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IMF News - the news magazine of the International Monetary Fund -- global economic and financial analysis
IMF News - the news magazine of the International Monetary Fund -- global economic and financial analysis

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Women make up a little over half of the world’s population, but their contribution to measured economic activity and growth is far below its potential. Read about the research done by IMF economists on issues related to gender and macroeconomics.
https://bookstore.imf.org/books/title/women-work-and-economic-growth
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Fiscal policy can be used to smooth the business cycle. That’s known as countercyclical policy. In bad times, taxes are lowered and spending is increased to put more money in the pockets of companies and consumers; in good times, spending is reduced and taxes raised. Fiscal policy has a greater role to play in economic stabilization today than in the past, because central banks in many advanced countries have cut interest rates very close to zero and the limits of monetary policy are being tested.
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The world’s financial system has become safer and more stable since the IMF's last assessment six months ago. Economic activity has gained momentum. The outlook has improved and hopes for reflation have risen. Monetary and financial conditions remain highly accommodative. And investor optimism over the new policies under discussion in the United States has boosted asset prices. These are some of the conclusions of the IMF’s latest Global Financial Stability Report.
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The International Monetary Fund has been forged in the fire of financial meltdowns, from debt emergencies in emerging markets to midnight rescues in the eurozone, explains Harold James, a senior fellow with the Centre for International Governance Innovation and the IMF’s official historian. The essential character of the organization that has emerged from these episodes — a cooperative that can give credit to members in their hour of need while also dispensing financial advice — remains unique and relevant in today’s uncertain world, argues the IMF historian in this video.
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Momentum in the global economy has been building since the middle of last year, allowing the IMF to reaffirm its earlier forecasts of higher global growth this year and next. It projects the world economy to grow at a pace of 3.5 percent in 2017, up from 3.1 percent last year, and 3.6 percent in 2018. Acceleration will be broad based across advanced, emerging, and low-income economies, building on gains we have seen in both manufacturing and trade. The new projection for 2017 in the April World Economic Outlook is marginally higher than what IMF economists expected in their previous update. This improvement comes primarily from good economic news for Europe and Asia, as well as continuing expectations for higher growth this year in the United States.
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The IMF’s latest World Economic Outlook projects global growth at 3.5 percent in 2017 and 3.6 percent in 2018. In this podcast, IMF Chief Economist Maurice Obstfeld says global growth is gaining momentum. Contributors: Maurice Obstfeld, IMF Economic Counselor
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