Sunday , March 7 2021
Home / Tag Archives: IMF

Tag Archives: IMF

Staying Afloat: New Measures to Support European Businesses

By Alfred Kammer and Laura Papi Español, Français  Much of Europe rang in the start of 2021 with new lockdowns and weak economic activity. This same period saw the roll out of effective vaccines. While the end of the pandemic will remain a race between the virus and vaccines, there is now light at the end of the tunnel. At the same time, government programs aimed at supporting lives and livelihoods have been highly successful. Amid the pandemic’s enormous human toll, these measures provided...

Read More »

Divergent Recoveries in Asia: History is not Destiny

by Davide Furceri, Jonathan D. Ostry, and Anthony C.K. Tan  中文,  日本語 Asian economies are performing better than expected. In the IMF’s latest World Economic Outlook Update, we upgraded our growth estimate for 2020 by 0.7 percentage point from our previous forecast in October, to a contraction of 1.5 percent—in regional terms, a better outcome than other parts of the world. This is largely driven by stronger-than-expected performance among advanced economies in the region, as well as some...

Read More »

Chart of the WeekWhen it Comes to Services vs. Manufacturing, Words Matter

By Reda Cherif and Fuad Hasanov Efforts to revive national manufacturing sectors get a lot of airtime. After all, the sector propelled many East and South East Asian economies—the so-called “East Asia Miracle”—and was a gateway to the middle class for millions of workers. However, for all the obsession with manufacturing, economists for their part seem to be more preoccupied with services. To confirm this, we combed through thousands of IMF reports on countries’ economies from 1978 to 2019....

Read More »

COVID’s Long Shadow: Social Repercussions of Pandemics

By Philip Barrett, Sophia Chen, and Nan Li عربي, 中文, Español, Français, 日本語, Português, Русский  In 1832, the great cholera pandemic hit Paris. In just a few months, the disease killed 20,000 of the city’s 650,000 population. Most fatalities occurred in the heart of the city, where many poor workers lived in squalid conditions, drawn to Paris by the Industrial Revolution. The spread of the disease heightened class tensions, as the rich blamed the poor for spreading the disease and the poor...

Read More »

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...

Read More »

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...

Read More »

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)...

Read More »

Reclaiming Our World Post-2020

By Atish Rex Ghosh As 2020 draws to a close, many of us cannot wait for this annus horribilis to end. And for good reason: this year has seen more than a million and a half COVID-19 deaths; an economic collapse far greater than that of the 2008 financial crisis; a boiling-over of resentment against decades of racial and social injustice; record numbers of wildfires decimating millions of acres of pristine forests; and locust plagues of Biblical proportions. Yet, 2020 also gives us reason for...

Read More »

Top 10 Charts of the Week for 2020

2020 will soon be over, and with it an incredibly trying year. The editors at IMFBlog wish you good health and peace over the holidays ahead, and into the new year. In case you missed some of the compelling facts and figures in our Charts of the Week series this year, we have pulled together your top reads. Here are the top ten charts of the week for 2020, based on your readership. 1. Global Uncertainty Related to Coronavirus at Record High 2. Unemployment in Today’s Recession Compared to...

Read More »

What is Really New in Fintech

By Arnoud Boot, Peter Hoffmann, Luc Laeven, Lev Ratnovski The financial industry is undergoing rapid technological change. Traditional banks face competition from online start-ups with no physical branches. Social media and other digital platforms are expanding into payments and credit. The increase in demand for digital services triggered by COVID-19 is turbo-charging this transformation. The confluence we are witnessing is driving fintech innovation and raises important questions. What are...

Read More »