Global Economics Monthly November 2016. Council on Foreign Relations. Robert Kahn and Steven A. Tananbaum. November 2, 2016.
Last month’s International Monetary Fund (IMF) and World Bank meetings were sober affairs. The IMF repeated its call for all economic policy levers—monetary, fiscal, and structural—to boost growth. This move would reduce slack in the global economy and blunt rising discontent, primarily but not exclusively in the industrial world, where the slowdown in trade and changes in technology are having damaging effects on jobs and income. Addressing the root causes of inequality is at the core of the Fund’s call for “inclusive” growth. [Note: contains copyrighted material].
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