Maurice Obstfeld - International Monetary Fund

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Last quote by Maurice Obstfeld

In the U.S., and I think throughout the world, one of the big factors that seems to be a common factor weighing on inflation is the slow growth of wages. We don't understand it very well. Without more wage pressure, it just becomes hard to get inflation going. And that's what we're seeing.feedback
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NEW Jul 26 2017
Maurice Obstfeld has been quoted in 22 different articles. Most recently, Maurice Obstfeld has been quoted saying, “The ultimate impact of Brexit on the United Kingdom remains unclear.” in an article called IMF cuts UK growth forecast, Treasury calls for smooth Brexit. This is only one of 33 quotes from Maurice Obstfeld. To see more examples Maurice Obstfeld’s views and opinions, check out the section below. You can filter Maurice Obstfeld's quotes by date and by topic to see, for example, what Maurice Obstfeld said about China recently and in the past.
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Maurice Obstfeld quotes

Apr 18 2017 - IMF

One salient threat is a turn toward protectionism, leading to trade warfare.feedback

Apr 18 2017 - IMF

Capitulating to those pressures would result in a self-inflicted wound, leading to higher prices for consumers and businesses, lower productivity, and therefore, lower overall real income for households.feedback

Apr 18 2017 - IMF

At the same time, however, the upgrade to our 2017 forecast is modest, and longer-term potential growth rates remain subdued across the globe compared with past decades, especially in advanced economies. Moreover, while there is a chance growth will exceed expectations in the near term, significant downside risks continue to cloud the medium-term outlook, and indeed may have intensified since our last forecast.feedback

Apr 18 2017 - IMF

One salient threat is a turn toward protectionism, leading to trade warfare. Mainly in advanced economies, several factors – lower growth since the 2010–11 recovery from the global financial crisis, even slower growth of median incomes, and structural labour-market disruptions – have generated political support for zero-sum policy approaches that could undermine international trading relationships, along with multi-lateral cooperation more generally.feedback

Apr 18 2017 - IMF

The global economy seems to be gaining momentum – we could be at a turning point. But even as things look up, the post–world war two system of international economic relations is under severe strain despite the aggregate benefits it has delivered – and precisely because growth and the resulting economic adjustments have too often entailed unequal rewards and costs within countries. Consistently good economic news since summer 2016 is starting to add up to a brightening global outlook.feedback

Jan 16 2017 - IMF

In that scenario, all countries would lose out.feedback

Jan 16 2017 - IMF

Much of the better growth performance we expect this year and next stems from improvements in large emerging market and low income economies that in 2016 were exceptionally stressed. That being said, compared to our view in October, we now think that more of the lift will come from better prospects in the US, China, Europe and Japan.feedback

Jan 16 2017 - IMF

At this early stage… the specifics of future fiscal legislation remain unclear as do the degree of net increase in government spending and resulting impacts on aggregate demand, potential output, the federal deficit and the dollar.feedback

Jan 16 2017 - IMF

Markets have noted that the White House and Congress are in the hands of the same party for the first time in six years and that change points to lower tax rates and possibly higher infrastructure and tax spending.feedback

Jan 16 2017 - IMF

The global economic landscape started to shift in the second half of 2016.feedback

Jan 16 2017 - IMF

If a fiscally-driven demand increase collides with more rigid capacity constraints, a steeper path for interest rates will be necessary to contain inflation, the dollar will appreciate sharply, real growth will be lower, budget pressure will increase, and the U.S. current account deficit will widen.feedback

Oct 04 2016 - IMF

Global growth remains weak.feedback

Oct 03 2016 - IMF

In short, growth has been too low for too long, and in many countries its benefits have reached too few -- with political repercussions that are likely to depress global growth further.feedback

Jul 19 2016 - IMF

As of June 22nd we were prepared to upgrade our 2016-2017 growth projections slightly. But Brexit has thrown a spanner in the works.feedback

Jul 19 2016 - IMF

It is important therefore to underscore that the real effects of Brexit will play out gradually over time, perhaps over many months, adding elements of economic and political uncertainty that will have to be resolved over a long period.feedback

Apr 15 2016 - IMF

In many countries the lack of wage growth and greater inequality have created widespread senses that economic growth has mainly been to the benefit of economic elites.feedback

Apr 12 2016 - IMF

Global growth continues but at an increasingly disappointing pace, that leaves the world economy more exposed to negative risks. Growth has been too slow for too long.feedback

Apr 12 2016 - IMF

Several large emerging market economies face deep contractions due to internal political strife or geopolitical pressures and a number of low-income countries suffer El Nino-related drought or flooding. The costs could escalate.feedback

Jan 19 2016 - IMF

China has been transitioning to a model in which there is less of a dependence on exports, on investment, and more on consumption and services at the expense of traditional manufacturing industries.feedback

Jan 19 2016 - IMF

Currency management is an area where the Chinese authorities could be communicating more clearly with markets.feedback

Jan 19 2016

In the advanced economies group, we do see an uptick for 2016 and 2017, but less of one than we would've predicted three months ago.feedback

Jan 19 2016 - IMF

We don't see a big change in the fundamentals in China compared to what we saw six months ago, but the markets are certainly very spooked by small events there that they find hard to interpret.feedback

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