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Why Sustainable Food Systems are Needed in a post-COVID World
By Nicoletta Batini, James Lomax, and Divya Mehra
Food systems are essential to economic activity because they provide the energy that we need to live and work. (more…)
Courage under Fire: Policy Responses in Emerging Market and Developing Economies to the COVID-19 Pandemic
Martin Mühleisen, Vladimir Klyuev, Sarah Sanya
عربي, 中文, Español, Français, 日本語, Português, Русский
The coronavirus crisis is a crisis like no other, and for emerging market and developing economies (EMDE), it has triggered a policy response like no other, both in scope and magnitude. (more…)
Keeping Economic Data Flowing During COVID-19
By Louis Marc Ducharme, James Tebrake, and Zaijin Zhan
عربي, 中文, Español, Français, 日本語, Português, Русский
Accurate and timely economic data are crucial for informing policy decisions, especially during a crisis. But the COVID-19 pandemic has disrupted the production of many key statistics. (more…)
COVID-19 Pandemic and the Caribbean: Navigating Uncharted Waters
By Krishna Srinivasan, Sònia Muñoz, and Varapat Chensavasdijai
As the COVID-19 pandemic continues to spread across the globe—bringing severe human and economic costs—the Caribbean is no exception. With over 1,000 confirmed cases, many countries have taken strong containment measures, such as border closures and lockdowns, to “flatten the curve.” (more…)
A Post-Coronavirus Recovery in Asia—Extending a “Whatever it Takes” Lifeline to Small Businesses
By Kenneth Kang and Changyong Rhee
عربي, 中文, Français, 日本語, Русский
Asia was hit hard by the first wave of the coronavirus, as the sudden stop in activity struck households and firms simultaneously—first in China, then elsewhere in Asia, and now globally. Policymakers responded swiftly with aggressive spending to support the medical response and vulnerable households and firms. And central banks took swift actions to expand liquidity.
Economic Policy in Latin America and the Caribbean in the Time of COVID-19
As of today, about 3,000 people have died from the COVID-19 virus in Latin America and the Caribbean. While the pandemic continues to spread across the region, countries are facing the worst economic recession since countries started producing national accounts statistics in the 1950s. (more…)
COVID-19 Pandemic and the Asia-Pacific Region: Lowest Growth Since the 1960s
عربي, 中文, Français, 日本語, Русский
This is a crisis like no other. It is worse than the Global Financial Crisis, and Asia is not immune. While there is huge uncertainty about 2020 growth prospects, and even more so about the 2021 outlook, the impact of the coronavirus on the region will—across the board—be severe and unprecedented. (more…)
Fiscal Policies to Contain the Damage from COVID-19
By Vitor Gaspar, W. Raphael Lam, and Mehdi Raissi
عربي, 中文, Español, Français, 日本語, Português, Русский
In times of pandemic, fiscal policy is key to save lives and protect people. Governments have to do whatever it takes. But they must make sure to keep the receipts. (more…)
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…)