Today this is published
World Economic Outlook (WEO)
Analytical Chapters
April 2016
Source: http://www.bloomberg.com/news/articles/2016-03-31/fed-minutes-u-s-services-masters-golf-week-ahead-april-2-9
What I need are infographics and visuals to cut through twisted narratives that simply state what is going on, like this image to the right from the IMF with real projected figures for advanced and emerging economies.
[You can click on it to enlarge]
... or this that shows slower growth everywhere.
The U.S. is the second grouping from the left
Mostly enthusiastic and upbeat mainstream media reporting on reports released by the government that turn out, as the infographic clearly shows that growth forecasts are revised down.
Contents
Chapter 2. Understanding the Slowdown in Capital Flows to Emerging Markets
Net capital flows to emerging market economies have slowed since 2010, affecting all regions. This chapter shows that both weaker inflows and stronger outflows have contributed to the slowdown and that much of the decline in inflows can be explained by the narrowing differential in growth prospects between emerging market and advanced economies. The chapter also highlights that the incidence of external debt crises in the ongoing episode has so far been much lower, although the slowdown in net capital inflows has been comparable in breadth and size to the major slowdowns of the 1980s and 1990s. Improved policy frameworks have contributed greatly to this difference. Crucially, more flexible exchange rate regimes have facilitated orderly currency depreciations that have mitigated the effects of the global capital flow cycle on many emerging market economies. Higher levels of foreign asset holdings by emerging market economies, in particular higher levels of foreign reserves, as well as lower shares of external liabilities denominated in foreign currency (that is, less of the so-called original sin) have also been instrumental.
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Chapter 3. Time for a Supply-Side Boost? Macroeconomic Effects of Labor and Product Market Reforms in Advanced Economies
This chapter finds that product and labor market reforms raise output and employment in the medium term, but complementary macroeconomic policies are needed to maximize their short-term payoff given the current economic slack in most advanced economies. Product market reforms deliver gains in the short term, while the impact of labor market reforms varies across types of reforms and depends on overall economic conditions. Reductions in labor tax wedges and increases in public spending on active labor market policies have larger effects during periods of slack, in part because they usually entail some degree of fiscal stimulus. In contrast, reforms to employment protection arrangements and unemployment benefit systems have positive effects in good times, but can become contractionary in periods of slack. These results suggest the need for carefully prioritizing and sequencing reforms.
April 6, 2016
Watch the 25;17 video >> http://www.imf.org/external/mmedia/view.aspx?vid=4834175211001
