2020 was a record-breaking year for housing markets in many countries- including the US, but for the commercial real estate sector, it was a completely different story. Lockdown and containment measures severely affected economic activity, pushing down commercial property transactions and prices in cities around the world. A new analytical chapter in the IMF Global Financial Stability Report looks at how continued downward pressure on prices could threaten financial stability and hamper the recovery. In this podcast, lead author Andrea Deghi and team lead Mahvash Qureshi say vacancy rates of office space in the US almost doubled in 2020 due to people having to work from home, a trend likely to continue well beyond the pandemic.
Read the analytical chapter: https://www.imf.org/en/Publications/GFSR/Issues/2021/04/06/global-financial-stability-report-april-2021
Read the blog: https://blogs.imf.org/
Public policy plays an important role in the recovery from the pandemic, but private sector innovation and agility can make a big difference on many counts. In this episode, Alphabet and Google CFO Ruth Porat talks with IMF Managing Director Kristalina Georgieva and David Miliband, Chief Executive Officer of the International Rescue Committee, on Google's Zeitgeist podcast, an exclusive series that brings together extraordinary leaders to focus on critical issues for the world. Transcript
Earlier this month, AFRODAD's Jason Braganza was invited to participate in the IMF and European Commission's annual African Fiscal Forum, where Finance Ministers, heads of international agencies, and development partners discussed ways to support African economies through the pandemic. In this podcast, Braganza says countries need more fiscal space to boost social protection systems, provide stimulus for businesses, and create resources for vaccination procurement and rollout programs.
Corporate market power has been on the rise in recent decades, but a new IMF study shows the pandemic has strengthened price markups for dominant firms and increased the concentration of revenues among the biggest players in sectors such as technology and pharma. The Brookings Institution and Bruegel hosted a conversation with Kristalina Georgieva, IMF Managing Director, U.S. Senator Amy Klobuchar (D-Minn.), and Margrethe Vestager, Executive Vice President of the European Commission, to talk about the research and discuss policy responses. In this podcast, lead author Romain Duval says a further rise in corporate market power would stifle innovation, hold back wage growth, and be a drag on the economic recovery. Romain Duval is Assistant Director in the IMF Research Department.
Read the Blog at https://blogs.imf.org/
Watch the webcast at https://www.brookings.edu
IMF Managing Director Kristalina Georgieva and US Treasury Secretary Janet Yellen celebrate International Women's day with a conversation about the advancement of women in the field of economics. Transcript
Watch the webcast HERE
There are talented people everywhere, with ideas that could make the world a better place to live in. But what does it take for a promising young innovator to reach their full potential? In this podcast, IMF economist Ruchir Agarwal says global scientific output could be more than 40 percent higher if talented youth around the world had equal opportunities to nurture their abilities. Look for Agarwal and coauthors Ina Ganguli and Patrick Gaule's article Embracing the Gift of Global Talent in the March 2021 issue of Finance and Development Magazine. Transcript