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Middle East and Central Asia > Qatar

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Economic Growth and Aggregate Productivity: General x
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Cover Regional Economic Outlook, Europe, April 2024
Regional Economic Outlook, Europe, April 2024
Soft Landing in Crosswinds for a Lasting Recovery
International Monetary Fund. European Dept.

Abstract

A soft landing for Europe’s economies is within reach. Securing the baseline of growth with price stability will require careful monetary policy calibration. Faster fiscal consolidation would ensure buffers are adequate to tackle future shocks, while structural fiscal reforms would help address mounting long-term expenditure pressures. Beyond the near-term recovery, raising potential growth prospects calls for efforts at both the domestic and European levels. Measures should aim to raise labor force participation, prepare the workforce for looming structural shifts, set an enabling environment for private investment, and promote innovation on a level European playing field—especially when it comes to the green transition, including through a strong commitment to carbon pricing. Greater European integration would amplify the effect of these reforms. Formulating an ambitious set of growth-enhancing reforms should be a key priority of a new EU commission.

Keywords:
Inflation; Growth; Monetary Policy; Fiscal Policy; Productivity; single market; soft landing; CESEE economy; inflation rate; IMF staff calculation; EU accession path; EU country; per capita income; Labor markets; Artificial intelligence; Europe; Global
Cover Policy Papers
The Managing Director's Global Policy Agenda, Spring Meetings 2024: Rebuild, Revive, Renew
International Monetary Fund
The global economy has shown remarkable resilience, and appears headed for a soft landing. But buffers have been eroded, growth prospects are lackluster, and vulnerable countries are at risk of falling further behind. While inflation has fallen, it remains above target in many countries. Against this background, the key policy priorities are to: (i) rebuild buffers; (ii) revive medium-term growth; and (iii) renew the IMF’s commitment to ensure that our policies, lending toolkit, and governance are fit for purpose. Central banks need to finish the job on inflation, carefully managing its descent to target. With a soft landing in sight, policymakers’ focus needs to shift to fiscal consolidation to safeguard public finances. Reviving growth prospects will require accelerating structural reforms and joint efforts by countries to tackle transformational challenges. Firmly grounded in its mandate, working with its members, and in partnership with other international organizations, the IMF will continue to serve its members with policy advice, financial lifelines, and capacity development to help safeguard their economic and financial stability, a foundation for inclusive and sustainable growth.
Keywords:
Policy agenda; IMF surveillance; IMF-WTO dialogue; global Policy agenda; quota resource; lending capacity; Fiscal consolidation; Inclusive growth; Financial sector stability; Financial sector risk; Artificial intelligence; Global
Cover IMF Working Papers
High Performance Export Portfolio: Design Growth-Enhancing Export Structure with Machine Learning
Ms. Natasha X Che
and
Xuege Zhang
This paper studies the relationship between export structure and growth performance. We design an export recommendation system using a collaborative filtering algorithm based on countries' revealed comparative advantages. The system is used to produce export portfolio recommendations covering over 190 economies and over 30 years. We find that economies with their export structure more aligned with the recommended export structure achieve better growth performance, in terms of both higher GDP growth rate and lower growth volatility. These findings demonstrate that export structure matters for obtaining high and stable growth. Our recommendation system can serve as a practical tool for policymakers seeking actionable insights on their countries’ export potential and diversification strategies that may be complex and hard to quantify.
Keywords:
export diversification; comparative advantage; machine learning; collaborative filtering; economic growth; international trade; export structure; export portfolio recommendation; export recommendation system; performance export portfolio; export potential; Exports; Comparative advantage; Export diversification; Human capital; Total factor productivity; Global; East Asia
Cover Staff Discussion Notes
Toward a Global Approach to Data in the Digital Age
Mr. Vikram Haksar
,
Mr. Yan Carriere-Swallow
,
Emran Islam
,
Andrew Giddings
,
Kathleen Kao
,
Emanuel Kopp
, and
Gabriel Quiros
The ongoing economic and financial digitalization is making individual data a key input and source of value for companies across sectors, from bigtechs and pharmaceuticals to manufacturers and financial services providers. Data on human behavior and choices—our “likes,” purchase patterns, locations, social activities, biometrics, and financing choices—are being generated, collected, stored, and processed at an unprecedented scale.
Keywords:
Data, finance, bigtech, competition, privacy, trade, policy coordination, global principles; data portability; DATA policies country; privacy trade-off; policy divergence; data availability divide; data economy; Digital economy; Competition; Financial sector stability; Artificial intelligence; Global