global economic and policy uncertainty covering 143 countries—shows that although uncertainty has come down by about 60 percent from the peak observed at the onset of the COVID-19 pandemic in the first quarter of 2020, it remains...

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Legally Speaking, is Digital Money Really Money?

By Catalina Margulis and Arthur Rossi Countries are moving fast toward creating digital currencies. Or, so we hear from various surveys showing an increasing number of central banks making substantial progress towards having an official digital currency. But, in fact, close to 80 percent of the world’s central banks are either not allowed to issue a digital currency under their existing laws, or the legal framework is not clear. To help countries make this assessment, we reviewed the...

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Data PointsDenmark’s Ambitious Green Vision

By Nicoletta Batini and Miguel Segoviano Denmark aspires to become one of the most climate-friendly countries in the world. In June, its Parliament overwhelmingly passed a new climate law that aims to reduce greenhouse gas emissions by 70 percent below 1990 levels by 2030, with net zero emissions targeted for 2050. This is an even more ambitious goal than the EU’s target to cut emissions by 55 percent over the same time period. 70% Amount by which Denmark plans to reduce greenhouse gas...

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IMF2020年中国经济年检

中国推出了有力的防疫措施,迅速开展政策行动缓解危机影响,以此支持经济从危机中持续复苏。中国的经济活动持续回归正常,国内疫情得到控制,预计2020年GDP增速为1.9%,2021年为7.9%。

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China: 2020 Economic Health Check

#China’s policies to contain the pandemic have mitigated the crisis’ impact and helped the economy rebound. The recovery continues, but consumption is still lagging and a number of risks demand attention. Read our annual review: http://ow.ly/JW3l50D3imt

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The Jobs of Tomorrow

By Saadia Zahidi This article first appeared in Finance & Development magazine. The World Economic Forum’s Future of Jobs Report 2020 comes at a crucial juncture for the world of work. The report, now in its third edition, maps the jobs and skills of the future, tracking the pace of change based on surveys of business leaders and human resource strategists from around the world. Some jobs will disappear and others will emerge as the world faces a dual disruption. This year, we aim...

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Improving Governance and Fighting Corruption for Inclusive Growth in MENA

How can strong governance of economic institutions curb corruption? What reforms can be undertaken to promote inclusive growth and ensure government spending is reaching those who need it? And what is the role of digitalization in facilitating these efforts? Join our distinguished panel for a timely discussion on these issues and on how fighting corruption can help shape a successful post-pandemic recovery.

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Top 10 Blogs of 2020

By IMFBlog Welcome to 2021. Before we step too far into the new year, the editors at IMFBlog invite you to reflect on what the world went through in 2020. As much as we would like to turn the page on 2020, navigating a course forward through still uncertain times entails using all we’ve learned up to now. Our list of your top reads from the past year tracks the COVID-19 pandemic—from the early days of uncertainty and fear through to the tepid and uneven reopening of economies. Naturally, our...

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Global Policy Responses to Capital Flow Volatility

By Annamaria De Crescenzio, Annamaria Kokenyne, Dennis Reinhart, and Julia Schmidt The COVID-19 health and economic crisis has once again focused attention on the fickleness of capital flows and the need to have an adequate policy toolkit to manage the risks that stem from these flows, while maximizing their benefits. A virtual workshop organized by the Bank of England, Banque de France, International Monetary Fund and the Organization for Economic Co-operation and Development (OECD)...

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