2020 was a year of extremes. Travel all but ceased for a period. Oil prices wildly fluctuated. Trade in medical products reached new heights. Household spending shifted to consumer goods rather than services and savings ballooned as people stayed home amid a global shutdown. […]
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A year ago, the world changed. While the pandemic’s effect on workers has varied worldwide, the new reality has left many mothers scrambling. With schools and daycares closed, many were forced to leave their jobs or cut the hours they worked. […]
Andrea Schaechter is an advisor in the IMF’s European Department. She has more than 20 years of experience at the IMF, where she was recently the mission chief for Spain and led an IMF-supported program with Romania. She also worked in the IMF’s Fiscal Affairs Department, including as a principal author of the IMF’s Fiscal Monitor, and in the Monetary […]
Raphael Espinoza is a deputy division chief in the IMF’s Fiscal Affairs Department. He was previously an Assistant Professor in Economics at University College London, where he was also the Director of the Centre for Studies of Emerging Economies. At the IMF he has worked in the Research Department and on the United Kingdom, Spain, the Dominican Republic, and various […]
Dora Iakova is an Assistant Director in the IMF’s European Department, currently working on Spain and European climate policies. She has been mission chief for the United Kingdom, Mexico, Chile, Norway, and has led the Regional Studies Division in the Western Hemisphere Department. Prior to that she worked for a number of advanced and emerging market economies in Asia and […]
Several countries in Asia and Europe, where the COVID-19 outbreak appears to have peaked, are gradually reopening their economies. Without a vaccine or effective treatment, policymakers will be balancing the benefits of resuming economic activity against the potential cost of another increase in infection rates. […]