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Abhijit Banerjee, has worked in dozens of countries trying to better understand the economics of poverty. He argues anti-poverty policies often fail because of inadequate understanding of the decisions poor people make. Banerjee Participated in a seminar on Sustainable Economic Development during the IMF World-Bank Spring meetings. In this podcast, we discuss why so little is known about a billion poor people in the world. Contributors: Abhijit Banerjee, Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology, and author of Poor Economics, A radical Rethinking of the Way to Fight Global Poverty
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Poor Economics with Abhijit Banerjee by IMF Podcasts
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The International Monetary Fund cut its forecasts for global economic growth this year and next as the unexpected U.K. vote to leave the European Union creates a wave of uncertainty amid already-fragile business and consumer confidence.

“The Brexit vote implies a substantial increase in economic, political, and institutional uncertainty, which is projected to have negative macroeconomic consequences, especially in advanced European economies,” according to the IMF’s World Economic Outlook Update released today.
July 19, 2016. Brexit causes 'substantial' increase in economic, political, institutional uncertainty; Global forecast for 2017 cut by 0.1 percentage point, to 3.4 percent; If not for Brexit, global forecast would have been slightly higher. The International Monetary Fund cut its forecasts for ...
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With “Brexit” still very much unfolding, the extent of uncertainty complicates the already difficult task of macroeconomic forecasting. The baseline global growth forecast has been revised down modestly relative to the April 2016 WEO (by 0.1 percentage points for 2016 and 2017, as compared to a 0.1 percentage point upward revision for 2017 envisaged pre-Brexit). Brexit-related revisions are concentrated in advanced European economies, with a relatively muted impact elsewhere, including in the United States and China.
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South Africa faces significant challenges and needs decisive action to revive growth, the IMF said in its latest annual assessment of the country’s economy. South Africa has made considerable economic and social progress since its first democratic election in 1994, but many citizens have not sufficiently benefited from the improvements. The report shows income inequality and unemployment remain among the highest in the world, and growth has waned in recent years.
South Africa faces significant challenges and needs decisive action to revive growth, the IMF said in its latest annual assessment of the country’s economy.
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Recovery in the euro area has strengthened, but the medium-term outlook remains weak and is endangered by a lack of collective action to address common challenges. Members must rebuild faith in the monetary union, says the IMF in its latest review of the currency union. “The euro area is at a critical juncture. The progress made during the acute phase of the crisis and the recovery should not lead to complacency about the underlying challenges. Policymakers should seize this moment to reverse the rising tide of Euroscepticism and strengthen the monetary union by acting together. Muddling through is increasingly untenable,” said Mahmood Pradhan, mission chief for the euro area.
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trade  - 
 
 
China’s breakneck growth is slowing, and the drivers of that growth are changing from investment and exports to domestic consumption. This shift is affecting the global economy—but especially commodity exporters, many of which are in Africa. The Chinese Customs office announced recently that China’s imports from Africa fell by almost 40 percent in 2015. Slumping Chinese demand has led to precipitous price declines, putting pressure on the fiscal and external accounts of many African countries. Economic growth in sub-Saharan Africa, which averaged 5 to 6 percent over the past two decades, fell below 4 percent in 2015 and is expected to decline further in 2016.
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Abhijit Banerjee, has worked in dozens of countries trying to better understand the economics of poverty. He argues anti-poverty policies often fail because of inadequate understanding of the decisions poor people make. Banerjee Participated in a seminar on Sustainable Economic Development during the IMF World-Bank Spring meetings. In this podcast, we discuss why so little is known about a billion poor people in the world. Contributors: Abhijit Banerjee, Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology, and author of Poor Economics, A radical Rethinking of the Way to Fight Global Poverty
IMF Podcasts
Poor Economics with Abhijit Banerjee by IMF Podcasts
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economic trends  - 
 
 
With “Brexit” still very much unfolding, the extent of uncertainty complicates the already difficult task of macroeconomic forecasting. The baseline global growth forecast has been revised down modestly relative to the April 2016 WEO (by 0.1 percentage points for 2016 and 2017, as compared to a 0.1 percentage point upward revision for 2017 envisaged pre-Brexit). Brexit-related revisions are concentrated in advanced European economies, with a relatively muted impact elsewhere, including in the United States and China.
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Michiel Van Kets's profile photo
 
or ... brexit is not the problem but fascist institutions like the IMF are the problem
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Financial sector  - 
 
Since the 2008 global financial crisis, the international community has made a great deal of progress in strengthening legal frameworks governing the financial sector, but a great deal more needs to be done to implement international standards and develop appropriate approaches to emerging challenges.
By Sean Hagan and Ross Leckow Since the 2008 global financial crisis, the international community has made a great deal of progress in strengthening legal frameworks governing the financial sector,…
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emerging markets  - 
 
South Africa faces significant challenges and needs decisive action to revive growth, the IMF said in its latest annual assessment of the country’s economy. South Africa has made considerable economic and social progress since its first democratic election in 1994, but many citizens have not sufficiently benefited from the improvements. The report shows income inequality and unemployment remain among the highest in the world, and growth has waned in recent years.
South Africa faces significant challenges and needs decisive action to revive growth, the IMF said in its latest annual assessment of the country’s economy.
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Recovery in the euro area has strengthened, but the medium-term outlook remains weak and is endangered by a lack of collective action to address common challenges. Members must rebuild faith in the monetary union, says the IMF in its latest review of the currency union. “The euro area is at a critical juncture. The progress made during the acute phase of the crisis and the recovery should not lead to complacency about the underlying challenges. Policymakers should seize this moment to reverse the rising tide of Euroscepticism and strengthen the monetary union by acting together. Muddling through is increasingly untenable,” said Mahmood Pradhan, mission chief for the euro area.
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China’s breakneck growth is slowing, and the drivers of that growth are changing from investment and exports to domestic consumption. This shift is affecting the global economy—but especially commodity exporters, many of which are in Africa. The Chinese Customs office announced recently that China’s imports from Africa fell by almost 40 percent in 2015. Slumping Chinese demand has led to precipitous price declines, putting pressure on the fiscal and external accounts of many African countries. Economic growth in sub-Saharan Africa, which averaged 5 to 6 percent over the past two decades, fell below 4 percent in 2015 and is expected to decline further in 2016.
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David Thomson's profile photo
 
Does depend on real consumption or manufactured consumption big differences..Lawyers
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IMF News - the news magazine of the International Monetary Fund -- global economic and financial analysis
Introduction
IMF News carries reports, views, and analysis from the International Monetary Fund. Intended for a broad audience, the articles feature insight into Fund operations, policy analyses, country developments, globalization, interviews with leading economists, and current issues in international finance. Selected articles are also published on the IMF’s Arabic, Chinese, French, Japanese, Russian, and Spanish websites.
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