Australia’s house prices are grossly overinflated – if you believe the International Monetary Fund’s recent analysis. It says radical policies are required to deflate this emerging housing bubble, such…
Dominique Strauss-Kahn at Cannes last year.
EPA/Ian Langsdon
Dominique Strauss-Kahn is back. On Thursday May 16 he took a major part in a prime-time documentary about the Euro – where he criticised Nicolas Sarkozy’s response to the 2008-9 economic crisis. The following…
What is the true state of Australia’s economy?
Image sourced from www.shutterstock.com
In the lead up to the budget, the story of crisis has been hammered home, but there’s more to a country than its structural deficit. So how is Australia doing overall? In this special series, ten writers…
Chasing shadows. IMF managing director Christine Lagarde.
IMF
Having clashed previously with governments over the wisdom of their austerity policies, few fireworks followed the publication of the International Monetary Fund’s World Economic Outlook on Tuesday. But…
Since the 1970s, economic orthodoxy has suggested that inequality might be the price worth paying for economic growth. Following a new report from the International Monetary Fund (IMF), the evidence is…
Last year’s G-20 knees up. This year expect the taper, the IMF and corporate tax evasion to be the main themes.
Flickr
Finance ministers and central bank governors from the Group of 20 major economies will meet in Sydney this week. A lot of troubled financial waters have flowed under the bridge since this group last met…
Smiling now: Christine Lagarde ahead of the annual conference that brings together IMF and World Bank governors.
EPA/Shawn Thew
The International Monetary Fund and the World Bank will today begin their marathon three-day annual meeting in Washington D.C. to review the last year and set out strategies for the future. And while it…
Economics is at the heart of Portugal’s political crisis.
marionzetta
The current political crisis in Portugal has surprised both local economists who know little about politics and international analysts who are ill-informed about the Portuguese economy. In May, I had the…
Greece: not just riots and unemployment.
flikr/Imagaday
The IMF has conceded that mistakes were made in the way the first Greek bailout in May 2010 was handled. Its report suggests the need to refine the fund’s lending policies to accommodate for conditions…
Should the European Commission’s decision to waive the 3% deficit limit for three of the Euro’s largest economies be extended to fuel growth and jobs?
AAP
The European Union (or at least its periphery) is a big, sick patient that so far has been treated with robust injections of fiscal austerity. This seemed to be the right course of action to cure the “debt…
Time to start building, George.
Lefteris Pitarakis/PA
John Van Reenen, London School of Economics and Political Science
The International Monetary Fund’s annual investigation into the health of the UK economy makes ugly reading. The IMF points out that “per capita income remains 6% below its pre-crisis peak, making this…
Speed is not enough, we need growth.
Gareth Fuller/PA
The International Monetary Fund’s annual report on the UK economy calls for the Chancellor to boost economic growth through investing in infrastructure. While the IMF is right to make this point, we must…
A deal to help Cyprus raise €7 billion to qualify for another €10 billion bailout from the EU and IMF has been agreed to, but investors will feel the pain.
EPA/Olivier Hoslet
Uninsured savings over €100,000 deposited in a troubled Cypriot bank may be subject to a new levy, under a deal reached to save the Cyprus banking system. The European Union (EU) finance ministers, the…
In a recently released report, IMF chief economist Olivier Blanchard admitted that implementing austerity in Europe was a mistake.
AAP
In a rare volte-face, the International Monetary Fund this week admitted that it grossly underestimated the impact of the austerity regime it advised Europeans to adopt. A paper authored by IMF chief economist…
Spain’s Prime Minister, Mariano Rajoy, is under pressure to formally request a bailout from the European Central Bank.
AAP
Up until fairly recently, Spain was a story of economic success. It was an example of how the periphery of Europe was quickly catching up with the core. Between 1995 and 2007, Spanish real GDP grew at…
Greece’s New Democracy party leader Antonis Samaras has gained sufficient votes to form a coalition - but there is a long way to go for Greeks yet.
AAP
Greece’s New Democracy leader Antonis Samaras begins the task of building a coalition after emerging as the front runner to form a government. Reports indicate New Democracy has narrowly beaten leftist…
Alexis Tsipras, leader of the Coalition of the Radical Left (Syriza) party, has proposed the cancellation of Greece’s agreements with the European Union and the IMF.
AAP
All eyes are on Greece this weekend for the second legislative election in five weeks. This is no ordinary election: the global implications of the outcome might be significant. Griffith University lecturer…
Spanish Prime Minister Mariano Rajoy: banks are bailed, but just a brief respite?
AAP
The positivity off the weekend’s news that Spain’s banks will receive rescue loans of up to 100 billion euros from eurozone finance ministers appears short-lived. Despite it being well-received in Asian…
IMF head Christine Lagarde sees some positives in global economic growth: but we should be wary of broad projections.
AAP
The recent economic forecasts of the IMF and OECD about prospects for economic growth remind me of an aphorism about the economist who drowned while crossing a river he estimated that was, on average…
Brazil, Russia, China, India and South Africa: the building BRICS of a new world order in economics and foreign aid.
Blog do Planalto
On 29 March, the BRICS nations – Brazil, Russia, India, China and South Africa – will meet in New Delhi for their fourth annual summit. Representing 40% of the global population, 25% of global GDP, and…