The Nobel Prize in Economics, awarded yesterday, highlighted the important role of expectations. The IMF’s World Economic Outlook has given the world an important barometer of expectations about the economic climate and how they change over time. This post uses IMF figures to estimate how many jobs will be lost over the period 2011-2015 in the Eurozone, the USA and in the rest of the developed world, due to politicians’ inaction on the debt crisis over the last twelve months alone.
This post uses the latest IMF World Economic Outlook to examine which countries have been affected most by the recession. Looking at 2010-2013 growth rates, it breaks the recession’s impact down into two periods, the initial economic crisis and the subsequent rebound over the past 12 months. It finds that the recent recovery is very broadly based.
This post examines global economic growth and investigates which parts of the world have been knocked out of their economic stride by the 2008/2009 recession. It finds that, just as there was a China effect in who has rebounded fastest this year, there has been a Russia effect – or certainly a post-Soviet effect – looking at those economies worst hit. Both findings highlight the importance of regional and continental economic links, even in a globalised world.
The IMF has published its latest growth forecasts. This post gives an overview of the headline stats and analyses the revisions to the 2009 figures. It finds that while some countries in most regions of the world, with the possible exception of the Americas, have seen their growth prospects this year significantly improve, the largest concentration is around China. This suggests a regional dimension to the global economy that is likely to prove important in the medium ter.
A quick overview of Sections 1 and 3 of the IMF report on Ireland, which look at economic competitiveness, prices and wages, and taxes and public expenditure.
A review of the IMF’s April 2009 World Economic Outlook, and an analysis of the fastest growing – and contracting – economies of 2009. The 2009 economic growth in Africa and Asia is welcome, and growth (albeit weaker) in China and India indicates the beginnings of self-sustaining domestic demand in those economies.
