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This article is published in association with IMF. Three years ago, Finance & Development devoted a full issue to anticipating “The Money Revolution,” driven by innovations in finance, such as crypto assets. That revolution is now unfolding. This issue of F&D looks at the new frontiers of finance, where technology, data, and changing societal values are reshaping how people and […]
This article is published in association with IMF. Pierre-Olivier Gourinchas We project global growth will remain steady at 3.3 percent this year and next, broadly aligned with potential growth that has substantially weakened since before the pandemic. Inflation is declining, to 4.2 percent this year and 3.5 percent next year, in a return to central bank […]
This article is published in association with IMF. Athene Laws, Faten Saliba, Can Sever, Luc Tucker As the rest of the world grapples with aging populations, Africa’s population is booming. By 2030, half of all new entrants into the global labor force will come from sub-Saharan Africa, requiring the creation of up to 15 million new […]
This article is published in association with IMF. Growth is projected to hold steady, but amid weakening prospects and rising threats, the world needs a shift in policy gears Let’s start with the good news: it looks like the global battle against inflation has largely been won, even if price pressures persist in some countries. After […]
This article is published in association with IMF. Crypto mining and data centers now account for 2 percent of global electricity use and nearly 1 percent of global emissions, and their footprint is growing. Shafik Hebous, Nate Vernon-Lin What do crypto assets and artificial intelligence have in common? Both are power hungry. Because of the electricity […]
This article is published in association with IMF. Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the 2024 discussions on common euro area policies with member countries[1] The euro area is recovering gradually, with a modest acceleration of growth projected for 2024, gathering further speed in 2025. Increasing real wages together with […]
This article is published in association with IMF. Era Dabla-Norris, Ruud de Mooij The AI transition will require stronger social safety nets, investment in education, and tax systems that support human workers and mitigate inequality New generative-AI technologies hold immense potential for boosting productivity and improving the delivery of public services, but the sheer speed and […]
This article is published in association with IMF. The US dollar continues to cede ground to nontraditional currencies in global foreign exchange reserves, but it remains the preeminent reserve currency Serkan Arslanalp, Barry Eichengreen , Chima Simpson-Bell Dollar dominance—the outsized role of the US dollar in the world economy—has been brought into focus recently as […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Spencer Feingold, Digital Editor, Public Engagement, World Economic Forum, Johnny Wood, Writer, Forum Agenda Global financial stability is under threat from the increasing frequency and sophistication of cyberattacks, according to a new report by the International Monetary Fund (IMF). The […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda 1. IMF says global economy ‘remains remarkably resilient’ The International Monetary Fund (IMF) has released its latest World Economic Outlook, projecting that growth will remain steady at 3.2% this year and next. The […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda 1. IMF warning about domestic shocks in the G20 and persistent low growth The International Monetary Fund has released insights from its upcoming World Economic Outlook report. The IMF warns that domestic shocks […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Torkington, Senior Writer, Forum Agenda In a world beset by conflict and rising geopolitical tensions, predicting the trajectory of the global economy isn’t always possible. However, leading economists can help us put these risks and opportunities into context […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda 1. The IMF cuts 2024 growth forecasts for the global economy The International Monetary Fund has kept its global growth forecast for 2023 unchanged at 3%, but has cut its 2024 forecast to […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda 1. IMF raises prospects for the global economy The International Monetary Fund (IMF) has slightly raised its global GDP growth estimates for 2023. However, it continues to warn about persistent challenges over the […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Forum Agenda 1. IMF warns medium-term growth outlook weakest in 30 years The global economy is heading for its weakest medium-term growth in more than 30 years as the world grapples with geopolitical fragmentation, slower […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. 1. IMF raises growth forecasts for 2023 The International Monetary Fund (IMF) has made a slight increase to its global growth outlook for 2023, due to “surprisingly resilient” demand in the United States and Europe, easing energy costs and […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Chris Hamill-Stewart, Freelance Editor, World Economic Forum, Gayle Markovitz, Business Editor, World Economic Forum The managing director of the International Monetary Fund (IMF) has urged the international community to stay realistic about the prospects of an economic recovery. At […]
This article is brought to you in association with the European Commission. Today, the EU signed a €100 million grant agreement (about US$97.2 million) for the International Monetary Fund’s (IMF) Poverty Reduction and Growth Trust (PRGT). These funds will allow the IMF to make about €630 million worth of zero interest loans for PRGT-eligible African, Caribbean […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Spencer Feingold, Digital Editor, Public Engagement, World Economic Forum A new government in the UK put forth a fiscal plan last month that included steep tax cuts. The proposal rattled the financial markets and caused the value of […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Senior Writer, Formative Content IMF sees rising COVID caseloads, a disrupted recovery and higher rates of inflation. Revises down 2022 global growth forecast by half a percentage point. Global growth will moderate to 4.4% in 2022, […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Linda Lacina, Digital Editor, World Economic Forum The World Health Organization held a media briefing to update the public on the COVID-19 outbreak. Streamed live at 18.30 CET on Friday, 3 April. Guest Kristalina Georgieva, Managing Director of […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Briony Harris, Senior Writer, Formative Content Climate change is already having an impact on the global economy. Countries must ensure the vulnerable are protected in order to maintain social cohesion. Despite the note of optimism, significant risks remain. […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Rosamond Hutt, Senior Writer, Formative Content “Sluggish and precarious. But it doesn’t have to be this way because some of this is self-inflicted.” That’s how the International Monetary Fund’s (IMF) Chief Economist Gita Gopinath recently summed up the state […]
The EU leaders finally came to a conclusion after three long days of tough negotiations where German Chancellor’s suggestion to appoint Frans Timmermans as next European Commission president has been turned down by Italy and eastern countries. The solution was given with the nomination of a woman and particularly German Defence Minister Ursula von der […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Formative Content Just three decades ago, Ghana was in crisis; impoverished and suffering famine, it was on the verge of economic collapse. Fast-forward to the present day, the West African nation has staged a remarkable comeback and […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jonathan D. Ostry, Deputy Director, International Monetary Fund (IMF) It is sometimes alleged that for all the microeconomic distortions that protectionist policies inflict, there can be a silver lining in terms of macroeconomic gains: more jobs, more output and […]
It’s an established fact by now that the Eurozone economy is slowing down. The International Monetary Fund cuts down the relevant growth estimate for this year to 1.6% and 1.7% for 2020. This is far below the robust 2.4% of 2017. The German economy, the largest and the more competitive country of the club, is […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Writer How do you supercharge one of the fastest-growing economies in the world? India – heralded by the International Monetary Fund as an “elephant starting to run” – now makes up 15% of global growth, fueled by […]
The Italian budget plan has recently created turbulences and serious concerns in the EU economy as the third largest economy of the bloc cuts growth forecasts and increases spending. The European Commission together with the International Monetary Fund (IMF) have urged the Italian government to restate its budget and comply with the EU fiscal rules […]
Only a few years ago, Germany’s stars of pride and accomplishment were personified and embodied in the unparalleled triumphant stories and achievements of Chancellor Angela Merkel and Deutsche Bank. They both had amazed Europe and the world, with their successes in the politico-economic universe. Until the legislative elections of September 2017, and probably sometime earlier […]
It was yesterday when the Prime Minister Alexis Tsipras stated from the Greek island of Ithaca that the austerity measures are over cheering for the Greek bailout programme exit. Mario Centeno, the chairman of the ESM’s board of governors, had said last Monday that Greece is once more a nation which doesn’t need any additional […]
This article was written by Ms Christine Lagarde, Managing Director of the International Monetary Fund. The opinions expressed belong to the distinguished writer. The article was first published in IMF blog. The artist Claude Monet once said, “I worked without stopping, for the tide at this moment is just as I need it.” As the Group […]
This article is brought to you in association with IMFBlog on the occasion of Russia World Cup Written by IMFBlog The World Cup and productivity. Two of our favorite topics, together in one chart. How much your productivity—the amount you produce per hour of work—takes a hit during the World Cup depends on where you […]
