Recent geoeconomic developments affect the energy transition and have implications for the design of the climate scenarios used in the financial sector to assess climate-related financial risks. This note proposes potential adjustments to climate scenarios design.
Asia and the Pacific's green transition will have far-reaching implications for the global economy as the region has become the engine of global economic growth and the largest contributor to growth in global greenhouse gas emissions. Read the latest research.
Urgent and aggressive action to cut greenhouse gas emissions this decade is needed. As countries take stock of the Paris Agreement, this Note provides IMF staff's annual assessment of global climate mitigation policy.
Europe is at a turning point. The continent simultaneously grapples with firmly bending the inflation curve now while securing strong and green growth in the medium term. To ensure a smooth return to price stability, the near-term policy mix should remain restrictive while structural policies need to tackle supply constraints and obstacles to economic dynamism.
Green Innovation and Diffusion: Policies to Accelerate Them and Expected Impact on Macroeconomic and Firm-Level Performance
Curbing greenhouse gas emissions is a global priority to prevent catastrophic climate change, and a strategy that prioritizes the development and deployment of low-carbon technologies (LCTs) is instrumental in achieving this goal. Read the latest research by IMF staff.
The 2023 IMF Annual Report highlights the IMF’s work to support its members to address successive shocks, including Russia’s war on Ukraine, inflation, debt vulnerabilities, inequality food insecurity, geoeconomic fragmentation, climate change, and digitalization.
The Asia-Pacific region remains a key driver of global growth in 2023, despite facing headwinds from changing global demand from goods to services and tighter monetary policies. The region is expected to grow by 4.6 percent in 2023, up from 3.9 percent in 2022. However, growth is projected to slow to 4.2 percent in 2024 and 3.9 percent in the medium term.
After a stronger-than-expected recovery from the pandemic and continued resilience in early 2023, economic growth in Latin America and the Caribbean (LAC) is softening as the effect of tighter policies to combat inflation is taking hold and the external environment is weakening.
Across the Middle East and Central Asia, the combined effects of global headwinds, domestic challenges, and geopolitical risks weigh on economic momentum, and the outlook is highly uncertain.
Growth in sub-Saharan Africa in 2023 is expected to fall for the second year in a row to 3.3 percent. But inflation is falling, public finances are stabilizing, and growth is set to rebound to 4.0 percent next year. Still, it is too early to celebrate.
Throughout the past two decades, Morocco has faced several external and domestic shocks, including large swings in international oil prices, regional geopolitical tensions, severe droughts, and most recently the impact of the pandemic and the economic fallout from Russia’s invasion of Ukraine. Despite rough waters, the government stayed the course and remained focused not only on immediate stability, but also on the long-term needs of the Moroccan economy.