The World Economic Outlook is more than projected growth rates. The research behind those projections tells the story of how 190 countries, slowly but steadily, found their way through the fog of the past few years to emerge a testament to the resilience of the global economy. Pierre-Olivier Gourinchas is IMF Chief Economist and brings together the multitude of analytics, data and insight that provide the signposts. In this podcast, Gourinchas says while the fears of a global recession have not materialized, the path ahead is not without obstacles. Transcript: https://bit.ly/4b5O6x6
Read the full report at IMF.org
While the World Economic Outlook shows output in advanced economies set to exceed pre-pandemic levels next year, prospects for low-income countries and emerging markets have darkened considerably due to vaccine shortages and limited support. Overall, the outlook's global growth projection for 2021 has been revised down marginally to 5.9 percent and is unchanged for 2022 at 4.9 percent. The downgrade also reflects continuing supply disruptions and the impact on advanced economies. IMF Chief Economist, Gita Gopinath heads the WEO. In this podcast, she says universal vaccine access remains key for an equitable global recovery. Transcript
Transcript: https://bit.ly/3BBV2zZ
Read the blog at: blogs.imf.org
Inflation has not been much of a concern since the 70s when exogenous oil shocks were widely seen to have caused the phenomenon known as stagflation. But given the uncertain nature of the pandemic recovery, inflation is now on the rise and once again on everyone's mind. Analysis in the latest World Economic Outlook explores today's inflation landscape and finds we're in uncharted territory. Prachi Mishra is an Advisor in the IMF Research Department and coauthor of the study. In this podcast, she says while inflation expectations have stayed relatively anchored so far, there is still much to be concerned about. Transcript: https://bit.ly/3lgu7UV
Read the blog at: blogs.imf.org
Global prospects are looking better one year into the pandemic, albeit highly uncertain. The latest World Economic Outlook (WEO) places growth at 6% for 2021, compared to 2020's unprecedented contraction of -3.3%. But recovery is by and large vaccine-dependent and the lack of access to vaccines is making recovery hard to imagine for some countries, while others are well on their way. Malhar Nabar is Division Chief in the IMF Research Department and heads the WEO. In this podcast, he says these divergent recoveries are a big concern. Transcript
Read the WEO and the blog at IMF.org
Transcript: http://traffic.libsyn.com/imfpodcast/WEO-April_2021-transcript-IMF_Podcast.pdf
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
The IMF’s latest World Economic Outlook projects global growth at 3.1 percent in 2016 and 3.4 percent in 2017. In this podcast, IMF Chief Economist Maurice Obstfeld says growth has been too slow for too long.
Contributors:
Maurice Obstfeld, IMF Chief Economic Counselor
The new World Economic Outlook anticipates a slight acceleration in growth this year, from 3.1 to 3.2 percent, followed by 3.5 percent growth in 2017. But IMF Chief Economist Maurice Obstfeld says projections continue to be progressively less optimistic over time.
Contributors:
Maurice Obstfeld, IMF Chief Economic Counselor