đ Whatâs a Minsky Moment, and why the world worries about one
A Minsky Moment – the end stage of a prolonged period of economic prosperity – and why policy makers worry.
A Minsky Moment – the end stage of a prolonged period of economic prosperity – and why policy makers worry.
The IMF cut its forecast for global growth next year to 2.7%, from 2.9% seen in July and 3.8% in January, adding that it sees a 25% probability that growth will slow to less than 2%.
The IMF has warned that SA should aim to re-prioritise its budget to offset the cost of relief measures for businesses and individuals affected by deadly riots.
The global economy is expected to grow 5.5% in 2021 and 4.2% in 2022, whilst SA is expected to experience muted growth of 2.8% and 1.4%.
The IMF argues that the Great Lockdown, despite its enormous short-term economic costs, has saved hundreds of thousands of lives.
The IMF now sees the economy growing at 0.8% this year, down from a previous forecast for 1.1% growth, down from an earlier prediction for 1.4% growth.
Corporate executives joined the International Monetary Fund in warning the global economy is slowing faster than expected, establishing a downbeat tone for this weekâs annual meeting of the World Economic Forum.
Zambia’s political landscape bears a remarkable resemblance to South Africa, with a politically-linked elite sucking funds out of state entities.
Among Alec’s most memorable assignments as a young reporter was attending an International Monetary Fund annual meeting in Toronto.
The theme for 2018 was âCreating a shared future in a fractured worldâ. It was Alecâs 15th appearance at the World Economic Forum and this is his Davos Wrap.