iOS app Android app

Fiscal Consolidation

Taking Stock: Public Finances Now Stronger in Many Countries

Carlo Cottarelli | Posted 12.10.2012 | Business
Carlo Cottarelli

The slow global recovery is making fiscal adjustment more difficult around the world, but this doesn't mean that little has been accomplished. In fact, significant progress in many countries has been made during the past two years in strengthening their fiscal accounts after the 2008-09 deterioration.

Risks to Financial Stability Increase, Bold Action Needed

José Viñals | Posted 09.16.2012 | Business
José Viñals

Emerging economies are facing a twin challenge: dealing with the impact from advanced economies' troubles, while confronting increasing home-grown vulnerabilities.

World Faces Weak Economic Recovery

Olivier Blanchard | Posted 09.15.2012 | Business
Olivier Blanchard

The world recovery can continue, and can strengthen. The right pace of fiscal consolidation, continuing expansionary monetary policy, getting the financial sector back to health to decrease borrowing costs, and solidarity, especially within the Euro zone, are all of the essence.

Fiscal Glass Is Half Full: Some Reasons for Optimism

Carlo Cottarelli | Posted 11.21.2011 | Business
Carlo Cottarelli

In the midst of jittery financial markets, and global economic doom and gloom, it's easy to become pessimistic. Perhaps too much so; amid what seems like a steady drum beat of bad news, one can lose sight of what has been achieved over the last couple of years.

Strong Policy Action -- The Essence of Restoring Global Economic Hope

Olivier Blanchard | Posted 11.21.2011 | Business
Olivier Blanchard

The global economy has entered a dangerous new phase. The recovery has weakened considerably, and downside risks have increased sharply. Strong policies are urgently needed to improve the outlook and reduce risks.

Christine Lagarde on Sovereign Debt, Growth and Social Instability

iMFdirect | Posted 09.25.2011 | Business
iMFdirect

The IMF chief gave a speech in New York City today that sets out how the IMF can help countries tackle this troika of challenges to the global economy...

Shifting Gears: Where the Rubber Meets the Fiscal Road

Carlo Cottarelli | Posted 06.13.2011 | Business
Carlo Cottarelli

Countries are starting the climb the fiscal adjustment mountain, cutting back government deficits and debt levels, but according to our analysis, current plans often aren't enough to get countries where they need and want to go.

Global Recovery Strengthens, Tensions Heighten

Olivier Blanchard | Posted 06.11.2011 | Business
Olivier Blanchard

The need for careful design of economic policies at the national level, and coordination at the global level, may be as important today as they were at the peak of the crisis two years ago.

The Long and the Short of It -- Government Debt Plans in 2011 and Beyond

Carlo Cottarelli | Posted 05.25.2011 | Business
Carlo Cottarelli

As we said in the just-published Fiscal Monitor update, fiscal policy this year in some leading advanced economies is shaping up to be quite different from what was expected just last November.

'Combination of Worries' Gets Attention in Davos (Video)

iMFdirect | Posted 05.25.2011 | Business
iMFdirect

Europe's sovereign debt crisis, fiscal challenges in advanced economies, concerns about overheating in emerging market countries, and the impact of rising food prices. These were the hot topics this year in Davos.

Time Waits for No Man: How to Secure Financial Stability in 2011

José Viñals | Posted 05.25.2011 | Business
José Viñals

In emerging markets, policymakers must act now to avoid future crises. It is important to maintain the appropriate mix of macroeconomic and prudential financial policies to deal with the challenges posed by capital inflows.

Two-Speed Global Recovery Continues

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

The world economic recovery continues. But it remains a two-speed recovery: slow in advanced countries, and much faster in emerging and developing economies.

Exploring Economic Policy Frontiers After the Crisis: 2010 IMF Research Conference

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

The crisis has forced economists and policy makers to go back to their drawing boards. Where did they go wrong, and what implications does the crisis have for both macroeconomic theory and macroeconomic policy making?

The Two Rebalancing Acts

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

Achieving a "strong, balanced, and sustained world recovery"--to quote from the goal set in Pittsburgh by the G-20--was never going to be easy. It req...

Global Economy: Continuing Recovery But Clouds on the Horizon

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

How Europe deals with fiscal and financial problems, how advanced countries proceed with fiscal consolidation, and how emerging countries rebalance their economies going forward will determine if we see recovery or stagnation.

The Priority of Growth and Jobs -- the IMF's Dialogue With the Unions

Dominique Strauss-Kahn | Posted 05.25.2011 | Business
Dominique Strauss-Kahn

While the IMF and the labor movement might have some differing views, our goals are ultimately the same -- standing against narrow domestic interests, against nationalism, against war. And standing for better living standards for all, and for peace.

World Faces Serious New Economic Challenges

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

Achieving strong, sustained and balanced growth will not be easy. It will require fiscal consolidation in advanced countries, exchange rate adjustments, and a rebalancing of demand across the world.