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Tag Archives: developing countries

Unemployment: Troubles Ahead for Emerging Markets

By Prakash Loungani and Zidong An Forecasts of real GDP growth attract a lot of media attention. But what matters more to the person on the street is how growth translates into jobs. Unfortunately, the mediocre growth outlook of recent years may lead to a disturbing outlook for jobs, particularly among fuel-exporting countries and in the Latin America and Caribbean region. The global picture Chart 1 provides a measure of the global unemployment rate based on data for 116 countries, of which...

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Tackling China’s Debt Problem: Can Debt-Equity Conversions Help?

By James Daniel, José Garrido, and Marina Moretti Version in 中文 (Chinese) China’s high and rising corporate debt problem and how best to address it has received much attention recently. Indeed, corporate debt in China has risen to about 160 percent of GDP, which is very high compared to other, especially developing, countries. The IMF’s April 2016 Global Financial Stability Report looked at the issue from the viewpoint of commercial banks and resulting vulnerabilities. Its analysis suggests...

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