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Tag Archives: Brazil

Tentative Stabilization, Sluggish Recovery?

By Gita Gopinath عربي, 中文, Español, Français, 日本語, Русский In the October World Economic Outlook, we described the global economy as in a synchronized slowdown, with escalating downside risks that could further derail growth. Since then, some risks have partially receded with the announcement of a US-China Phase I trade deal and lower likelihood of a no-deal Brexit. Monetary policy has continued to support growth and buoyant financial conditions. With these developments, there are now...

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2019 in Review: The Global Economy Explained in 5 Charts

By Gita Gopinath, Gian Maria Milesi-Ferretti, and Malhar Nabar عربي, Español, 中文, Français Global growth this year recorded its weakest pace since the global financial crisis a decade ago, reflecting common influences across countries and country-specific factors. Rising trade barriers and associated uncertainty weighed on business sentiment and activity globally. In some cases (advanced economies and China), these developments magnified cyclical and structural slowdowns already under way....

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For Venezuela’s Neighbors, Mass Migration Brings Economic Costs and Benefits

By Emilio Fernandez Corugedo and Jaime Guajardo Español, Português The world’s newest migration crisis is unfolding in Latin America, where Venezuela’s economic collapse and unprecedented humanitarian crisis has sparked a wave of emigration to neighboring countries. While these countries are providing helpful support to migrants in many areas, large migration flows have strained public services and labor markets in these countries. According to the Response for Venezuelans, which is a...

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The Economic Cost of Devaluing “Women’s Work”

Kristalina Georgieva, Cristian Alonso, Era Dabla, and Kalpana Kochhar As much as half of the world’s work is unpaid.  And most of it is done by women. This imbalance not only robs women of economic opportunities. It is also costly to society in the form of lower productivity and forgone economic growth. It follows that a fairer allocation of unpaid work would not only benefit women, but would also lead to more efficient work forces and stronger economies. For these reasons, reducing gender...

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The World Economy: Synchronized Slowdown, Precarious Outlook

By Gita Gopinath عربي, 中文, Español, Français, 日本語, Português, Русский The global economy is in a synchronized slowdown and we are, once again, downgrading growth for 2019 to 3 percent, its slowest pace since the global financial crisis. Growth continues to be weakened by rising trade barriers and increasing geopolitical tensions. We estimate that the US-China trade tensions will cumulatively reduce the level of global GDP by 0.8 percent by 2020. Growth is also being weighed down by...

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Global Banks May Grow More Vulnerable to a Dollar Disruption

By Claudio Raddatz and Adolfo Barajas عربي, 中文, Español, Français, 日本語, Português, Русский When a Mexican airline buys Brazilian airplanes, it’s likely to finance the purchase with a US dollar loan obtained from a non-US bank. That’s just one example of the dollar’s outsize role in international financial transactions between non-US counterparts. What happens if non-US banks suddenly find themselves short of dollars? That was the case during the global financial crisis of 2007-2008, when...

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Outlook for Latin America and the Caribbean: A Stalling Recovery

By Alejandro Werner Español Economic activity in Latin America and the Caribbean remains sluggish. Real GDP is expected to grow by 0.6 percent in 2019—the slowest rate since 2016—before rising to 2.3 percent in 2020. The weak momentum reflects negative surprises in the first half of 2019, elevated domestic policy uncertainty in some large economies, heightened US-China trade tensions, and somewhat lower global growth. Elevated policy uncertainty in some large economies of the region has...

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Chart of the WeekCorruption and Your Money

By IMFBlog The costs of corruption run deep. Your taxpayer dollars are lost in different ways, siphoned off from schools, roads, and hospitals to line the pockets of people up to no good. Equally damaging is the way it corrodes the government’s ability to help grow the economy in a way that benefits all citizens. And no country is immune to corruption. Our Chart of the Week from the Fiscal Monitor analyzes more than 180 countries and finds that more corrupt countries collect fewer taxes,...

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Communications as a Policy Tool

By Gerry Rice and Olga Stankova عربي, 中文, Español, Русский When it comes to forging economic policy, communicating with the public is no longer an afterthought. Instead, communications are increasingly seen as a policy tool in itself. To be sure, communications can never be a substitute for good policies. But economic reforms are more likely to fail or even be reversed unless they are understood, believed, and accepted by those whom they affect. The same principle applies to a wide range of...

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Designing Labor Policies to Foster Inclusive Growth in Emerging Markets

By Romain Duval and Prakash Loungani Emerging market economies have enjoyed good growth in recent decades but are still far from closing gaps in living standards with advanced economies. Emerging markets also need growth to be shared by everyone, particularly by providing their growing populations with good jobs and social protection. In a new IMF staff paper, we look at how the design of labor markets—institutions and policies—could foster inclusive growth in these countries.    ...

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