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Making the Most of Bad Situations

By Hugh Bredenkamp Governments in low-income countries are having to deal with a lot of bad news these days. Slow growth in the advanced economies is dampening demand for their exports and affecting...

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Mediocre Growth, High Risks, and The Long Road Ahead

By Olivier Blanchard (Versions in Español, عربي) For the past six months, the world economy has been on what is best described as a roller coaster. Last autumn, a simmering European crisis became...

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Jobs and Growth: Can’t Have One Without the Other?

By Min Zhu (Version in Español, in عربي)) As Frank Sinatra crooned about love and marriage, so it seems about jobs and growth: “This I tell ya, brother, you can’t have one without the other.” The IMF’s...

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World Faces Weak Economic Recovery

By Olivier Blanchard (Versions in  عربي, 中文, Español, Français, Русский, 日本語) The global recovery continues, but the recovery is weak; indeed a bit weaker than we forecast in April. In the Euro zone,...

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Signs of Fiscal Progress: Will It Be Enough?

By Carlo Cottarelli (Versions in  عربي, 中文, Español, Français, Русский, 日本語) We’ve just updated our latest assessment of the state of government finances, debts, and deficits in advanced and emerging...

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The Ties That Bond Us: What Demand For Government Debt Can Tell Us About the...

by Serkan Arslanalp and Takahiro Tsuda It’s not news that emerging markets can be vulnerable to bouts of market volatility. Investors often pull sudden stops—they stop buying or start selling off their...

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We May Have Avoided the Cliffs, But We Still Face High Mountains

by Olivier Blanchard Version in Español  and عربي Optimism is in the air, particularly in financial markets. And some cautious optimism may indeed be justified. Compared to where we were at the same...

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The Fiscal Milestone: Achievements, Fatigue, and Prospects

By Carlo Cottarelli (Versions in عربي , 中文, 日本語, and Español) The 2008–09 global economic crisis pushed public debt ratios of advanced economies to levels never seen before during peacetime. These...

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Recovery Strengthening, but Much Work Remains

By: Olivier Blanchard (Versions in Español عربي, Русский,  Français, and 中文 ) I want to take a moment today to remember our colleague Wabel Abdallah, who was our resident representative in Afghanistan...

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The Slow Recovery Continues

By Olivier Blanchard (Versions in Español, 中文,  日本語, Русский ) The recovery continues, but it remains weak, indeed a bit weaker than we forecast in April. We have revised our forecast for world growth...

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Europe’s Russian Connections

By Aasim M. Husain, Anna Ilyina and Li Zeng (Version in Русский) The conflict in Ukraine and the related imposition of sanctions against Russia signal an escalation of geopolitical tensions that is...

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Investment in the Euro Area: Why Has It Been So Weak?

By Bergljot Bjørnson Barkbu, S. Pelin Berkmen, and Hanni Schölermann Investment in the euro area, and particularly private investment, has not recovered since the onset of the global financial crisis....

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What Advanced Economies Can Do to Rise Above the “New Mediocre”

By Era Dabla-Norris, Vikram Haksar, and Kalpana Kochhar Global growth remains anemic more than five years after the global financial crisis. If nothing is done, the prospect of settling into a “new...

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Securitization: Restore Credit Flow to Revive Europe’s Small Businesses

By Shekhar Aiyar, Bergljot Barkbu, and Andreas (Andy) Jobst If financing is the lifeblood of European small businesses, then the effect of the financial crisis was similar to a cardiac arrest. The flow...

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Imagine What Fiscal Policy Could Do For Innovation

By Vitor Gaspar and Ruud De Mooij Versions in عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), Español (Spanish) Imagine how three-dimensional printing, driverless...

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Sluggish Business Investment in the Euro Area: The Roles of Small and Medium...

By John C. Bluedorn and Christian Ebeke Small businesses could be the lifeblood of Europe’s economy, but their size and high debt are two of the factors holding back the investment recovery in the euro...

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A Sea Change: The New Migration from sub-Saharan Africa

By Jesus Gonzalez-Garcia and Montfort Mlachila Versions in Français (French), and Português (Portuguese) Migration of sub-Saharan Africans is growing rapidly. Just like the region’s population, the...

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Europe’s Russian Connections

By Aasim M. Husain, Anna Ilyina and Li Zeng (Version in Русский) The conflict in Ukraine and the related imposition of sanctions against Russia signal an escalation of geopolitical tensions that is...

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Investment in the Euro Area: Why Has It Been So Weak?

By Bergljot Bjørnson Barkbu, S. Pelin Berkmen, and Hanni Schölermann Investment in the euro area, and particularly private investment, has not recovered since the onset of the global financial crisis....

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What Advanced Economies Can Do to Rise Above the “New Mediocre”

By Era Dabla-Norris, Vikram Haksar, and Kalpana Kochhar Global growth remains anemic more than five years after the global financial crisis. If nothing is done, the prospect of settling into a “new...

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