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Tag Archives: G20

Finding Solid Footing for the Global Economy

By Kristalina Georgieva As the Group of Twenty industrialized and emerging market economies (G-20) finance ministers and central bank governors gather in Riyadh this week, they face an uncertain economic landscape. After disappointing growth in 2019, we began to see signs of stabilization and risk reduction, including the Phase 1 U.S.-China trade deal. In January, the IMF projected growth to strengthen from 2.9 percent in 2019 to 3.3 percent in 2020 and 3.4 percent in 2021. This projected...

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Fiscal Policies to Curb Climate Change

By Vitor Gaspar, Paolo Mauro, Ian Parry, and Catherine Pattillo عربي, 中文, Español, Français, 日本語, Português, Русский Global warming has become a clear and present threat. Actions and commitments to date have fallen short. The longer we wait, the greater the loss of life and damage to the world economy. Finance ministers must play a central role to champion and implement fiscal policies to curb climate change. To do so, they should reshape the tax system and fiscal policies to discourage...

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How to Help, Not Hinder Global Growth

By Christine Lagarde As the G-20 finance ministers and central bank governors gather this week in Fukuoka, they can take inspiration from their host city. Known as Japan’s “startup city,” Fukuoka has flourished in recent decades by embracing trade, innovation, and openness. That spirit is needed more than ever to help reduce trade tensions and clear other stumbling blocks on the way back to higher and more sustainable growth. The goal must be to help, not stand in the way of global growth....

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A Weakening Global Expansion Amid Growing Risks

By Gita Gopinath عربي, 中文, Español, Français, 日本語, Português, Русский While global growth in 2018 remained close to postcrisis highs, the global expansion is weakening and at a rate that is somewhat faster than expected. This update of the World Economic Outlook (WEO) projects global growth at 3.5 percent in 2019 and 3.6 percent in 2020, 0.2 and 0.1 percentage point below last October’s projections. The downward revisions are modest; however, we believe the risks to more significant...

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Three Steps to Avert a Debt Crisis

By Martin Mühleisen and Mark Flanagan 日本語 There has been much public discussion of the debt sustainability of a handful of high-risk countries. However, the burden of public debt is a growing problem across the globe. In advanced countries, public debt is at levels not seen since the Second World War, despite some declines recently. Emerging market public debt has accumulated to levels last seen during the 1980s debt crisis. And forty percent of low-income countries—that is, 24 of 60...

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Top 10 Charts of the Week for 2018

By IMFBlog January 7, 2019 Looking ahead (photo: Newsis/Reuters/Newscom) A picture is worth a thousand words.  The portraits of the global economy in our Chart of the Week series have proven a hit, and to help you start the year with just the right facts and figures, we have pulled together your top reads of 2018.  Here are the top ten charts of the week for 2018, based on your readership. 5 Charts That Explain the Global Economy in 2018 Chart of the Week: Government Debt Is Not...

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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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Realizing the Potential of the G20 Compact with Africa

By Christine Lagarde October 30, 2018 Power Plant, Abidjan, Cote d’Ivoire. The G20 Compact with Africa was initiated under the German G20 Presidency to promote private investment in Africa, including in infrastructure. So far, eleven African countries have joined the initiative: Benin, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo and Tunisia (photo: Thierry Gouegnon/Reuters/Newsom) The Compact with Africa focuses on a fundamental challenge for the...

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Global Growth Plateaus as Economic Risks Materialize

By Maurice Obstfeld October 9, 2018 عربي, 中文, Español, Français, Baˈhasa indoneˈsia, 日本語, Русский Uncertainty over trade policy is becoming a drag on economic activity (photo: Imagine China/Newscom) The latest World Economic Outlook report projects that global growth will remain steady over 2018–19 at last year’s rate of 3.7 percent. This growth exceeds that achieved in any of the years between 2012 and 2016. It occurs as many economies have reached or are nearing full employment and...

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