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Tag Archives: Public debt

chart of the weekFuel for Thought: Ditch the Subsidies

By IMFBlog Pensions, education, healthcare, better infrastructure, technology, and climate change: fiscal policymakers have their work cut out for them on many fronts.  Whether you live in a rapidly aging advanced economy,  or a low-income or emerging market economy with a young, booming population, all these issues matter for you.  As the Fiscal Monitor in April 2019 shows, government policies on taxes and spending have to adapt and should shift to growth-enhancing investment.  This means,...

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Chart of the WeekMapping the World’s Financial Weak Spots

By IMFBlog Español, Português Where will the next financial crisis come from? The short answer is: We don’t know. We can, however, look for vulnerabilities in the system that, if left untreated, can develop into problems. What do we mean by a vulnerability? It is an area of weakness that can amplify and spread an unexpected economic shock, increasing the level of risk to the financial system. Imagine the impact of an earthquake on a house built on sand, as opposed to bedrock. In the...

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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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Building Defenses Against the Next Economic Downturn

By David Lipton عربي, Français,  日本語, Русский The global economy faces a number of complex challenges from technological change and globalization, and the lingering effects of the 2008-9 financial crisis. At the same time, we are witnessing lower levels of trust in the core institutions that have helped to deliver tremendous growth and prosperity over the past 40 years. These developments threaten to fragment the international order that has governed the global economy. History suggests...

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New Data on Global Debt

By Samba Mbaye and Marialuz Moreno Badia January 2, 2019 Pedestrians in the snow in Tokyo, Japan: the country is one of the top three borrowers in the world (photo: Morio Taga/Newscom) Until recently, we had a partial view of global debt. Our new update to the IMF’s Global Debt Database, first made public in May 2018, now fills even more of the gaps. We have compiled data on public and private debt for 190 countries, dating back to 1950, which now includes the latest numbers for...

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Quiz on the Global Economy: How Much Do You Know?

December 7, 2018 By IMFBlog (photo: Nirodesign/GettyImages by iStock) Inflation, emerging markets, and debt—oh my! The global economy is making headlines and we thought you might like to put your knowledge to the test with our new quiz. Here are eight questions drawn from our latest World Economic Outlook, Global Financial Stability Report, and Fiscal Monitor.  

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Chart of the Week: Government Debt Is Not the Whole Story: Look at the Assets

By IMFBlog October 23, 2018 The Millennium Bridge in London, England: governments often don’t include the value of their assets, like bridges and roads, as well as natural resources, when they measure public wealth (Ingram Publishing/Newscom) Lost track of your personal finances?  You are not alone.  Your government has often lost track of its finances too.  While it keeps close tabs on debt, it is less clear on how much it owns: the assets. Things like roads, bridges, and sewer pipes...

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The Wealth of Nations: Governments Can Better Manage What They Own and Owe

By Vitor Gaspar, Jason Harris, and Alexander Tieman October 10, 2018 A firefighter in Auckland, New Zealand: when governments know what they own they can put their assets to better use and can earn about 3 percent of GDP more in revenues to spend on citizens’ well being (Photo: Rafael Ben-Ari/Newscom) What is the state of your personal finances? You probably think first about your debts: your mortgage, your credit card balance, and your student loans. But you probably also think about...

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Lasting Effects: The Global Economic Recovery 10 Years After the Crisis

By Wenjie Chen, Mico Mrkaic, and Malhar Nabar October 3, 2018 عربي,中文, Español, Français, Baˈhasa indoneˈsia, Português, Русский Woman cleaning in Berlin, Germany: the 2008 global financial crisis has had long-lasting effects on economic growth (photo: Caro/Olaf Jandke/Newscom) In the year following the 2008 financial crisis, economic activity declined in half of all countries in the world. Our analysis in Chapter 2 of the October World Economic Outlook shows that in many countries...

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Mounting Debt Threatens Sustainable Development Goals

By Chris Lane and Elliott Harris April 27, 2018 A market in Port-au-Prince, Haiti: some developing countries are falling behind when it comes to incomes (photo: Dumont Bildarchiv/Newscom). In 2015, 193 countries adopted the 17 Sustainable Development Goals (SDGs) as an overarching policy roadmap through 2030. These goals are predicated on the idea that for a sustainable future, economic growth must go hand-in-hand with social inclusion and protection of the environment. Our...

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