IMF SSBIG report: G20 medium-term growth only 3%
Why in the news
The IMF released its latest assessment of G20 growth prospects and found them weak. It tied the slowdown to rules and institutions that hold back investment.
Key facts
- Report: SSBIG, from the IMF; the framework started in 2009.
- Medium-term G20 growth: 3%, close to the weakest level since the framework began.
- Advanced economies: about half face constraints from restrictive labour, product or consumer-market rules.
- Emerging markets: nearly three-fourths face regulatory constraints.
| Group | Share facing regulatory constraints |
|---|---|
| G20 advanced economies | About half |
| G20 emerging-market economies | Nearly three-fourths |
Way forward
- Pursue regulatory and institutional reforms.
- Aim: encourage private investment, public investment and long-term growth.
Exam angle
- SSBIG stands for Strong, Sustainable, Balanced and Inclusive Growth.
- Publisher: International Monetary Fund.
- Medium-term G20 growth estimate: 3%.