Coronavirus takes down global economic giants - "Otaviano Canuto"

The IMF recently revised down its growth forecasts, making large changes in the forecasts for some emerging markets, in particular Brazil and oil-producing countries (such as Nigeria and Saudi Arabia). This report presents a snapshot of the global unemployment outlook and discusses what the recent revisions could mean for the unemployment outlook for these countries based on past relationships between growth and unemployment. We conclude with a look at the growth-unemployment link f ...

Trade negotiators rarely get to celebrate a victory. The United States, for example, has been negotiating over 15 bilateral free trade agreements, with none concluded since the Korea-US agreement was finalized at the end of 2010. This makes the recently finalized Trans-Pacific Partnership (TPP)agreement between the United States and 11 other countries all the more remarkable. But the TPP still faces major hurdles, not least a divisive ratification debate in the U.S. C ...

The global unemployment rate is expected to increase slightly in 2016 to 5.7 percent but remain well below the peak of 6.2 percent recorded in 2009. The increase results from deteriorating growth prospects among many emerging markets and in some oil-producing countries. According to forecasts released in the IMF’s October 2015 World Economic Outlook, big increases in unemployment are expected to occur next year in Venezuela, Brazil, Argentina, and Russia. ...

Récemment parue parmi la série de Policy Briefs publiés par OCP Policy Center, une étude réalisée conjointement par Prakash Loungani et Saurabh Mishra a mis l’accent sur la réaction du chômage et l’emploi par rapport à la croissance économique dans les pays du G-20. L’objectif est de quantifier l’apport d’un point supplémentaire de croissance sur l’évolution du taux d’emploi, et sur le taux du chômage sur la période 1980-2014.  Sur la période 1980-2007, les ...

Greek Prime Minister Alexis Tsipras has already completed two notable labors. First, he led his radical left-wing Syriza party to an improbable election victory in January 2015. Then, also improbably, he won a resounding no vote in a referendum on July 5 on accepting the terms of Greece’s international creditors for a new bailout package. According to Greek mythology, there are ten more labors to go, and indeed, it will probably take that many to redeem the Greek eco ...