Opening Remarks

Paul Cashin, Director,  Singapore Regional Training Institute - International Monetary Fund

 

Moderator

Purva Khera, Resident Representative, International Monetary Fund

 

Speakers

Mr. Nick Sander, Economist, IMF Research Department, International Monetary Fund

Mr. Hippolyte Balima, Economist, IMF Research Department, International Monetary Fund

 

Venue Details

Date

October 24, 2024

Time: 

10:00 am - 11:30 am

Location

IMF – Singapore Regional Training Institute
Capitasky, 79 Robinson Road, #16-01, Singapore 068897

 Carousel-SSS IMF Economic Outlook - 2

IMF World Economic Outlook


This session will present the IMF’s recent projections for the global economy as well as Chapter 2 and Chapter 3 from the October 2024 IMF World Economic Outlook.

Chapter 2 focuses on insights from the recent inflation episode. COVID-19, lockdowns, supply bottlenecks and large sectoral demand changes contributed to a steepening of the inflation/slack relationship. While this can lead inflation to surge, it can also allow policymakers to bring inflation down with limited output costs.

Chapter 3 investigates what factors may exacerbate public resistance to important structural reforms. Key factors limiting public support transcend economic interests and tend to depend more on perceptions, trust and misinformation. Effective approaches to address this skepticism require strong institutional frameworks that foster trust with two-way dialogues and early consultation.

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