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Unlocking Central Asia’s Huge Potential

By Masood Ahmed The IMF has just finished its Annual Meetings in Istanbul, the traditional start of the old silk road and the gateway to Central Asia.  Strategically located between East Asia and...

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BRICs and Mortar—Building Growth in Low-Income Countries

By Dominique Desruelle and Catherine Pattillo (Versions in 中文, Português, Español,  Русский) The so-called BRIC nations—Brazil, Russia, India and China—could be a game changer for how low-income...

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Lost & Found in Eastern Europe: Replacing Funding by Western Europe’s Banks

By Bas Bakker and Christoph Klingen With Western Europe’s banks under pressure, where does this leave Europe’s emerging economies and their financial systems that are dominated by subsidiaries of these...

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Global Outlook—Still Three Speeds, But Slower

By Olivier Blanchard Today we released our update of the World Economic Outlook. The world economy remains in 3-speed mode.  Emerging markets are still growing rapidly.  The US recovery is steady.  And...

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Europe’s Economic Outlook

By Reza Moghadam Economic growth across Europe is slowly picking up, which is good news. But the recovery is still modest and measures to boost economic growth and create jobs are important. Western...

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Central, Eastern, and South-Eastern Europe: Safeguarding the Recovery as the...

By Reza Moghadam, Aasim M. Husain, and Anna Ilyina (Version in Türk) Growth is gathering momentum in most of Central, Eastern, and South-Eastern Europe (CESEE) in the wake of the recovery in the euro...

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Stabilizing Ukraine

By Reza Moghadam (Version in Русский and Español) Even before geopolitical tensions unleashed currency flight, bank deposit withdrawals and surging risk premiums, Ukraine faced serious challenges. The...

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Links and Levers: How the Caucasus and Central Asia Are Tied to Russia

By Alberto Behar (Version in Русский) The countries of the Caucasus and Central Asia (CCA) are closely linked with Russia through trade, financial, and labor market channels. These ties have served the...

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Europe’s Russian Connections

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

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Three Key Questions About the Slowdown in Emerging Markets

By Sweta Saxena 1. Are emerging markets slowing down? Yes. They have been slowing down for some time now. GDP growth has declined from 7 percent during the pre-crisis period (2003-8) to 6 percent over...

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Legacies, Clouds and Uncertainties

By Olivier Blanchard The recovery continues, but it is weak and uneven. You have now seen the basic numbers from our latest projections in the October 2014 World Economic Outlook released today.  We...

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Natural Gas: The New Gold

By Rabah Arezki Natural gas is creating a new reality for economies around the world.  Three major developments of the past few years have thrust natural gas into the spotlight: the shale gas...

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Portfolio Investment in Emerging Markets: More Than Just Ebb and Flow

By Evan Papageorgiou When the U.S. Federal Reserve first mentioned in 2013 the prospect of a cutback in its bond buying program, markets had a “taper tantrum.” Many emerging markets saw large increases...

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Building a Camaraderie of Central Bankers: How Monetary Policymakers in the...

By Min Zhu (Versions in 中文, Русский) The world’s central bankers are certainly in the news these days. Not a week goes by without the Fed, the European Central Bank or the Bank of Japan taking big and...

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Growth: An Essential Part of a Cure for Unemployment

By Davide Furceri and Prakash Loungani (version in Español, Français, 中文, Русский,  عربي,  日本語) Unemployment is a global problem. If the unemployed formed their own country, it would be the fifth...

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Seven Questions About The Recent Oil Price Slump

By Rabah Arezki and Olivier Blanchard[1] (Versions in عربي, 中文, Français, 日本語, Русский, and Español) Oil prices have plunged recently, affecting everyone: producers, exporters, governments, and...

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The Top Ten Blogs of 2014

by iMFdirect As 2014 draws to a close, we thought you might like a look back at the most read blogs of the year.  These are the headlines and ideas that caught your eyes and the list is based on...

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Global Economy Faces Strong and Complex Cross Currents

By Olivier Blanchard (version in Español) The world economy is facing strong and complex cross currents.  On the one hand, major economies are benefiting from the decline in the price of oil.  On the...

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Four Forces Facing the Global Economy

By Olivier Blanchard  (Versions in عربي and Español) In our April 2015 World Economic Outlook, we forecast global growth to be roughly the same this year than last year, 3.5% versus 3.4%.   This global...

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Financial Risks Rise Amid Uneven Global Economic Recovery

By José Viñals (Versions in عربي and Español) The three main messages from this Global Financial Stability Report are: Risks to the global financial system have risen since October and have rotated to...

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