IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho
Latest IMF world outlook is most positive in years - although that's not saying much - and it's looking closely at falling shares of income to labour
The latest IMF world economic outlook released on Tuesday is the most positive for years, but it also highlights the continued risks from nationalistic and protectionist policies and the impact of policies and technology changes that reduce the share of income going to workers.
For the past eight or nine years, the IMF world economic outlook has been pretty soul crushing. Dismal doesn't begin to convey the mood. Consider that the titles for the outlook have been such joyous reads as "Financial Stress, Downturns, and Recoveries", "Crisis and Recovery", "Slowing Growth, Rising Risks", "Legacies, Clouds, Uncertainties" and the one from April last year, "Too Slow for Too Long". So it is with some relief to see a bit of positivity infect the IMF. The most recent update, is titled, "Gaining Momentum?"
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