Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike
Spending imperatives from pandemic and war meet high debt and tight budget constraints.
Financial Stability Risks Grow as War Complicates Push to Contain Inflation
While no systemic event has materialized so far, the balance of risks has tilted more firmly to the downside.
War Dims Global Economic Outlook as Inflation Accelerates
The effects of the war will propagate far and wide, adding to price pressures and exacerbating significant policy challenges.
Private Debt to Weigh on Global Economic Recovery
A record rise in private debt could slow the economic recovery, but the drag on growth will vary across countries and within them.
Emerging-Market Banks’ Government Debt Holdings Pose Financial Stability Risks
Banks’ holdings of sovereign debt rise to a record as governments spend to cushion pandemic impact.
Chart of the WeekGlobal Economic Uncertainty, Surging Amid War, May Slow Growth
As the war in Ukraine unfolds, global uncertainty has surged, according to the latest reading of the World Uncertainty Index—a quarterly measure across 143 countries. This increase is a bad sign for growth.
The Right Labor Market Policies Can Ease the Green Jobs Transition
Measures include job training, tax credits for lower-income workers, green infrastructure and R&D investment push, and a carbon tax.
Fast-Moving FinTech Poses Challenge for Regulators
Emerging firms are quickly making inroads into critical financial services, and often taking on more risk than traditional banks.
Tax Coordination Can Lead to a Fairer, Greener Global Economy
Cooperation across countries can raise revenue, tackle inequality, and fight climate change.
Global Trade Needs More Supply Diversity, Not Less
Countries with trade partners that implemented more stringent lockdowns had a sharper drop in imports. Though trade flows have adjusted, more diversified global value chains could help lessen the impact of future shocks.