Public Sector Must Play Major Role in Catalyzing Private Climate Finance
Sharing the risks between public and private sectors would direct a greater share of the world’s financial assets to climate projects.
Chart of the WeekClimate Change Mitigation Will Cause Large Adjustments in Current Account Balances
A climate mitigation policy mix of carbon taxes, green subsidies, and infrastructure investment could reduce global balances by a quarter by 2027. But only if countries coordinate their response.
Chart of the WeekCentral Banks Hike Interest Rates in Sync to Tame Inflation Pressures
During the pandemic, central banks in both advanced and emerging market economies took unprecedented measures to ease financial conditions and support the economic recovery, including interest-rate cuts and asset purchases.
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.
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.