The IIF offers an independent source of global economic and financial research. We provide a comprehensive assessment of the global outlook with a focus on key emerging economies, timely analysis of capital flows to emerging markets and developments in international financial markets.

We focus on risks and policy challenges, drawing on first-hand insights from our interactions with policymakers and member firms and our close involvement with the global regulatory debate.

Members can tap the IIF’s team of highly experienced, international economists and financial analysts for custom briefings on a range of macro, regional, and country issues. 

LATEST IIF RESEARCH

Publication
July 27, 2015

Despite peso depreciation, solid fundamentals and an overall sound policy framework continue to be strong lines of defense against evolving global conditions. Trade and financial openness force discipline.

Publication
July 26, 2015

Brazil has revised down its fiscal targets, reflecting the economy’s deeper downturn and stronger political headwinds. The government has reset targets for the public sector primary surplus at 0.15% of GDP for 2015 (down from 1.1%), and 0.7% and 1.3% of GDP for 2016 and 2017 respectively (down from 2.0% of GDP for both years). This implies a 0.8% of GDP fiscal adjustment in 2015. While the revision was not a surprise given worse-than-anticipated conditions, its magnitude was unexpected.

Publication
July 24, 2015

While the July agreement between Greece and its Euro Area creditors sparked a broad-based relief rally, falling commodity prices--and the Fed's signals of readiness to begin raising U.S. rates in H2 2015--have spelled trouble for emerging markets.

Publication
July 23, 2015

* Falling commodity prices and looming Fed rate hike hit emerging markets
* Greece—negotiating the third program
* U.S. property market—signs of strength
* Not all is well on the Mexican front
* Bad today, worse tomorrow: pessimistic public perspectives on the global economy

Publication
July 23, 2015
The monsoon session has begun with much-anticipated drama. The opposition Congress Party has sought to stall proceedings until the foreign minister and the chief ministers of Rajasthan and Madhya Pradesh resign over their alleged involvement in scandals, including improper state-level civil-service recruitment and medical college admissions. As the Bharatiya Janata Party-led (BJP) government stands firm, the disruptions should dissipate after the first week of the session, which ends August 13.
Publication
July 22, 2015

Economic growth slowed recently with disappointing trade and public consumption. Strong private consumption and investment along with a pickup in government spending should help GDP rebound. The Philippines is likely to be resilient to volatility ahead of expected Fed tightening and 2016 elections.

Publication
July 22, 2015

During our recent visit to Accra, we sensed a country on the road to recovery after a turbulent couple of years. Although there are tough challenges ahead, not the least of which will be adhering to a stringent fiscal consolidation program backed by the IMF during an election year, prospects have improved significantly.

Publication
July 20, 2015
Prime Minister Najib Razak is under pressure as investigators scrutinize the finances of 1Malaysia Development Berhad (1MDB), the state-sponsored strategic investment firm whose advisory board Mr. Najib chairs. 1MDB is being investigated for accumulating RM42 billion ($11 billion) in borrowings since 2009 that were mostly invested in opaque power, oil, and real estate projects.
Publication
July 16, 2015

*Markets reprice for better outcomes
*Greece was saved?
*Debt restructuring—drawing the right lessons
*Dodging bullets—the global economic outlook at midyear
*ECB—beyond Greece, things holding up
*China—growth bottoming out, challenges remain
*Iran—dawn of a new economic era?

Publication
July 16, 2015

Our visit to Kiev this week took place amid accelerating debt restructuring negotiations between the government and creditors.