{"id":596270,"date":"2019-08-22T04:00:25","date_gmt":"2019-08-22T04:00:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/monetary-easing-wont-solve-the-worlds-trade-problems-imf\/"},"modified":"2019-08-22T04:00:25","modified_gmt":"2019-08-22T04:00:25","slug":"monetary-easing-wont-solve-the-worlds-trade-problems-imf","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/monetary-easing-wont-solve-the-worlds-trade-problems-imf\/","title":{"rendered":"Monetary easing won\u2019t solve the world\u2019s trade problems -IMF"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>Monetary easing won\u2019t solve the world\u2019s trade problems -IMF:<\/b> The global trend towards monetary easing risks harming trading partners and aggravating existing trade tensions, <a href=\"https:\/\/blogs.imf.org\/2019\/08\/21\/taming-the-currency-hype\/\">the IMF has said<\/a>. Senior IMF economists Gita Gopinath, Gustavo Adler, and Luis Cubeddu write that, although easing can increase domestic demand for foreign goods, it also weakens the exchange rate, producing the opposite effect of lowering demand for imports. This is what is known as \u2018expenditure switching.\u2019<\/p>\n<p><b>Beggar-thy-neighbour:<\/b> Expenditure switching is described by the IMF as a \u201cbeggar-thy-neighbour\u201d policy: a term that refers to economic policies that are introduced to benefit a country\u2019s economy but that simultaneously harm its trading partners. Currency weakening leads to a decline in exports, inflicting economic harm on the countries it trades with.<\/p>\n<p><b>An ineffective trade policy:<\/b> What\u2019s more, currency weakening in this way is unlikely to make meaningful improvements to a country\u2019s trade balance. \u201cOne should not put too much stock in the view that easing monetary policy can weaken a country\u2019s currency enough to bring a lasting improvement in its trade balance,\u201d they write. \u201cMonetary policy alone is unlikely to induce the large and persistent devaluations that are needed to bring that result.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monetary easing won\u2019t solve the world\u2019s trade problems -IMF: The global trend towards monetary easing risks harming trading partners and aggravating existing trade tensions, the IMF has said. Senior IMF economists Gita Gopinath, Gustavo Adler, and Luis Cubeddu write that, although easing can increase domestic demand for foreign goods, it also weakens the exchange rate, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":596271,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[72,2403,272,724,1510,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-enterpriseam","tag-global-economy","tag-imf","tag-monetary-policy","tag-the-macro-picture","tag-trade","wpautop","entry"],"acf":{"mongo_id":"e6e4b238-474a-492b-bf83-c9879f4d46b6","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/1\/737.jpg","photo_position":"above","related_issue":[596253],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Monetary easing won\u2019t solve the world\u2019s trade problems -IMF - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/monetary-easing-wont-solve-the-worlds-trade-problems-imf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monetary easing won\u2019t solve the world\u2019s trade problems -IMF\" \/>\n<meta property=\"og:description\" content=\"Monetary easing won\u2019t solve the world\u2019s trade problems -IMF: The global trend towards monetary easing risks harming trading partners and aggravating existing trade tensions, the IMF has said. Senior IMF economists Gita Gopinath, Gustavo Adler, and Luis Cubeddu write that, although easing can increase domestic demand for foreign goods, it also weakens the exchange rate, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/monetary-easing-wont-solve-the-worlds-trade-problems-imf\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-22T04:00:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/737.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/monetary-easing-wont-solve-the-worlds-trade-problems-imf\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/monetary-easing-wont-solve-the-worlds-trade-problems-imf\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Monetary easing won\u2019t solve the world\u2019s trade problems -IMF\",\"datePublished\":\"2019-08-22T04:00:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/monetary-easing-wont-solve-the-worlds-trade-problems-imf\/\"},\"wordCount\":212,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/monetary-easing-wont-solve-the-worlds-trade-problems-imf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/737.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"global economy\",\"IMF\",\"monetary policy\",\"THE MACRO PICTURE\",\"trade\"],\"articleSection\":[\"THE MACRO PICTURE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/monetary-easing-wont-solve-the-worlds-trade-problems-imf\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/monetary-easing-wont-solve-the-worlds-trade-problems-imf\/\",\"name\":\"Monetary easing won\u2019t solve the world\u2019s trade problems -IMF - 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Trade growth is predicted to weaken to around 2%, its lowest rate\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/3437.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599428,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/the-good-times-will-continue-to-roll-if-egypt-secures-a-new-pact-with-the-imf-efg-hermes\/","url_meta":{"origin":596270,"position":4},"title":"The good times will continue to roll if Egypt secures a new pact with the IMF \u2013EFG Hermes","author":"enterpriseam admin","date":"27 June 2019","format":false,"excerpt":"The good times will continue to roll if Egypt secures a new pact with the IMF: Plans to sign a post-program non-financial agreement with IMF will help Egypt maintain its position as the world\u2019s most attractive carry trade, Mohamed Abu Basha, EFG Hermes\u2019 head of macro analysis, tells Bloomberg. Finance\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1836.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597367,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/the-imfs-emerging-markets-outlook-is-looking-sluggish-amid-expectations-for-subdued-global-growth\/","url_meta":{"origin":596270,"position":5},"title":"The IMF\u2019s emerging markets outlook is looking sluggish amid expectations for \u201csubdued\u201d global growth","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"The IMF\u2019s emerging markets outlook is looking sluggish amid expectations for \u201csubdued\u201d global growth: The IMF has revised downwards its forecasts for emerging markets\u2019 GDP growth in its July update of the World Economic Outlook, saying it sees EMs growing 4.1% and 4.7% in 2019 and 2020, respectively. The figures\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2565.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/596270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=596270"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/596270\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/596253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/596271"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=596270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=596270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=596270"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=596270"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=596270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}