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Tag Archives: REO

Sub-Saharan Africa’s Difficult Road to Recovery

By Abebe Aemro Selassie Français, Português The COVID-19 pandemic represents an unprecedented health and economic crisis for sub-Saharan Africa. Within months, the spread of the virus has jeopardized years of development and decades-long gains against poverty in the region while threatening the lives and livelihoods of millions of people. Policymakers in sub-Saharan Africa now face the added challenge of rekindling their economies with fewer resources and more difficult choices. In our...

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Engines Not Yet in Sync: A Multispeed Recovery in Asia

by Jonathan D. Ostry 中文, 日本語 The Asia-Pacific region is recovering from its worst recession in living memory. Our latest Regional Economic Outlook shows that a recovery started in the third quarter, but growth engines are not all firing with the same power across countries, leading to a multispeed recovery. To enable structural change, Asia’s economic policies should be focused on the world of tomorrow, not yesterday. Reflecting worse-than-expected outturns in the second quarter in a few...

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Charting a Path for a Resilient Recovery in Sub Saharan Africa

By Kristalina Georgieva and Abebe Aemro Selassie Perhaps first among the many lessons of 2020 is that the notion of so‑called black swan events is not some remote worry. These purportedly once‑in‑a‑generation events are occurring with increasing frequency. Take climate‑related shocks, especially in sub‑Saharan Africa. More than any other region, it is vulnerable to these events because of its heavy dependence on rain‑fed agriculture and its limited ability to adapt to shocks. Every year, the...

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Chart of the WeekEurope’s Wage-Price Puzzle

By Richard Varghese Does higher wage growth fuel inflation? In Europe, that has historically been the case. But the link between wage growth and inflation has weakened in recent years amid low inflation expectations, robust corporate profitability, and strong competitive pressures. The price of labor—namely wages—is rising at a robust pace, especially in the European Union’s newer member states. Yet, surprisingly, inflation has barely risen. We set out to shed light on this puzzle in...

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Chart of the Week: Words Count for Central Bank Communications in Latin America

By Juan Yepez  October 15, 2018  Effective central bank communications are essential in guiding market expectations (photo: lionvision/iStock) When it comes to central banks in Latin America, sometimes words can speak louder than actions. This is because the public and investors rely on central bank communications to make economic and financial decisions. So, clear and consistent communications from a central bank about policy decisions and the economic outlook are essential to guide...

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Chart of the Week: Invest in Robots and People in Asia

By IMFBlog August 29, 2018 An engineer adjusts a robot arm in a robotics plant in Shenyang, China, where industrial robots are widely used for manufacturing (photo: Yang Qing Xinhua News Agency/Newscom) With about 1 million robots in use in Asia, robotics and automation mean economic risks and growth opportunities for the region. For Asia to fully reap this digital opportunity as the world’s main engine of growth, countries need to revamp their education systems and invest in...

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