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.
Governments Must Choose to Support or Restructure Heavily Indebted Firms
To stave off risks to recovery, policymakers should focus support on firms that can survive and prepare to restructure or liquidate those that cannot.
A Hobbled Recovery Along Entrenched Fault Lines
The global recovery continues amid increasing uncertainty, more complex policy trade-offs.
A Future with High Public Debt: Low-for-Long Is Not Low Forever
By Marcos Chamon and Jonathan D. Ostry
Many countries are experiencing a combination of high public debt and low interest rates. This was already the case in advanced economies even prior to the pandemic but has become even starker in its aftermath. […]
Slow-Healing Scars: The Pandemic’s Legacy
By Sonali Das and Philippe Wingender
عربي, 中文, Español, Français, 日本語, Português, Русский
Recessions wreak havoc and the damage is often long-lived. Businesses shut down, investment spending is cut, and people out of work can lose skills and motivation as the months stretch on. […]
Chart of the WeekAging Economies May Benefit Less from Fiscal Stimulus
By Jiro Honda and Hiroaki Miyamoto
In the midst of the current COVID-19 pandemic, policymakers around the world are undertaking fiscal stimulus—a combination of spending increases and tax reductions—to support their economies. […]
COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond
By Martin Mühleisen, Tryggvi Gudmundsson, and Hélène Poirson Ward
عربي, 中文, Español, Français, 日本語, Português, Русский
The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. […]
A New Social Contract
November 30, 2018
(photo: Michael Waraksa)
As the world seeks to address the rise of populism and nationalism, it is becoming clear that economic insecurity lies at the heart of much of the discontent. […]
Economic Preparedness: The Need for Fiscal Space
By Vikram Haksar, Marialuz Moreno-Badia, Catherine Pattillo and Murtaza Syed
June 27, 2018
Versions in عربي, 中文, Baˈhasa indoneˈsia, 日本語, Português
Countries must assess the amount of room in their budgets for increasing spending or cutting taxes (photo: Martin Barraud/iStock by Getty Images)
How much leeway national policymakers have for increasing spending or cutting taxes has been hard to assess. […]