Global Current Account Balances Widen Amid War and Pandemic
The war in Ukraine and resulting increase in commodity prices are expected to contribute to a further widening this year.
How Europe Can Protect the Poor from Surging Energy Prices
With fossil fuels likely to remain expensive for some time, governments should let retail prices rise to promote energy conservation while protecting poorer households.
Soaring Inflation Puts Central Banks on a Difficult Journey
Upside risks to the inflation outlook remain large, and more aggressive tightening may be needed if these risks materialize.
Asia’s Economies Face Weakening Growth, Rising Inflation Pressures
A multifaced response, including increasing interest rates, is needed to prevent an upward spiral of price expectations and rising capital outflows.
Shifting Global Winds Pose Challenges to Latin America
The region continued its strong recovery in early 2022, but weakening economic activity and persistent inflation will test its resilience.
Global Economic Growth Slows Amid Gloomy and More Uncertain Outlook
The world’s three largest economies are stalling, with important consequences for the global outlook. Inflation is a major concern.
Chart of the WeekMore Countries Are Pricing Carbon, but Emissions Are Still Too Cheap
As the world gears up to avoid a climate catastrophe by limiting global warming to 1.5 to 2 degrees Celsius, more countries are putting carbon pricing at the center of their mitigation strategies.
How a Russian Natural Gas Cutoff Could Weigh on Europe’s Economies
The partial shutoff of gas deliveries is already affecting European growth, and a full shutdown could be substantially more severe.
Facing a Darkening Economic Outlook: How the G20 Can Respond
As G20 ministers and central bank governors gather in Bali this week, they face a global economic outlook that has darkened significantly.
Middle East Needs Fairer Taxes to Aid Growth and Ease Inequality
More progressive taxes with fewer exemptions would help governments pay for immediate spending priorities and make societies fairer.