Economic Progress

The world’s economy is in trouble. Here’s how to fix it

A man walks past an electronic board showing currency exchange rates, in Buenos Aires, Argentina August 20, 2019. REUTERS/Agustin Marcarian - RC17EF451D70

the expenditure switching effects of a currency weakening are generally small, especially within a 12-month period Image: REUTERS/Agustin Marcarian

Gustavo Adler
Deputy Division Chief, IMF's Research Department
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Image: Gopinath, Gita, 2015.
Image: Gopinath and others, 2018.
Image: Federal Reserve Board; US Department of Commerce; United States National Trade Commission;
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