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Tag Archives: inclusive growth

Chart of the Week Gender Budgeting Is More Widespread But Implementation Remains a Challenge

By Teresa Curristine, Nino Tchelishvili and Sureni Weerathunga The pandemic has deepened long-standing gender gaps, with women continuing to bear the burden of unpaid work. By structuring spending and taxation in ways that advance gender equality—a process called gender budgeting—governments can help close the gap. In recognition of International Women’s Day on March 8, the Chart of the Week takes stock of gender budgeting practices in Group of Twenty countries using data from a recent IMF...

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How Empowering Women Supports Economic Growth

By IMFBlog International Women’s Day, first recognized by the United Nations in 1977, grew from early 1900s labor movements for better working conditions and women’s right to work. Now, as the continuing pandemic puts female roles in the labor market again in flux, attention to gender has never been more urgent. IMF research has consistently underscored the benefits of equality, including greater productivity and financial stability. To mark this International Women’s Day, we present a...

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Why Jobs are Plentiful While Workers are Scarce

By Carlo Pizzinelli and Ippei Shibata In the US and UK, the recent labor market puzzle can be partly explained by mismatch, the pandemic’s effect on women (in the US) and older workers leaving the work force. Almost two years after the pandemic upended labor markets, job openings are plentiful in many advanced economies, yet workers have not fully returned. The broader trend of plentiful jobs and not enough workers can have major implications for growth, inequality, and inflation. This...

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IMF Podcasts: The Year in Review

The past year has brought us new challenges even as the old ones persist. If anything, the ongoing pandemic has taught us to think differently about tackling the challenges and questions we currently face when it comes to big issues like climate change, gender equality, inflation and economic measurement. In this editor’s pick of 10 podcasts from the past year, we present (in no particular order) conversations with top thinkers on a range of topics and issues that we will continue to confront...

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Food Inflation in Sub-Saharan Africa

By Seung Mo Choi Inflation is rising around the world. In sub-Saharan Africa, one item is driving the trend more than others: food prices. Food accounts for roughly 40 percent of the region’s consumption basket—a measure of goods and services used to measure consumer price index (CPI) inflation. Food inflation increased throughout 2019, on average, across 20 countries in the region where monthly food price data are available. After remaining stable around 9 percent (year over year) since the...

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How Domestic Violence is a Threat to Economic Development

By Rasmane Ouedraogo and David Stenzel Español, Português Stopping violence against women is not only a moral imperative, new evidence shows that it can help the economy. It’s being called the “shadow pandemic”—an increase in physical, sexual and emotional abuse of women is taking place amid the lockdowns and societal turmoil caused by the global health crisis. The evidence is only growing. In Nigeria, the number of reported cases of gender-violence linked to lockdowns increased by more than...

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CHART OF THE WEEKThe Unequal COVID Saving and Wealth Surge

By Cian Allen and Cyril Rebillard Household saving increased sharply during the COVID-19 crisis in many countries. Lower consumption, both as a result of lockdowns or precaution, combined with an increase in disposable income from government transfers allowed households to put more money into their bank accounts, buy shares, a house, or pay back their debt. Along with saving, surging equity and housing prices also made certain households a lot wealthier. In our latest chart of the week, an...

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Chart of the WeekHow To Escape The Perils of Fragility

By Olusegun Akanbi, Kenji Moriyama, Keyra Primus Already facing huge development needs, the COVID-19 pandemic is exacerbating the challenges facing fragile and conflict states—a group of currently about 40 countries trapped in cycles of low administrative capacity, political instability, conflict, and weak economic performance. Our new IMF staff working paper, which analyzes the experiences of 196 countries between 1979 and 2018, shines a light on how countries can avoid or break out of this...

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Chart of the WeekCould Renewed Social Unrest Hinder the Recovery?

By Metodij Hadzi-Vaskov, Samuel Pienknagura, and Luca Ricci Protests driven by the pandemic’s economic fallout are on the rise, with potentially long-lasting economic consequences. Protests can be catalysts for political reform and social change. But what impact do they have on the economy? According to the latest Global Peace Index, the number of riots, general strikes and anti-government demonstrations around the world have increased by a staggering 244 percent in the last decade....

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COVID-19: The Moms’ Emergency

By Kristalina Georgieva, Stefania Fabrizio, Diego B. P. Gomes, and Marina M. Tavares عربي , 中文 , Español, Français , 日本語 , Português , Русский  A year ago, the world changed. While the pandemic’s effect on workers has varied worldwide, the new reality has left many mothers scrambling. With schools and daycares closed, many were forced to leave their jobs or cut the hours they worked. New IMF estimates confirm the outsized impact on working mothers, and on the economy as a whole. In short,...

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