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Tag Archives: South Africa

Sluggish Global Growth Calls for Supportive Policies

By Gita Gopinath عربي, 中文, Español, Français, 日本語, Português, Русский In our July update of the World Economic Outlook we are revising downward our projection for global growth to 3.2 percent in 2019 and 3.5 percent in 2020. While this is a modest revision of 0.1 percentage points for both years relative to our projections in April, it comes on top of previous significant downward revisions. The revision for 2019 reflects negative surprises for growth in emerging market and developing...

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Tariff Shocks: The Role of Value Chains in Europe

By Raju Huidrom, Carlos Mulas-Granados, Laura Papi, and Emil Stavrev (Español, Português) The Czech Republic exports only a small number of cars and car parts directly to the United States, but it’s likely to suffer significant economic damage if that country were to impose tariffs on auto imports. The reason: the Czech Republic supplies parts that are used to build cars exported by other European countries. Europe’s auto industry is one of many that are part of global value chains, in...

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A Global Picture of Public Wealth

By Jason Harris, Abdelhak Senhadji, and Alexander F. Tieman Español, Português Our new data on government assets shows that when governments know what they own, they can make better use of the assets for the well-being of all their citizens.  We make these data free and publicly available for all to use because we believe transparency can help create better public policy.  The chart shows that advanced economies have larger balance sheets compared to emerging markets and low-income...

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How to Help, Not Hinder Global Growth

By Christine Lagarde As the G-20 finance ministers and central bank governors gather this week in Fukuoka, they can take inspiration from their host city. Known as Japan’s “startup city,” Fukuoka has flourished in recent decades by embracing trade, innovation, and openness. That spirit is needed more than ever to help reduce trade tensions and clear other stumbling blocks on the way back to higher and more sustainable growth. The goal must be to help, not stand in the way of global growth....

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Designing Labor Policies to Foster Inclusive Growth in Emerging Markets

By Romain Duval and Prakash Loungani Emerging market economies have enjoyed good growth in recent decades but are still far from closing gaps in living standards with advanced economies. Emerging markets also need growth to be shared by everyone, particularly by providing their growing populations with good jobs and social protection. In a new IMF staff paper, we look at how the design of labor markets—institutions and policies—could foster inclusive growth in these countries.    ...

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Chart of the Week House Prices Are Up: Should We Be Happy?

By IMFBlog Español, Português House prices around the world have recovered smartly since the 2008 global financial crisis. Depending on where you live, that may or may not be a good thing. IMF research shows that there is a tight link between movements in house prices, on the one hand, and economic and financial stability, on the other. In fact, more than half of the banking crises in recent decades were preceded by boom-bust cycles in house prices. So it’s no wonder that central bankers...

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Countries in the IMF Financial Spotlight in 2019

By IMFBlog In 2019, the IMF will complete 14 assessments under the Financial Sector Assessment Program (FSAP). Eight of this year’s assessments are mandatory: Australia, Austria, Canada, France, Italy, Poland, Singapore, and Switzerland. The other six are voluntary: Algeria, Bahamas, Kuwait, FYR Macedonia, Malta, and Thailand. The FSAP is an in-depth analysis of a country’s financial sector. It serves as the principal tool for assessing countries’ financial stability. The IMF conducts about...

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Chart of the Week: Sub-Saharan Africa’s Growth—A Tale of Different Experiences

By IMFBlog December 13, 2018 Villagers of Moruleng mining community in South Africa; Sub-Saharan Africa countries can see an increase in growth by relying less on commodities and more on non-resource intensive investments. (Photo: SIPHIWE SIBEKI/Reuters/Newscom) The story of Africa’s growth rate over recent years is a tale with several story lines.  Key to the tale is the degree of dependence on commodities.  Our Chart of the Week shows how the greater a country’s reliance on...

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Chart of the Week: Grading the G-20 on its Growth Goals

By Helge Berger and Margaux MacDonald November 19, 2018  Español, Português Growth is stronger in the G-20 but progress toward more balanced, sustainable, and inclusive growth is slow (photo: Egon Bömsch imageBROKER/Newscom) This blog is dedicated to the memory of Giang Ho, an IMF economist who died suddenly this past August. Her efforts and ingenuity were critical to carrying out this analytical work. We miss her and will never forget her.  How close has the Group of Twenty...

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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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