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Tag Archives: India

Chart of the WeekHigher Shipping Costs May Lift Asia’s Low Inflation

By Yan Carrière-Swallow , Pragyan Deb and Daniel Jiménez New analysis shows how increases in shipping rates have a persistent impact on consumer prices. As the world economy recovers from the pandemic, inflation is mounting in advanced and emerging economies. Pent-up demand fueled by stimulus and pandemic disruptions is helping accelerate inflation, spread around the world through global factors like higher food and energy prices, and soaring shipping costs. The chart of the week shows...

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How Trade Can Help Speed Asia’s Economic Recovery

By Pragyan Deb, Julia Estefania-Flores, Siddharth Kothari, and Nour Tawk 中文, 日本語 A renewed push to liberalize trade can invigorate durable growth and minimize post-pandemic scarring. Trade has historically been a powerful driver of economic growth and poverty alleviation in Asia, though the momentum of lowering trade barriers has slowed in recent years. While tariff barriers to trade in Asia are low overall, a new measure of nontariff barriers suggests those remain high in many Asian...

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Asia-Pacific, the Gigantic Domino of Climate Change

By Vitor Gaspar and Chang Yong Rhee Forget the poetic flap of a butterfly’s wings in Beijing causing rain in Central Park. Climate issues in Asia-Pacific are measured in superlatives. The world’s biggest population. Two of the three largest carbon dioxide-emitting countries and the largest share of emissions globally. The most exposed to extreme weather events. Some of the smallest and most vulnerable countries. Also, the fastest-growing part of the global economy and many of the leaders in...

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Finding the Right Policy Mix to Safeguard our Climate

By IMF Staff عربي, 中文, Español, Français, 日本語, Português, Русский  Unaddressed, climate change will entail a potentially catastrophic human and economic toll, but it’s not too late to change course. Global temperatures have increased by about 1°C since the pre-industrial era because of heat-trapping green-house gases accumulating in the atmosphere. Unless strong action is taken to curb emissions of these gases, global temperatures could increase by an additional 2–5°C by the end of this...

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COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond

By Martin Mühleisen, Tryggvi Gudmundsson, and Hélène Poirson Ward Español, Português The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. Yet, conventional policies are reaching their limit and unorthodox policies are not without risks. A pandemic still unfolding COVID-19 is still to play out fully in the emerging market universe (see...

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The COVID-19 Gender Gap

By Kristalina Georgieva, Stefania Fabrizio, Cheng Hoon Lim, and Marina M. Tavares عربي, 中文, Español,  Français, 日本語, Português, Русский  The COVID-19 pandemic threatens to roll back gains in women’s economic opportunities, widening gender gaps that persist despite 30 years of progress. Well-designed policies to foster recovery can mitigate the negative effects of the crisis on women and prevent further setbacks for gender equality. What is good for women is ultimately good for addressing...

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State-Owned Enterprises in the Time of COVID-19

Vitor Gaspar, Paulo Medas, and John Ralyea عربي, 中文, Español, Français, 日本語, Português, Русский The pandemic has highlighted the role of the public sector in saving lives and livelihoods. State-owned enterprises are part of that effort. They can be public utilities that provide essential services. Or public banks that provide loans to small businesses. But some are also struggling and adding to the burden on government finances. These range from national oil companies that are dealing with a...

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Fiscal Policies to Contain the Damage from COVID-19

Vitor Gaspar, W. Raphael Lam, and Mehdi Raissi عربي, 中文, Español, Français, 日本語, Português, Русский In times of pandemic, fiscal policy is key to save lives and protect people. Governments have to do whatever it takes. But they must make sure to keep the receipts. The Fiscal Monitor shows how policymakers can offer emergency lifelines to: save lives; protect people from losing jobs and incomes, and companies from bankruptcies; and enable a recovery. So far, countries have taken fiscal...

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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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