iiinova — where your digital self keeps evolving

Pierre-Olivier Gourinchas @pgourinchas.bsky.social · 14/10/2025

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...

160

Pierre-Olivier Gourinchas @pgourinchas.bsky.social · 03/10/2025

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...

041

Pierre-Olivier Gourinchas @pgourinchas.bsky.social · 22/07/2025

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...

183

Pierre-Olivier Gourinchas @pgourinchas.bsky.social · 22/04/2025

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...

1156

Pierre-Olivier Gourinchas @pgourinchas.bsky.social · 16/04/2025

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...

imf.org

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

050

Reposted by Pierre-Olivier Gourinchas

Journal of International Economics @jintlecon.bsky.social · 27/01/2025

New at JIE: "Changing global linkages: A new Cold War?" by Gita Gopinath, Pierre-Olivier Gourinchas (@pgourinchas.bsky.social), Andrea F. Presbitero, Petia Topalova doi.org/10.1016/j.jinteco.2024.1040…

183

Pierre-Olivier Gourinchas @pgourinchas.bsky.social · 17/01/2025

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...

184

Reposted by Pierre-Olivier Gourinchas

Arancha Gonzalez @aranchagonzalez.bsky.social · 12/12/2024

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

071

Pierre-Olivier Gourinchas @pgourinchas.bsky.social · 14/10/2023

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

3135