The IMF needs a bridge-builder at the helm – that’s what it looks set to get

If appointed, the Bulgarian-born economist Kristalina Georgieva will be the first managing director of the IMF to come from Eastern Europe. She can be a strong advocate for all economies, and for the policies needed to prevent further global fracture, stimulate growth and help more people fulfil their potential.

Continue ReadingThe IMF needs a bridge-builder at the helm – that’s what it looks set to get

Uma construtora de pontes no comando do FMI, escreve Otaviano Canuto

Como líder que demonstrou seu compromisso com a defesa de uma economia mundial aberta, Georgieva encabeçou o trabalho conjunto do Banco Mundial e do FMI na transparência e sustentabilidade de dívida. Ela tem tudo para ser uma forte defensora de todas as economias e das políticas necessárias para evitar mais fraturas globais, estimular o crescimento e ajudar mais pessoas a atingir seu potencial.

Continue ReadingUma construtora de pontes no comando do FMI, escreve Otaviano Canuto

Argentina: crônica de uma renegociação prenunciada, escreve Otaviano Canuto

Os atuais descontos nos preços dos títulos argentinos sugerem estar já sendo precificado um calote. Os títulos de dívida pública de 100 anos, por exemplo, lançados como símbolo do entusiasmo em 2017, estavam quinta-feira sendo negociados a 42 centavos por dólar, enquanto títulos com maturação em 2021 tinham preços de 48 centavos por dólar.

Continue ReadingArgentina: crônica de uma renegociação prenunciada, escreve Otaviano Canuto

ENTREVISTA/OTAVIANO CANUTO: HÁ VISÍVEL RECOMPOSIÇÃO DE PORTFÓLIOS EM ESCALA GLOBAL Por Simone Cavalcanti

  AGÊNCIA ESTADO – BROADCAST 23/08/2019 15:23:49 - TOP NEWS ENTREVISTA/OTAVIANO CANUTO: HÁ VISÍVEL RECOMPOSIÇÃO DE PORTFÓLIOS EM ESCALA GLOBAL Por Simone Cavalcanti São Paulo, 23/08/2019 - O diretor do…

Continue ReadingENTREVISTA/OTAVIANO CANUTO: HÁ VISÍVEL RECOMPOSIÇÃO DE PORTFÓLIOS EM ESCALA GLOBAL Por Simone Cavalcanti

Fed Monetary Policy, Inverted Yield Curve and Outlook for US and Global Economies

Since the Fed’s July meeting, when the Fed Funds Rate had a 0.25% cut, fears about the impact of the US-China trade war on the global economy have escalated. The US yield curve inversion received much attention as a harbinger of a slowdown in the global and US economic outlooks. We approach here whether lights on next monetary policy events can be obtained from reading the minutes of the Fed’s meeting – and of the July meeting of the ECB governing council – released this week.

Continue ReadingFed Monetary Policy, Inverted Yield Curve and Outlook for US and Global Economies

Fed Monetary Policy, Inverted Yield Curve and Outlook for US and Global Economies

Since the Fed’s July meeting, when the Fed Funds Rate had a 0.25% cut, fears about the impact of the US-China trade war on the global economy have escalated. The US yield curve inversion received much attention as a harbinger of a slowdown in the global and US economic outlooks. We approach here whether lights on next monetary policy events can be obtained from reading the minutes of the Fed’s meeting – and of the July meeting of the ECB governing council – released this week.

Continue ReadingFed Monetary Policy, Inverted Yield Curve and Outlook for US and Global Economies

Argentina’s half-baked adjustment has not worked

Argentina’s peso tumbled and stocks plunged after last Sunday’s primary elections. The perception of a likely victory of President Macri’s opponents – Alberto Fernandez, and running mate, Christina Fernandez de Kirchner - has sparked a new shift in investor preferences away from peso assets, pressures on the exchange rate, and hikes on sovereign spreads. Unless fears of a return to policies prevailing before Macri are assuaged, the market rout tends to deepen.

Continue ReadingArgentina’s half-baked adjustment has not worked

Brazil must hold to structural reforms while undergoing slow economic recovery

Brazil's economic recovery after the deep 2015-16 recession has been the slowest on record, with GDP per capita last year remaining more than 9% below its pre-crisis peak. The IMF's annual report on the country's economy, released two weeks ago, estimated current GDP to be nearly 4% below its potential level, which suggests insufficiency of aggregate demand. On the other hand, as the slow recovery reflects structural factors, it is necessary to avoid the use of measures to reinforce such demand that might run against the confrontation of such problems.

Continue ReadingBrazil must hold to structural reforms while undergoing slow economic recovery

Liberação do fundo de garantia não sustentará retomada da economia

Na avaliação do economista Otaviano Canuto, ex-diretor do Banco Mundial e do conselho do FMI, a liberação do Fundo de Garantia por Tempo de Serviço (FGTS) aos trabalhadores não sustentará a retomada da economia brasileira. Ele observa problemas estruturais mais graves no País como o baixo investimento em infraestrutura e a anêmica produtividade, reflexo da precária qualidade da educação.

Continue ReadingLiberação do fundo de garantia não sustentará retomada da economia
Read more about the article Para Canuto, questão ambiental pode prejudicar acordos e investimentos
March 3, 2010 - Washington, D. C. The "Oil and Gas in Federal Systems Conference" was held at The World Bank headquarters in Washington, D. C. Organized by the World Bank and the Forum of Federations, with sponsorship from NORAD

Para Canuto, questão ambiental pode prejudicar acordos e investimentos

O acordo entre Mercosul e União Europeia é um exemplo de notícia boa que está sendo abalada nos últimos dias, de acordo com ex-diretor do Banco Mundial

Continue ReadingPara Canuto, questão ambiental pode prejudicar acordos e investimentos