IMF forecasts Japan’s economy grows at 0.9% this year, supported by a pick-up in consumption. We project core inflation will stay above the 2% target until the second half of 2025. Risks to growth and inflation are broadly balanced. On fiscal policy, the government should rebuild fiscal buffers and ensure debt sustainability through both revenue and expenditure measures. On monetary policy, further hikes in the short-term interest rate should proceed at a gradual pace and be data dependent. Read our latest report on Japan: https://lnkd.in/e4kRMu-z
International Monetary Fund
International Trade and Development
Washington, DC 809,656 followers
190 member countries working together to improve lives through global growth and economic stability.
About us
The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards. To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies. The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries. Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics.
- Website
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https://imf.org/
External link for International Monetary Fund
- Industry
- International Trade and Development
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1945
- Specialties
- economics, financial, and global economy
Locations
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Primary
700 19th Street N.W.
Washington, DC 20431, US
Employees at International Monetary Fund
Updates
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We project GDP growth in the Caucasus and Central Asia to slow from 4.9% in 2023 to 3.9% in 2024 before rising to 4.8% in 2025. This downgrade for 2024 (from 4.2% in our Oct. 2023 projection) and upgrade for 2025 (from 4.4%) are mainly due to oil production shifts in Kazakhstan. We expect inflation in the Caucasus and Central Asia to cool to 7.7% in 2024 and 7.1% in 2025. Most of these countries have already reached their inflation targets and have begun lowering interest rates. Learn more: https://lnkd.in/e2WjHwFx
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Shifts in global trade patterns have generated new opportunities for countries in the Middle East and Central Asia. Reducing trade barriers, easing regulatory constraints, and upgrading infrastructure can mitigate challenges and help countries leverage these opportunities. https://lnkd.in/epX_g3nF
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Narrowing the gap between the share of men and women who work is one of the very important reforms policymakers can make to revive economies amid the weakest medium-term growth outlook in more than three decades. https://lnkd.in/eUABaTpq
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Globally, there is about $1 trillion in hidden debt—borrowing for which a government is liable, but which is not disclosed to its citizens or to other creditors. Read more in our blog. https://lnkd.in/ers3p6G2
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Housing is one reason not all countries feel the same pinch of higher interest rates. The share of fixed-rate mortgages varies widely, from near zero in South Africa to more than 95% in Mexico or the US. Our research shows monetary policy has more economic impact where there are fewer fixed-rate loans. https://lnkd.in/evyWywZr
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Shipping volume through the Panama Canal was down about 30% in the first four months of 2024 compared to last year due to drought-related restrictions. Restrictions may ease later in May/June. Learn more at portwatch.imf.org PortWatch partners: Environmental Change Institute (ECI), University of Oxford, Esri, United Nations, The World Bank, World Trade Organization, SECO Economic Cooperation and Development
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In this edition of the Weekend Read, we feature IMF managing and deputy managing directors' assessment of the global economy and where it's heading, Nigeria's bold reforms, a discussion on AI's impact on jobs in developing countries, Jeffry Frieden on the intersection of politics and economics, the latest IMF research papers, and more. Our key takeaway this week: Georgieva: Remain “cool, composed, and careful” when looking at the direction of the global economy.
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We project GDP growth in the Caucasus and Central Asia to slow from 4.9% in 2023 to 3.9% in 2024 before rising to 4.8% in 2025. This downgrade for 2024 (from 4.2% in our Oct. 2023 projection) and upgrade for 2025 (from 4.4%) are mainly due to oil production shifts in Kazakhstan. We expect inflation in the region to cool to 7.7% in 2024 and 7.1% in 2025. Most of these countries have already reached their inflation targets and have begun lowering interest rates. Learn more: https://lnkd.in/e2WjHwFx
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Suez Canal shipping volume was down by two-thirds in April 2024 compared to the previous year, intensifying global trade disruptions. More insights on PortWatch. https://portwatch.imf.org PortWatch partners: Environmental Change Institute (ECI), University of Oxford, Esri, United Nations, The World Bank, World Trade Organization, SECO Economic Cooperation and Development