Pierre-Olivier Gourinchas
@pgourinchas.bsky.social
Research Director and Economic
Counsellor, International Monetary Fund
Counsellor, International Monetary Fund
Our October WEO report is out. Global growth is expected to slow to 3.2% this year and 3.1% next year, defying fears of a sharper slowdown after the US tariff surge. Yet, this resilience masks deeper fragilities in trade, AI, and fiscal policy. imf.org/en/Blogs/Art...
October 14, 2025 at 4:31 PM
Our October WEO report is out. Global growth is expected to slow to 3.2% this year and 3.1% next year, defying fears of a sharper slowdown after the US tariff surge. Yet, this resilience masks deeper fragilities in trade, AI, and fiscal policy. imf.org/en/Blogs/Art...
New WEO chapter is out. Industrial policy can raise production in a strategic sector, but this needs to be balanced against higher consumer prices, fiscal costs, and risks of misallocation. Managing these trade-offs is key. www.imf.org/en/Publicati...
October 3, 2025 at 2:44 PM
New WEO chapter is out. Industrial policy can raise production in a strategic sector, but this needs to be balanced against higher consumer prices, fiscal costs, and risks of misallocation. Managing these trade-offs is key. www.imf.org/en/Publicati...
Global current account balances widened in 2024, reversing a narrowing trend. Our latest External Sector Report finds that 2/3 of this widening is excessive—driven by macroeconomic imbalances in China, the US, and the euro area. Read the full report a imf.org/en/Publicati...
July 22, 2025 at 5:37 PM
Global current account balances widened in 2024, reversing a narrowing trend. Our latest External Sector Report finds that 2/3 of this widening is excessive—driven by macroeconomic imbalances in China, the US, and the euro area. Read the full report a imf.org/en/Publicati...
Our new WEO out. The global economy is entering a new era. Effective tariff rates reach levels not seen in a century. We project global growth at 2.8% for 2025—a major downgrade reflecting escalating trade tensions and high policy uncertainty. www.imf.org/en/Blogs/Art...
April 22, 2025 at 3:58 PM
Our new WEO out. The global economy is entering a new era. Effective tariff rates reach levels not seen in a century. We project global growth at 2.8% for 2025—a major downgrade reflecting escalating trade tensions and high policy uncertainty. www.imf.org/en/Blogs/Art...
New WEO chapter out. Tighter migration policies can alter where people move to and under what category— with ripple effects across and within countries www.imf.org/en/Blogs/Art...
Migration and Refugee Policies Steer People, and Economies, in New Directions
When destination countries tighten migration and refugee policies, it has economic ripple effects elsewhere
www.imf.org
April 16, 2025 at 1:07 PM
New WEO chapter out. Tighter migration policies can alter where people move to and under what category— with ripple effects across and within countries www.imf.org/en/Blogs/Art...
Reposted by Pierre-Olivier Gourinchas
New at JIE: "Changing global linkages: A new Cold War?" by Gita Gopinath, Pierre-Olivier Gourinchas (@pgourinchas.bsky.social), Andrea F. Presbitero, Petia Topalova
https://doi.org/10.1016/j.jinteco.2024.104042
https://doi.org/10.1016/j.jinteco.2024.104042
January 27, 2025 at 4:19 PM
New at JIE: "Changing global linkages: A new Cold War?" by Gita Gopinath, Pierre-Olivier Gourinchas (@pgourinchas.bsky.social), Andrea F. Presbitero, Petia Topalova
https://doi.org/10.1016/j.jinteco.2024.104042
https://doi.org/10.1016/j.jinteco.2024.104042
Our January 2025 World Economic Outlook Update is out. Global growth will remain steady at 3.3% for 2025-26, broadly aligned with world potential growth that has substantially weakened since before the pandemic. www.imf.org/en/Blogs/Art...
January 17, 2025 at 6:41 PM
Our January 2025 World Economic Outlook Update is out. Global growth will remain steady at 3.3% for 2025-26, broadly aligned with world potential growth that has substantially weakened since before the pandemic. www.imf.org/en/Blogs/Art...
Reposted by Pierre-Olivier Gourinchas
Today @cepr.org & Sciences Po pay tribute to one of ours Philippe Martin, colleague and friend to many of us
And what better way than to discuss economics, trade and geopolitics
@pgourinchas.bsky.social
And what better way than to discuss economics, trade and geopolitics
@pgourinchas.bsky.social
December 12, 2024 at 10:01 AM
Today @cepr.org & Sciences Po pay tribute to one of ours Philippe Martin, colleague and friend to many of us
And what better way than to discuss economics, trade and geopolitics
@pgourinchas.bsky.social
And what better way than to discuss economics, trade and geopolitics
@pgourinchas.bsky.social
This week, we released our World Economic Outlook. With growth of 3.0% in 2023 and 2.9% in 2024, the resilience to the shocks of the past few years has been remarkable. Yet growth is slow and uneven, with growing divergences. The global economy is limping along, not sprinting. bit.ly/3PPpm2H
October 14, 2023 at 2:33 PM
This week, we released our World Economic Outlook. With growth of 3.0% in 2023 and 2.9% in 2024, the resilience to the shocks of the past few years has been remarkable. Yet growth is slow and uneven, with growing divergences. The global economy is limping along, not sprinting. bit.ly/3PPpm2H