Join Chief Economist Pierre-Olivier Gourinchas, Petya Koeva Brooks, and Jean-Marc Natal for our latest projections and analysis of the global economy on Tuesday, July 16 at 9:00 AM ET. Don't miss it! Join Chief Economist Pierre-Olivier Gourinchas, Petya Koeva Brooks, and Jean-Marc Natal for our latest projections and analysis of the global economy on Tuesday, July 16 at 9:00 AM ET. Don't miss it! https://lnkd.in/ebJ7ipUA
International Monetary Fund
International Trade and Development
Washington, DC 827,233 followers
190 member countries working together to improve lives through global growth and economic stability.
About us
The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards. To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies. The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries. Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics.
- Website
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https://imf.org/
External link for International Monetary Fund
- Industry
- International Trade and Development
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1945
- Specialties
- economics, financial, and global economy
Locations
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Primary
700 19th Street N.W.
Washington, DC 20431, US
Employees at International Monetary Fund
Updates
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The U.S. economy has turned in a remarkable performance over the past few years. Activity and employment have exceeded pre-pandemic expectations and the IMF projects the economy to grow by 2.6% in 2024. Read our annual review of the U.S. here: https://lnkd.in/eE3vHQgy
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International Monetary Fund reposted this
Today we announced the retirement in September of Antoinette Sayeh, one of my Deputy Managing Directors, a dear friend, and a source of wisdom to so many at the IMF. Antoinette dedicated her life to public service and she will be very much missed. Thank you, Antoinette! https://lnkd.in/eXBFQEBp
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Advanced economies' growth rates will likely move closer together in the coming months. We expect US growth of 2.6% in 2024, slowing to 1.9% in 2025 as jobs become less plentiful and consumer spending eases. More in our update for the global economy. https://lnkd.in/ebJ7ipUA
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Persistent inflation is one of the main risks to our forecast for global growth this year and next. Further challenges to disinflation in advanced economies could force central banks, including the Fed, to keep borrowing costs higher for even longer. https://lnkd.in/eVhh3HaM
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The global economy continues to show resilience, defying fears of stagflation or recession. Our growth projections remain unchanged from April at 3.2% in 2024 and 3.3% in 2025. The World Economic Outlook Update discusses the challenges and recommendations for policymakers. Read the report: https://lnkd.in/ebJ7ipUA
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IMF Growth Forecast: 2024 🇺🇸 US: 2.6% 🇩🇪 Germany: 0.2% 🇫🇷 France: 0.9% 🇮🇹 Italy: 0.7% 🇪🇸 Spain: 2.4% 🇬🇧 UK: 0.7% 🇯🇵 Japan: 0.7% 🇨🇦 Canada: 1.3% 🇨🇳 China: 5.0% 🇮🇳 India: 7.0% 🇷🇺 Russia: 3.2% 🇧🇷 Brazil: 2.1% 🇲🇽 Mexico: 2.2% 🇸🇦 Saudi Arabia: 1.7% 🇳🇬 Nigeria: 3.1% 🇿🇦 South Africa: 0.9% https://lnkd.in/ebJ7ipUA
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Our July 2024 World Economic Outlook Update projects global growth at 3.2% in 2024 and 3.3% in 2025, unchanged from the April forecast. However, output divergence across economies has somewhat narrowed at the turn of the year as cyclical factors wane. Services inflation is proving sticky, complicating monetary policy normalization, and increasing risks. Careful adjustment of policies will be important to achieve price stability while replenishing fiscal buffers and stimulating growth. Read more. https://lnkd.in/ebJ7ipUA
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Europe has a productivity problem. EU workers produce nearly 30% less per hour than they would have had real output per hour increased in line with that in the United States since 2000. Greater venture capital investment, however, could boost productivity and strengthen innovation. Specifically, Europe can better support venture capital to boost growth and productivity with reforms that increase investment in technology startups. For more, see our new blog unpacking the latest IMF research. https://lnkd.in/eRaYxF-f
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The IMF is on WhatsApp! Follow our official channel for the latest updates on our work, including announcements, news, research, and job opportunities. Tap the link below or scan the QR code to join and stay informed about global economic developments. https://lnkd.in/e__ZK5nj
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