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Tag Archives: Spain

An Early View of the Economic Impact of the Pandemic in 5 Charts

By John Bluedorn, Gita Gopinath, and Damiano Sandri عربي, 中文, Français, Português The COVID-19 pandemic has pushed the world into a recession. For 2020 it will be worse than the global financial crisis. The economic damage is mounting across all countries, tracking the sharp rise in new infections and containment measures put in place by governments. China was the first country to experience the full force of the disease, with confirmed active cases at over 60,000 by mid-February. European...

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Chart of the weekGlobal Uncertainty Related to Coronavirus at Record High

By Hites Ahir, Nicholas Bloom, and Davide Furceri The coronavirus continues to spread. As more countries impose quarantines and social distancing, the fear of contagion and income losses is increasing uncertainty around the world. A new measure of uncertainty related to pandemics and other disease outbreaks finds that uncertainty around the coronavirus is exceptionally high and is much higher than in past outbreaks. To quantify uncertainty related to the coronavirus crisis and compare it...

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Construction Activity Can Signal When Credit Booms Go Wrong

By Deniz Igan Español, Português In Spain, private sector credit as a share of GDP almost doubled between 2000 and 2007. This increase was accompanied by a boom in housing prices—which doubled in real terms over the same period. The economy as a whole also grew at a record pace. But then in 2008, Spain’s credit bubble burst, and with it came loan defaults, bank failures, and a prolonged economic slowdown. A less-noticed development in Spain was in the construction sector, where employment...

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New Data on World Debt: A Dive into Country Numbers

By Marialuz Moreno Badia and Paolo Dudine Español, Português The new update of the IMF’s Global Debt Database shows that total global debt (public plus private) reached US$188 trillion at the end of 2018, up by US$3 trillion when compared to 2017. The global average debt-to-GDP ratio (weighted by each country’s GDP) edged up to 226 percent in 2018, 1½ percentage points above the previous year. Although this was the smallest annual increase in the global debt ratio since 2004, a closer look...

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Top 6 Blogs on Climate Change

By IMFBlog Actions speak louder than words. The longer we wait to act on climate change, the greater the loss of life and damage to the world economy. Faced with the ongoing existential threat posed by changes to our climate, the United Nations conference known as COP25 is happening in Madrid, Spain.  Policymakers with ambition and vision can choose what to do and how to do it, right now, globally and at home. Policymakers with ambition and vision can choose what to do and how to do it,...

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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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Do the Math: Include Women in Government Budgets

Zohra Khan and Lisa Kolovich Español, Português Every day, women around the world experience less opportunity than men in education and employment, and less political representation. While many countries recognize the need for gender equality and women’s empowerment, governments can structure spending and taxation in ways to advance gender equality even further—a process called gender budgeting. Overall, gender budgeting can make a real difference in people’s lives. A United Nations...

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Chart of the Week: Bye Bye Baby—How Crises Affect Fertility Rates

By IMFBlog November 13, 2018 Increasing access to affordable and high-quality childcare can make it easier for families to have more children (photo: Franziska Kraufmann/dpa/Newscom) The global financial crisis a decade ago and the resulting recession left long-lasting scars on future growth in more ways than one. Our October World Economic Outlook points to signs that the crisis may have had lasting effects on potential economic growth through its impact on fertility rates and...

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Global Growth Plateaus as Economic Risks Materialize

By Maurice Obstfeld October 9, 2018 عربي, 中文, Español, Français, Baˈhasa indoneˈsia, 日本語, Русский Uncertainty over trade policy is becoming a drag on economic activity (photo: Imagine China/Newscom) The latest World Economic Outlook report projects that global growth will remain steady over 2018–19 at last year’s rate of 3.7 percent. This growth exceeds that achieved in any of the years between 2012 and 2016. It occurs as many economies have reached or are nearing full employment and...

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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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