While the cyclical component of the slowdown can be corrected by countercyclical policies (provided that there is sufficient policy space), structural bottlenecks are harder to address. We find that on average the recent slowdown is explained equally by structural and cyclical factors, although there are large variations across countries and regions.
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This paper examines the supply-side drivers of the strong growth performance of 63 EMEs and investigates if the recent slowdown in growth is transitory or a more permanent phenomenon. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debateįollowing very strong growth during the period 2000–12, emerging market economies (EMEs) experienced a slowdown in the last couple of years. What about you, what do you think? I’d love to know.Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. It is expected of us, and not just from our staff but everyone we deal with customers, service providers and those whom we seek to influence.Īll of that while still staying realistic, no false hope, no mistruths to prop up our optimism, just the facts reported with a calmness and a confidence that help others find the certainty they need to look the future in the eye and know that we can get through the tough times if we do the right things.Īs you have probably gathered, I am an optimist, I believe that if we stay focused we can achieve pretty much anything we set ourselves to do. We place great importance on them.Īs people of influence, it is incumbent on us to instil confidence and calm in our teams, and to be optimistic about the direction in which we are headed. The guy that was supposed to be a war buddy of the first evil instructor. What's really funny was that by the third movie, when Maccio was Still playing the roll at 28, he was only one year younger than the guy playing the evil karate instructor. When we work with our teams, when we acknowledge the challenges of the day, when we seek to change the mood of the moment, these words guide our tone and our demeanour. Ralph Maccio was 23 in the first Karate Kid movie. Shop from the huge range of Asian Loto Direction. They are equally important so they all require FOCUS. Buy Asian Loto 3 mm Traffic Sign Bumpy Road Ahead Sign Board, ALC-SGN-16-900 Online in India at moglix. In effect, three words that position how well we handle tough times and lead people through adversity drive us. In the TEC world we seek to stay focused on three criteria that are synonymous with good leadership. A bumpy road ahead sign with a large pothole.
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We have some uncertainty ahead of us, no doubt.īut we can address these challenges with focus and clarity if we stick to some key behaviours that will give all our stakeholders belief that we will prevail, despite the difficulties that will continue to plague us this year. Browse 171 professional bumpy road ahead stock photos, images & pictures available royalty-free.
As a result, anxiety and even despair in some cases, will affect decision making and contribute to the VUCA world we have been living in for over a year now. For many companies the road ahead in 2021, while straighter than last year, still looks bumpy. On further reflection it is clear that this concern is not confined to just those kinds of businesses. I recently spoke of how many of us were already finding the need to dip into our reserves and it seemed to resonate with a lot of the people I work with, particularly in some of the service sectors like primary health and retail.
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