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COVID-19 Pandemic and the Asia-Pacific Region: Lowest Growth Since the 1960s

2020-04-16T11:49:14-05:00April 15, 2020|

By Chang Yong Rhee

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…)

An Early View of the Economic Impact of the Pandemic in 5 Charts

2020-04-09T07:16:40-05:00April 6, 2020|

By John Bluedorn, Gita Gopinath, and Damiano Sandri

عربي, 中文Español, Français, 日本語, 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

2020-04-05T08:25:17-05:00April 4, 2020|

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.

(more…)

Economic Policies for the COVID-19 War

2020-04-02T16:05:45-05:00April 1, 2020|

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

2020-04-01T14:43:16-05:00March 31, 2020|

This blog is part of a special series on the response to the coronavirus.

By Tobias Adrian and Aditya Narain

عربي中文, Español, Français, 日本語, Português, Русский

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

2020-03-31T10:41:36-05:00March 30, 2020|

This blog is part of a series providing regional analysis on the effects of the coronavirus.

By Poul M. Thomsen

عربي, 中文Español,  FrançaisItaliano, 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…)

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