An Early View of the Economic Impact of the Pandemic in 5 Charts
By John Bluedorn, Gita Gopinath, and Damiano Sandri
عربي, 中文, Español, Français, Português, Русский
The COVID-19 pandemic has pushed the world into a recession. For 2020 it will be worse than the global financial crisis. The economic damage is mounting across all countries, tracking the sharp rise in new infections and containment measures put in place by governments. (more…)
Chart of the weekGlobal Uncertainty Related to Coronavirus at Record High
By Hites Ahir, Nicholas Bloom, and Davide Furceri
The coronavirus continues to spread. As more countries impose quarantines and social distancing, the fear of contagion and income losses is increasing uncertainty around the world.
A new measure of economic uncertainty related to pandemics and other disease outbreaks finds that uncertainty around the coronavirus is exceptionally high and is much higher than in past outbreaks.
Economic Policies for the COVID-19 War
This blog is part of a special series on the response to the coronavirus.
By Giovanni Dell’Ariccia, Paolo Mauro, Antonio Spilimbergo, and Jeromin Zettelmeyer
عربي, 中文, Español, Français, 日本語, Português, Русский
The COVID-19 pandemic is a crisis like no other. It feels like a war, and in many ways it is. People are dying. Medical professionals are on the front lines. Those in essential services, food distribution, delivery, and public utilities work overtime to support the effort. (more…)
Maintaining Banking System Safety amid the COVID-19 Crisis
This blog is part of a special series on the response to the coronavirus.
By Tobias Adrian and Aditya Narain
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Today we face economic upheaval potentially more severe than we witnessed during the global financial crisis. The coronavirus pandemic is a different kind of shock. Never before have modern economies shut down at the drop of a hat. (more…)
Europe’s COVID-19 Crisis and the Fund’s Response
This blog is part of a series providing regional analysis on the effects of the coronavirus.
عربي, 中文, Español, Français, Italiano, 日本語, Português, Русский
COVID-19 has struck Europe with stunning ferocity. While we do not know how long the crisis will last, we know that the economic impact will be severe. In Europe’s major economies, nonessential services closed by government decree account for about one-third of output. (more…)
In It Together: Protecting the Health of Africa’s People and their Economies
This blog is part of a series providing regional analysis on the effects of the coronavirus.
By Karen Ongley and Abebe Aemro Selassie
中文, Español, Français, Português
The growing presence of COVID‑19 in sub-Saharan Africa threatens the same human costs as elsewhere in the world. The economic costs could be just as devastating. (more…)
COVID-19 Pandemic and the Middle East and Central Asia: Region Facing Dual Shock
This blog is part of a series providing regional analysis on the effects of the coronavirus.
By Jihad Azour
عربي, Español, Français, Português, Русский
The impact of COVID-19 and the oil price plunge in the Middle East and the Caucasus and Central Asia has been substantial and could intensify. With three-quarters of the countries reporting at least one confirmed case of COVID-19 and some facing a major outbreak, the coronavirus pandemic has become the largest near-term challenge to the region. (more…)
Blunting the Impact and Hard Choices: Early Lessons from China
This blog is part of a series providing regional analysis on the effects of the coronavirus.
By Helge Berger, Kenneth Kang, and Changyong Rhee
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The impact of the coronavirus is having a profound and serious impact on the global economy and has sent policymakers looking for ways to respond. (more…)
COVID-19 Pandemic and Latin America and the Caribbean: Time for Strong Policy Actions
This blog is the first in a series providing regional analysis on the effects of the coronavirus.
عربي, 中文, Español, Français, 日本語, Português, Русский
COVID-19 is spreading very quickly. This is no longer a regional issue—it is a challenge calling for a global response. Countries in Latin America and the Caribbean have been hit later than other regions from the pandemic and therefore have a chance to flatten the curve of contagion.
Policy Action for a Healthy Global Economy
This blog is part of a special series on the response to the coronavirus.
عربي, 中文, Español, Français, 日本語, Português, Русский
While quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the exact opposite is needed when it comes to securing the global economy. (more…)