EU Sources - IMF on growth and collective bargaining - April 30, 2016

In the updated World Economic Outlook 2016, the IMF predicts a baseline projection for global growth in 2016 of a modest 3.2 percent, broadly in line with 2015, and a 0.2 percentage point downward revision relative to the January 2016 Update. The recovery is projected to strengthen in 2017 and beyond, driven primarily by emerging market and developing economies, as conditions in stressed economies start gradually to normalise. In the 3rd chapter of the report (titled Time for a supply-side boost), the IMF continues with the plea for labour market reform and deregulation, although the organisation admits that these reforms can have a negative effect: ‘the impact becomes contractionary if the reforms are undertaken during periods of slack’. It is interesting to read in a special box (3.2) how the organisation struggles with the fact that there is hardly any evidence in Europe for the advocated IMF-policy of decentralisation of collective bargaining and its fight against sector level bargaining and extension of agreements.

English: … …    

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) or the communications officer at the ETUI, Willy De Backer For previous issues of the Collective bargaining newsletter please visit Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at, and on the AIAS at

© ETUI aisbl, Brussels 2016. All rights reserved. We encourage the distribution of this newsletter and of the information it contains, for non-commercial purposes and provided the source is credited. The ETUI is not responsible for the content of external internet sites. The ETUI is financially supported by the European Union. The European Union is not responsible for any use made of the information contained in this publication.
This email is sent from

News Archive