Arnold McIntyre Presentation at Caribbean Exporters Colloquium March 20-21, 2013
|
|
- Reynold McLaughlin
- 6 years ago
- Views:
Transcription
1 Arnold McIntyre Presentation at Caribbean Exporters Colloquium March 20-21, 2013
2 Outline A Changed World and Region WIC Report Still Relevant?
3 A Changed World Global and regional economic conditions have changed markedly from the period when the Time for Action was written; Globalization still continues to evolve but we have passed through the worst financial crisis in over 70 years and this has given rise to a protracted global slowdown in advanced economies that has had a serious negative impact on the region; The region s tourism economies are very dependent on demand in these economies; has passed through a deep recession and coming out of it very slowly with sluggish growth and near term prospects do not suggest a strong rebound to pre-crisis growth rates; In contrast, with commodity prices remaining buoyant the region s main commodity exporters Belize, Guyana, Suriname and T&T are experiencing more robust growth.
4 The Caribbean: heavy dependence on major trading partners has impacted performance during the crisis indicated by the high correlation between Caribbean output and that of its major trading partners 6 Real GDP (Annual percent change) /11 recession great recession ECCU Other Caribbean 1/ Major Trade Partners 2/ Sources: IMF World Economic Outlook and staff estimates. 1/ Other Caribbean is an un-weighted average of Guyana, Jamaica, Suriname and Trinidad & Tobago. 2/ Trading partners is a weighted average of United States, United Kingdom, Canada and the Euro Area 4
5 A Changed World and Region The changing global landscape is also characterized by strong growth in the large EMEs China and India, export oriented Asia, also Brazil and Russia; Strong growth and economic progress is occurring in the EMEs simultaneously with sluggish growth and even stagnation in most of the advanced economies in North America and Europe; Caribbean has weak linkages with the dynamic EMEs so little growth impact.
6 WIC Report Still Relevant? Even before the crisis a number of diagnostic reports on the Caribbean noted that growth rates had been declining since the 1990s and identified the challenges and opportunities facing the region; Time for Action drew this to the attention of the policymakers and provided a comprehensive strategy for taking the CARICOM countries forward and deepening their unity; Many of those recommendations are still relevant today but disappointingly remain unimplemented.
7 WIC Report Still Relevant? The case for regional integration among small states remains valid Volatility, high fixed costs, small size and diseconomies of scale The core elements of the WIC report remain relevant WIC report articulated an export-oriented growth strategy and that is still the only option for small, open economies; Export diversification is still critical to achieving a higher sustainable rate of growth and employment services still offers great opportunities for the region. Does the changed global landscape and the relatively weaker economic conditions in the region necessitate modifications to the comprehensive policy framework spelt out in the WIC report?
8 WIC Report Still Relevant? The changing global landscape and the economic difficulties being experienced by the region provide another opportunity for introspection and strategizing; For most countries the near term economic objective is preserving macroeconomic stability whilst tackling deteriorating fiscal conditions, rising debt levels and financial sector vulnerabilities; Over the medium to long term the main goals of policymakers would seem to be reinvigorating growth, enhancing competitiveness and productivity, tackling financial sector vulnerabilities and providing adequate support to the poor and vulnerable groups.; Regional cooperation has a definite role to play in helping the region achieve these objectives.
9 WIC Report Still Relevant? Moving forward with a revamped strategy requires governments to strengthen economic and financial management at the national level An efficient public sector improves the government s implementation capacity and reduces costs; a strong fiscal position provides the space for the government to channel more resources to infrastructure development and strengthen social protection; a strong fiscal position reduces debt which is a drag on growth in some countries; and fiscal space is needed to support the pursuit of regional cooperation initiatives to complement national development efforts.
10 WIC Report Still Relevant? At regional level complete key elements of unfinished agenda and strengthen regional cooperation in provision of public goods vital to promoting growth; Complete the unfinished agenda: Notably Finish trade integration agenda with a common market and enhanced trade facilitation arrangements; Establish a simple, transparent scheme for increased labor mobility; Remove impediments to the establishment of regional enterprises (that is already taking place); Pursue diversified trading arrangements.
11 WIC Report Still Relevant? Regional policy coordination is an obvious area of economic benefit to the region and supports growth; Regional financial regulation and supervision; Harmonized policy to eliminate tax competition; Other possible areas include coordinated approaches to: climate change; energy policy (alternative sources); and developing new service exports e.g. cultural and creative services, professional services, health and wellness.
12 Thank You
Debt Burden and Fiscal Sustainability in the Caribbean Region IMF- Presentation
Debt Burden and Fiscal Sustainability in the Caribbean Region IMF- Presentation Trevor Alleyne Division Chief Caribbean I Division Western Hemisphere Department International Monetary Fund- IMF Meeting
More informationEconomic policy-making in a small and open economy the case of Suriname
Is small beautiful? Economic policy-making in a small and open economy the case of Suriname Gillmore Hoefdraad November 2012 Highlights World Economic Outlook 2 Summary Global growth has decelerated. Growth
More informationOutlook for the World Economy: Implications for the Caribbean. Saul Lizondo. Western Hemisphere Department International Monetary Fund
Outlook for the World Economy: Implications for the Caribbean Saul Lizondo Associate Director Western Hemisphere Department International Monetary Fund Trinidad id d and Tobago, September, 1 Presentation
More informationDevelopment Challenges in Jamaica
Development Challenges in Jamaica Country Department Caribbean Group Henry Mooney Juan Pedro Schmid POLICY BRIEF Nº IDB-PB-278 May 2018 Development Challenges in Jamaica Henry Mooney Juan Pedro Schmid
More informationAnalyzing the Impact of the Global Financial Crisis on the Government of Trinidad and Tobago Fiscal Accounts
Analyzing the Impact of the Global Financial Crisis on the Government of Trinidad and Tobago Fiscal Accounts Presented by: Richard Cassie and Kester Thompson XLIV (44 th) Annual Conference of Monetary
More informationChallenges for Financial Stability: Risks and Rewards
Challenges for Financial Stability: Risks and Rewards By Ewart Williams Distinguished Fellow University of the West Indies 2014 High Level Caribbean Forum October 24 Montego Bay, Jamaica 0 Outline 1. Structure
More informationWorld. Source: IMF, World Economic
The IMF in the Global Economy New Initiatives and Prospects Arnold McIntyre* CCMF 13 th Annual Senior Level Policy Seminar Jamaica, September 4, 2009 *The views expressed herein are those of the author
More informationThe Global Financial Crisis Implications for the Caribbean
The Global Financial Crisis Implications for the Caribbean Trevor Alleyne* Caribbean Development Bank Conference Barbados December 3, 28 *The views expressed herein are those of the author and should not
More informationECONOMIC FORECAST MONITOR A summary of global and national projections
CENTRALE BANK VAN ARUBA ECONOMIC FORECAST MONITOR A summary of global and national projections July 11, 2017 Executive summary... 1 I. Annual forecasts for Aruba... 2 II. Quarterly and annual forecasts
More informationOECD Interim Economic Projections Real GDP 1 Percentage change September 2015 Interim Projections. Outlook
ass Interim Economic Outlook 16 September 2015 Puzzles and uncertainties Global growth prospects have weakened slightly and become less clear in recent months. World trade growth has stagnated and financial
More informationWorld Economic Situation and Prospects asdf
World Economic Situation and Prospects 2019 asdf United Nations New York, 2019 South Asia GDP Growth 8.0 8.0% 6.1 6.0% 6.6 4.8 4.0% total 5.6 5.4 per capita 4.4 4.1 5.9 4.7 projected 2.0% 2016 2017 2018
More informationGlobal Economic Prospects: A Fragile Recovery. June M. Ayhan Kose Four Questions
//7 Global Economic Prospects: A Fragile Recovery June 7 M. Ayhan Kose akose@worldbank.org Four Questions How is the health of the global economy? Recovery underway, broadly as expected How important is
More informationWorld Economic Situation and Prospects asdf
World Economic Situation and Prospects 2019 asdf United Nations New York, 2019 Latin America and the Caribbean GDP Growth 2.0% 0.0 2.3 1.7 1.0-1.3 0.0-2.0% total per capita 1.0 0.0 projected -2.3 2016
More informationTrends in the Global Economy
Trends in the Global Economy Conference on the Economy, UWI, October 1, 2009 Alvin Hilaire Chief Economist & Director of Research Central Bank of Trinidad & Tobago Trinidad & Tobago s size and global links
More informationCOTE 2017 ARMCHAIR DISCUSSION ECONOMIC PERSPECTIVES ON THE REGION. Anthony Peter Gonzales
COTE 2017 ARMCHAIR DISCUSSION ECONOMIC PERSPECTIVES ON THE REGION Anthony Peter Gonzales 11/10/2017 GROWTH RATES Since 2009 the majority of Caribbean countries have grown on average 1.2% per year, compared
More informationEuropean Press Conference for the Launch of the UN World Economic Situation and Prospects 2013
Georgetown University From the SelectedWorks of Robert C. Shelburne January, 2013 European Press Conference for the Launch of the UN World Economic Situation and Prospects 2013 Robert C. Shelburne, United
More informationInvestment and its Financing: A Macro Perspective
G R O U P O F T W E N T Y Investment and its Financing: A Macro Perspective Annex to the G Surveillance Note Meetings of G Finance Ministers and Central Bank Governors February, 3 Prepared by Staff of
More informationDevelopment Challenges in Trinidad and Tobago
Development Challenges in Trinidad and Tobago Country Department Caribbean Group Lodewijk Smets POLICY BRIEF Nº IDB-PB-280 May 2018 Development Challenges in Trinidad and Tobago Lodewijk Smets May 2018
More informationHamid Rashid, Ph.D. Chief Global Economic Monitoring Unit Development Policy Analysis Division UNDESA, New York
Hamid Rashid, Ph.D. Chief Global Economic Monitoring Unit Development Policy Analysis Division UNDESA, New York 1 Global macroeconomic trends Major headwinds Risks and uncertainties Policy questions and
More informationWORLD ECONOMIC OUTLOOK October 2017
WORLD ECONOMIC OUTLOOK October 2017 Andreas Bauer Sr Resident Representative @imf_delhi World Economic Outlook The big picture Global activity picked up further in 2017H1 the outlook is now for higher
More informationECONOMIC OUTLOOK UNIVERSITY OF CYPRUS ECONOMICS RESEARCH CENTRE. October Issue 15/4
SUMMARY UNIVERSITY OF CYPRUS ISSN 1986-1001 The recovery of economic activity in Cyprus is forecasted to continue in the following quarters. Real GDP growth for 2015 is projected at 1.3%. Real output is
More informationMarkit economic overview
Markit Economics Markit economic overview Global economic growth weakest since late-2012 April 13 th 2016 Global economic growth weakest since late-2012 Global economic growth was running at its weakest
More informationBOARDS OF GOVERNORS 2008 ANNUAL MEETINGS WASHINGTON, D.C.
BOARDS OF GOVERNORS 2008 ANNUAL MEETINGS WASHINGTON, D.C. INTERNATIONAL MONETARY FUND WORLD BANK GROUP INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-Third Meeting April 16, 2016 IMFC Statement by Angel Gurría Secretary-General The Organisation for Economic Co-operation and Development (OECD) IMF
More informationUN: Global economy at great risk of falling into renewed recession Different policy approaches are needed to address continued jobs crisis
UN: Global economy at great risk of falling into renewed recession Different policy approaches are needed to address continued jobs crisis New York, 18 December 2012: Growth of the world economy has weakened
More informationUPDATE ON GLOBAL PROSPECTS AND POLICY CHALLENGES
G R O U P O F T W E N T Y UPDATE ON GLOBAL PROSPECTS AND POLICY CHALLENGES G-20 Leaders Summit September 5 6, 2013 St. Petersburg Prepared by Staff of the I N T E R N A T I O N A L M O N E T A R Y F U
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-Third Meeting April 16, 2016 IMFC Statement by Michel Sapin Minister of Finance and Public Accounts, France On behalf of France INTERNATIONAL MONETARY
More informationTHE GLOBAL ECONOMIC OUTLOOK. Corinne Luu ECO/MPD 23 March 2017
THE GLOBAL ECONOMIC OUTLOOK Corinne Luu ECO/MPD 23 March 2017 Global GDP growth to pick up modestly, boosted by fiscal initiatives Quarterly global growth Global GDP growth projections Note: Estimated
More informationCARIBBEAN ECONOMIC REVIEW AND OUTLOOK
CARIBBEAN ECONOMIC REVIEW AND OUTLOOK Dr. Justin Ram Director of Economics Caribbean Development Bank Conference Centre February 7, 2018 Agenda 01 The global picture 02 Caribbean economic review and outlook
More informationThe OECD Global Economic Outlook
The OECD Global Economic Outlook Nigel Pain OECD Economics Department Edinburgh, 11 July 2013 NCSL Symposium for Legislative Leaders 1 Overview Presentation structure Current situation and prospects. Global
More informationMinisterial Conference on the Financial Crisis
UNECA Ministerial Conference on the Financial Crisis BRIEFING NOTE 1: The Current Financial Crisis: Impact on African Economies Ramada Plaza Hotel, Tunis, Tunisia November 12, 2008 1. Introduction The
More informationTrinidad & Tobago Country Risk Report
Trinidad & Tobago Country Risk Report Executive Summary You have downloaded a PDF of BMI's latest views on the market, summarising the key findings that are assessed in detail in the new report, as well
More informationCARIBBEAN ECONOMIC PERFORMANCE REPORT
June 2010 CENTRE FOR MONEY AND FINANCE Established under the joint auspices of the Central Banks of the Caribbean Community and The University of the West Indies Caribbean Centre for Money and Finance
More informationWORLD ECONOMIC OUTLOOK January 2018 Research Department, International Monetary Fund
WORLD ECONOMIC OUTLOOK January 2018 Research Department, International Monetary Fund Global activity has gained further momentum Global growth picked up further in 2017H2; outlook is for higher annual
More informationChapter two Overview of the Macroeconomic Situation and Outlook for Africa
002 Chapter two Overview of the Macroeconomic Situation and Outlook for Overview of the Macroeconomic Situation Economic Outlook for and the Role of the Bank Chapter 002 Overview of the Macroeconomic Situation
More informationMONETARY AND FINANCIAL TRENDS IN THE FIRST THREE QUARTERS OF 2014
MONETARY AND FINANCIAL TRENDS IN THE FIRST THREE QUARTERS OF 2014 December 2014 1 In an international economic environment marked by weak global recovery and persistent significant risks (geopolitical
More informationGovernor's Statement No. 22 October 12, Statement by the Hon. SUBHASH CHANDRA GARG, Governor of the Fund and the Bank for INDIA
Governor's Statement No. 22 October 12, 2018 Statement by the Hon. SUBHASH CHANDRA GARG, Governor of the Fund and the Bank for INDIA Statement by the Hon. Subhash Chandra Garg, Governor of the Fund and
More informationGlobal and Regional Economic Developments and Policy Priorities in the Pacific
Global and Regional Economic Developments and Policy Priorities in the Pacific Chikahisa Sumi Director IMF Regional Office for Asia and the Pacific (OAP) Tokyo, Japan GLOBAL ACTIVITY STRENGTHENING, PFTAC
More informationStatement by Olli-Pekka Lehmussaari, Executive Director for the Republic of Estonia June 30, 2000
Statement by Olli-Pekka Lehmussaari, Executive Director for the Republic of Estonia June 30, 2000 Let me start by thanking the staff on behalf of my Estonian authorities and myself for their dedication
More informationOVERVIEW. The EU recovery is firming. Table 1: Overview - the winter 2014 forecast Real GDP. Unemployment rate. Inflation. Winter 2014 Winter 2014
OVERVIEW The EU recovery is firming Europe's economic recovery, which began in the second quarter of 2013, is expected to continue spreading across countries and gaining strength while at the same time
More informationTen key messages of the Latin American and Caribbean regional consultation on Financing for Development
Ten key messages of the Latin American and Caribbean regional consultation on Financing for Development ECLAC, Santiago, 12-13 March 2015 1. Monterrey and Doha have a different political process and history
More informationUsing an index of 10, tell us how confident you are about the state of the U.S. economy. 17.0% (18) 31.1% (33) 15.1% (16) 14.5% (18) 23.
2009 Economic Survey 1. Using an index of 10, tell us how confident you are about the state of the U.S. economy. 1 very pessimistic 2 3 4 5 6 7 8 9 10 very confident rating average response count How confident
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-Third Meeting April 16, 2016 IMFC Statement by Guy Ryder Director-General International Labour Organization Urgent Action Needed to Break Out of Slow
More informationIV. THE BENEFITS OF FURTHER FINANCIAL INTEGRATION IN ASIA
IV. THE BENEFITS OF FURTHER FINANCIAL INTEGRATION IN ASIA The need for economic rebalancing in the aftermath of the global financial crisis and the recent surge of capital inflows to emerging Asia have
More informationLAC Treads a Narrow Path to Growth: The Slowdown and its Macroeconomic Challenges
LAC Treads a Narrow Path to Growth: The Slowdown and its Macroeconomic Challenges Washington, DC April 14, 2015 Chief Economist Office Latin America and the Caribbean Region I. What happened? The deceleration
More informationDIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS MULTI ANNUAL EVALUATION PROGRAMME. Evaluations planned for Years
DIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS MULTI ANNUAL EVALUATION PROGRAMME 1 st June Evaluations planned for Years -2020 The programming calendar presented in the table below is purely indicative
More informationExecutive Directors welcomed the continued
ANNEX IMF EXECUTIVE BOARD DISCUSSION OF THE OUTLOOK, AUGUST 2006 The following remarks by the Acting Chair were made at the conclusion of the Executive Board s discussion of the World Economic Outlook
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirtieth Meeting October 11, 2014 Statement by Mr. Guido Mantega Minister of Finance, Brazil On behalf of Brazil, Cabo Verde, Dominican Republic, Ecuador,
More informationOur goal is to provide a clear perspective on the global financial markets, as well as a logical framework to discuss them, thereby enabling
Our goal is to provide a clear perspective on the global financial markets, as well as a logical framework to discuss them, thereby enabling investors to recognize both the opportunities and risks that
More informationBOX 1.3. Recent Developments in Emerging and Developing Country Labor Markets
BOX 1.3 Recent Developments in Emerging and Developing Country Labor Markets GLOBAL ECONOMIC PROSPECTS JUNE 215 chapter 1 3 BOX 1.3 Recent Developments in Emerging and Developing Country Labor Markets
More informationRegional Economic Outlook
Regional Economic Outlook Caucasus and Central Asia Azim Sadikov International Monetary Fund Resident Representative November 6, 2013 Outline Global Outlook CCA: Recent Developments, Outlook, and Risks
More informationGlobal Travel Service
15 Nov 2018 Global Travel Service Global Highlights, November 2018 Economists Adam Sacks President of Tourism Economics asacks@oxfordeconomics. com David Goodger Director of Tourism Economics dgoodger@oxfordeconomi
More informationEmerging wealth Capturing the long-term growth dynamics of the emerging markets
Emerging wealth Capturing the long-term growth dynamics of the emerging markets Originally published by Watson Wyatt Worldwide Emerging wealth Capturing the long-term growth dynamics of the emerging markets
More informationHow the emerging markets slowdown will impact listed Spanish companies
How the emerging markets slowdown will impact listed Spanish companies Nereida González, Pablo Guijarro and Diego Mendoza 1 Despite the favourable impact of recent international expansion by Spanish companies,
More informationUnit 4. Mixed Macroeconomic Performance of Nepal TULA RAJ BASYAL * ABSTRACT
Unit 4 Mixed Macroeconomic Performance of Nepal TULA RAJ BASYAL * ABSTRACT Nepal continues to remain an Least Developed Country (LDC) with a per capita income of around US $ 300. The structure of the economy
More informationWorld Economic outlook
Frontier s Strategy Note: 01/23/2014 World Economic outlook IMF has just released the World Economic Update on the 21st January 2015 and we are displaying the main points here. Even with the sharp oil
More informationFOREIGN TRADE Results. February 7 th Jean-Baptiste Lemoyne. Secretary of State to the Minister for Europe and Foreign Affairs
FOREIGN TRADE 2017 Results February 7 th 2018 Jean-Baptiste Lemoyne Secretary of State to the Minister for Europe and Foreign Affairs Table of contents Summary 3 6 The deficit on goods and services deepened
More informationWTO lowers forecast after sub-par trade growth in first half of 2014
PRESS RELEASE PRESS/722 26 September 214 (-) WTO lowers forecast after sub-par trade growth in first half of 214 TRADE STATISTICS WTO economists have reduced their forecast for world trade growth in 214
More informationGlobal trends and Foreign Direct Investment in Latin America
Global trends and Foreign Direct Investment in Latin America Executive Secretary Santiago, 4 April 2017 Long-term megatrends Geopolitical changes and new global roles for China, Europe and the United States
More informationHow does the increasing global uncertainty affect Latin American ratings?
How does the increasing global uncertainty affect Latin American ratings? Sebastián Briozzo Sovereign Ratings, Standard and Poor s Santiago de Chile, October 2011 Copyright (c) 2006 Standard & Poor s,
More informationSpecial high-level meeting of ECOSOC with the World Bank, IMF, WTO and UNCTAD
Special high-level meeting of ECOSOC with the World Bank, IMF, WTO and UNCTAD Statement by Mr. Calvin McDonald, Deputy Secretary of the IMF and Acting Secretary of the International Monetary and Financial
More informationRemarks. Dr. William Warren Smith President Caribbean Development Bank Annual News Conference
AS PREPARED FOR DELIVERY Remarks Dr. William Warren Smith President Caribbean Development Bank 2019 Annual News Conference February 7, 2019 CDB Conference Centre, St. Michael, Barbados Good morning all
More informationMonetary and financial trends in the fourth quarter of 2014
Monetary and financial trends in the fourth quarter of 2014 Oil prices have significantly contracted in the third and fourth quarters of 2014, in an international economic environment marked by fragile
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-Second Meeting October 9 10, 2015 Statement by José Darío Uribe, Governor, Banco de la República, Colombia On behalf of Colombia, Costa Rica, El Salvador,
More informationGlobal Economic Prospects
Global Economic Prospects Assuring growth over the medium term Andrew Burns DEC Prospects Group January 213 1 Despite better financial conditions, stronger growth remains elusive More than 4 years after
More informationStatement by the Hon. ROSAMUND EDWARDS, Governor of the Bank and the Fund for DOMINICA, on Behalf of the Joint Caribbean Group
Governor Statement No. 42 September 23, 2011 Statement by the Hon. ROSAMUND EDWARDS, Governor of the Bank and the Fund for DOMINICA, on Behalf of the Joint Caribbean Group Statement by the Hon. Rosamund
More informationMinutes of the Monetary Policy Council decision-making meeting held on 2 September 2015
Minutes of the Monetary Policy Council decision-making meeting held on 2 September 2015 Members of the Monetary Policy Council discussed monetary policy against the background of the current and expected
More informationPublic Procurement networks in Latin America and the Caribbean
Session #7: Cross regional Learning: Cases in Caribbean and Latin American Countries Public Procurement networks in Latin America and the Caribbean Asia Pacific Public Electronic Procurement Network 2nd
More informationMeasuring Systemic Risk in the Caribbean: a Preliminary Analysis. D. Tracy Polius & DeLisle Worrell
Measuring Systemic Risk in the Caribbean: a Preliminary Analysis D. Tracy Polius & DeLisle Worrell Outline of Presentation Introduction Systemic Risk The Concept Review on Systemic Risk Models Overview
More informationStatement by the Chairman of the Fifth Summit of the Americas, the Honourable Patrick Manning, Prime Minister of the Republic of Trinidad and Tobago
FIFTH SUMMIT OF THE AMERICAS OEA/Ser.E April 17 to 19, 2009 CA-V/DP-1/09 Port of Spain, Trinidad & Tobago 19 April 2009 Original: English Statement by the Chairman of the Fifth Summit of the Americas,
More informationT20 Policy Recommendations to the G20 G20 think tank Policy Recommendations 2016,08, T20 Summit concluded on July 30.
T20 Policy Recommendations to the G20 G20 think tank Policy Recommendations 2016,08,01 2016 T20 Summit concluded on July 30. T20 Policy Recommendations to the G20 was announced at the same day. The following
More informationLONG-TERM FINANCE, LOCAL CURRENCY BOND MARKETS AND GLOBAL CAPITAL FLOWS
LONG-TERM FINANCE, LOCAL CURRENCY BOND MARKETS AND GLOBAL CAPITAL FLOWS Bernd Braasch Director, Deutsche Bundesbank The views expressed are those of the author and shouldn`t attributed to the Deutsche
More informationCan Emerging Economies Decouple?
Can Emerging Economies Decouple? M. Ayhan Kose Research Department International Monetary Fund akose@imf.org April 2, 2008 This talk is primarily based on the following sources IMF World Economic Outlook
More informationGlobal Economic Outlook John Hawksworth Chief Economist, PwC September 2012
www.pwc.co.uk/economics Global Economic Outlook John Hawksworth Chief Economist, September 2012 Agenda Global overview Short term prospects for Europe, US and BRICs Long term trends: demographics, growth
More informationGlobal Economic Outlook 2014 and comparing the forecasting performance of international organizations
Global Economic Outlook 2014 and comparing the forecasting performance of international organizations Pingfan Hong Zhibo Tan ASSA Annual Meeting Philadelphia 2014.01.04 Pingfan Hong is the Chief of the
More informationStrengths (+) and weaknesses ( )
Country Report Chile Country Report Alexandra Dumitru A new government took office in March 2014 and has been pushing through a bold reform agenda. In the meantime, the economy took a downturn, but economic
More informationCARIBBEAN ECONOMIC PERFORMANCE REPORT
CARIBBEAN ECONOMIC PERFORMANCE REPORT CARIBBEAN CENTRE FOR MONEY AND FINANCE Established under the joint auspices of the Central Banks of the Caribbean Community and The University of the West Indies 1
More informationIrish Exporters Association Half Year 2013 Review -Export contraction impacting differing sectors -
Irish Exporters Association Half Year 2013 Review -Export contraction impacting differing sectors - -------------------------------- Published August 2013 0 Contents 1. Executive Summary - January to June
More informationImplementation of Agenda 2030: Trends and progress emerging at the regional level in Latin America and the Caribbean
Implementation of Agenda 2030: Trends and progress emerging at the regional level in Latin America and the Caribbean Alicia Bárcena, Executive Secretary July 10, 2017 Question 1: Trends and progress emerging
More informationStatement by the Hon. V. NAZIM BURKE, Governor of the Fund and the Bank for GRENADA, on behalf of the Joint Caribbean Group
Governor s Statement No. 26 October 12, 2012 Statement by the Hon. V. NAZIM BURKE, Governor of the Fund and the Bank for GRENADA, on behalf of the Joint Caribbean Group Statement by the Hon. V. Nazim
More informationThe Global Economy Heightened Risks
The Global Economy Heightened Risks RISI North American Conference 5 October, 2016 David Katsnelson Director, Macroeconomics Agenda 1. Global Snapshot 2. USA Steady Growth 3. Europe Growing Slowly 4. China
More informationRIETI BBL Seminar Handout
Research Institute of Economy, Trade and Industry (RIETI) RIETI BBL Seminar Handout Stronger growth remains elusive: Urgent policy response is needed February 29, 2016 Speaker: Catherine L. Mann http://www.rieti.go.jp/jp/index.html
More informationGDP-linked securities
GDP-linked securities S. Ali Abbas International Monetary Fund March 10, 2017 Disclaimer: The views expressed in this presentation are those of the presenter and do not necessarily represent the views
More informationEFN REPORT. ECONOMIC OUTLOOK FOR THE EURO AREA IN 2015 and 2016
EFN REPORT ECONOMIC OUTLOOK FOR THE EURO AREA IN 2015 and 2016 Autumn 2015 1 About the European ing Network The European ing Network (EFN) is a research group of European institutions, founded in 2001
More informationFinancial Stability Report 2017
Financial Stability Report 2017 June 21, 2018 www.central-bank.org.tt; email: info@central-bank.org.tt Central Bank of Trinidad & Tobago, 2018 PRESENTATION FLOW 1 2 3 4 Understanding Financial Stability
More informationCommuniqué of G-7 Finance Ministers and Central Bank Governors February 20, 1999 Petersberg, Bonn
Communiqué of G-7 Finance Ministers and Central Bank Governors February 20, 1999 Petersberg, Bonn 1. We, the Finance Ministers and Central Bank Governors of the G7- countries and Wim Duisenberg, President
More informationThe global economic landscape has
How Much Decoupling? How Much Converging? M. Ayhan Kose, Christopher Otrok, and Eswar Prasad Business cycles may well be converging among industrial and emerging market economies, but the two groups appear
More informationThe Global Economy Heightened Risks
The Global Economy Heightened Risks RISI Latin American Conference 16 August, 2016 David Katsnelson Director, Macroeconomics Agenda 1. Global Snapshot A Two-Track World 2. Latin America Some Improvement
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-Third Meeting April 16, 2016 IMFC Statement by Pravin Jamnadas Gordhan Minister of Finance, South Africa On behalf of Angola, Botswana, Burundi, Eritrea,
More informationBond Basics July 2007
Bond Basics: Emerging Market (External and Local Markets) Developing economies around the world, known to investors as emerging markets (EM), are rapidly maturing into key players in the global economy
More informationChikahisa Sumi Director, Regional Office for Asia and the Pacific International Monetary Fund
Chikahisa Sumi Director, Regional Office for Asia and the Pacific International Monetary Fund (percent YOY) 8 6 Real GDP Growth ASSUMPTIONS A more gradual monetary policy normalization 4 2 21 211 212
More informationKOF Summer Forecast: EU Recovers Switzerland Takes a Dip
KOF Konjunkturforschungsstelle KOF Swiss Economic Institute ETH Zurich LEE G 6 Leonhardstrasse 89 Zurich Phone: + 6 9 kofcc@kof.ethz.ch Press Release Zurich, June, 9.am KOF Summer Forecast: EU Recovers
More informationSAIIA 9 June Paul Baloyi. Development Bank of Southern Africa June 2011
SAIIA 9 June 2011 Paul Baloyi Development Bank of Southern Africa June 2011 1 Africa s economy is small in output terms. 2 Africa s economic growth rate is above the world s average. 3 South Africa s economic
More informationMeeting of Experts on Debt Burden in the Caribbean Region Proposed measures to stimulate economic growth: Regional Perspective OECS Secretariat
Meeting of Experts on Debt Burden in the Caribbean Region Proposed measures to stimulate economic growth: Regional Perspective OECS Secretariat Port of Spain Trinidad and Tobago 24 February 2014 Framework
More informationIMF Cuts Global Growth Forecasts on Brexit, Warns of Risks to Outlook IMF News
INTERNATIONAL MONETARY FUND IMF NEWS ARTICLE Despite some positive developments in the global economy, Brexit has created a new wave of uncertainty (photo: Demos Vrublevski) IN THE NEWS (#) IMF RESEARCH
More informationFOREIGN INVESTMENT IN LATIN AMERICA AND THE CARIBBEAN 2004 REPORT. Presentation by Mr. José Luis Machinea, Executive Secretary of ECLAC
FOREIGN INVESTMENT IN LATIN AMERICA AND THE CARIBBEAN 2004 REPORT Presentation by Mr. José Luis Machinea, Executive Secretary of ECLAC Santiago, Chile, 15 March 2005 TOPICS COVERED IN THE 2004 REPORT 1.
More informationIn 2013, the economic performances of Franc Zone countries were highly contrasted and, in both areas,
In 2013, the economic performances of Franc Zone countries were highly contrasted and, in both areas, below expectations. In line with the performances recorded by sub-saharan Africa (5.4%), economic growth
More informationCARIBBEAN ECONOMIC PERFORMANCE REPORT DECEMBER 2011
CARIBBEAN ECONOMIC PERFORMANCE REPORT DECEMBER 2011 CARIBBEAN CENTRE FOR MONEY AND FINANCE Established under the joint auspices of the Central Banks of the Caribbean Community and The University of the
More informationOECD ECONOMIC OUTLOOK
OECD ECONOMIC OUTLOOK (A EUROPEAN AND GLOBAL PERSPECTIVE) GIC Conference, London, 3 June, 2016 Christian Kastrop Director, Economics Department Key messages 1 The global economy is stuck in a low growth
More informationA LONG-TERM CASE FOR EMERGING MARKETS
A LONG-TERM CASE FOR EMERGING MARKETS An Extraordinary Long-Term Opportunity Emerging markets have displayed significant evolution in terms of economic development and capital markets deepening in the
More information