Maurice Obstfeld - International Monetary Fund

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Last quote by Maurice Obstfeld

This improvement comes primarily from good economic news for Europe and Asia as well as our continuing expectation for higher growth this year in the US.feedback
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Apr 18 2017 IMF
Maurice Obstfeld has been quoted in 18 different articles. Most recently, Maurice Obstfeld has been quoted saying, “The world economy may be gaining momentum, but we cannot be sure that we are out of the woods.” in an article called IMF upgrades UK growth again as Theresa May hails economic strength. This is only one of 45 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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