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โก *Powering the AI Revolution* Artificial intelligence could boost the average pace of annual global economic growth, with data centers powering AI systems expected to consume a staggering 1,500 terawatt-hours by decade's end. This will exceed the electricity usage of most entire countries. How can economies keep up? Our latest blog explores the energy challenge behind AI and how policies can help meet this demand. https://www.imf.org/en/Blogs/Articles/2025/05/13/ai-needs-more-abundant-power-supplies-to-keep-driving-economic-growth


*A peak into the inner workings of a central bank under pressure.* ๐ฆ๐ท After years of economic turmoil, Argentina's central bank chief has doubled down on efforts to restore confidence in the Argentine peso and normalize its economy. In this podcast, Governor Santiago Bausili discusses the challenging process of stabilizing Argentina's bi-monetary economy. https://open.spotify.com/episode/036CSFbui8TlZKHydhLe7C


๐ ๏ธ Doing more with less - economy edition. When economists talk about total factor productivity (TFP), what do they really mean?

The correct answer to yesterday's terminology quiz is: Reducing government debt and deficits through spending cuts or raising revenues Fiscal consolidation refers to *policy efforts to reduce government deficits and debt accumulation*, usually through a mix of revenue increases (like taxes) and spending cuts.

*Insights and Updates from the IMF - Your Weekend Read* This week's edition covers debt transparency, growth in the MENA region, Germany's denouement, and our Chart of the Week on AI's need for power supplies to continue driving economic growth. Read more: https://www.linkedin.com/pulse/weekend-read-debt-transparency-public-good-grmze/


Government bond markets are the bedrock of global capital markets. Policymakers have made progress in strengthening this critical market, but more work is needed. Our new blog post outlines how broadening central clearing and monitoring market-making, especially by nonbank financial institutions, can foster greater resilience. https://www.imf.org/en/Blogs/Articles/2025/05/21/fostering-core-government-bond-market-resilience


*Your IMF Weekend Read is here.* This edition covers: โข How to foster government bond market resilience โข Making the EU's long-term budget fit for purpose โข The value of vocation โข A podcast with Malaysia's central bank governor on bank operations amid this changing landscape โข Tracking global trade in real time using satellite data Read more: https://www.linkedin.com/pulse/weekend-read-fostering-core-government-bond-7akgf/


๐ฃ *Poll Reveal: What is total factor productivity (TFP)?* The correct answer is: *C โ How efficiently an economy turns inputs into income.* For macroeconomists, total factor productivity measures how efficiently an economy turns inputs - like labor, land, and machines - into income. If an economy's income goes up without using more resources, or stays the same while using less, it is said to enjoy higher TFP. ๐ฅ Watch the full explainer here: https://www.youtube.com/watch?v=ht7Yxcd4QLk

๐จ๐ท *Costa Ricaโs Road to Recovery* During the COVID-19 pandemic, Costa Rica tapped IMF support to stabilize jobs, boost healthcare, and strengthen public services. The result? A resilient recovery that preserved key sectors like tourism and infrastructure. Learn how these measures helped small businesses like the Finca Rosa Blanca Coffee Farm and Inn: https://www.youtube.com/watch?v=niYa3-fEgK8

Welcome to Trivia Thursday: Economic terms edition! ๐ค What does "fiscal consolidation" mean?