Divergent Recoveries in Asia: History is not Destiny

2021-05-13T12:50:16-04:00February 23, 2021|

by Davide Furceri, Jonathan D. Ostry, and Anthony C.K. Tan

 中文,  日本語

Asian economies are performing better than expected. In the IMF’s latest World Economic Outlook Update, we upgraded our growth estimate for 2020 by 0.7 percentage point from our previous forecast in October, to a contraction of 1.5 percent—in regional terms, a better outcome than other parts of the world. […]

How Pandemics Leave the Poor Even Farther Behind

2020-06-01T12:00:09-04:00May 11, 2020|

By Davide Furceri, Prakash Loungani, Jonathan D. Ostry

عربي中文, EspañolFrançais, 日本語, Português, Русский

The COVID-19 crisis is now widely seen as the greatest economic calamity since the Great Depression. In January, the IMF expected global income to grow 3 percent; it is now forecast to fall 3 percent, much worse than during the Great Recession of 2008-09. Behind this dire statistic is an even grimmer possibility: if past pandemics are any guide, the toll on poorer and vulnerable segments of society will be several times worse. […]

Economic Policies for the COVID-19 War

2020-04-02T16:05:45-04:00April 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. […]

Europe’s COVID-19 Crisis and the Fund’s Response

2020-03-31T10:41:36-04:00March 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. […]

COVID-19 Pandemic and Latin America and the Caribbean: Time for Strong Policy Actions

2020-03-20T12:47:27-04:00March 19, 2020|

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

By Alejandro Werner

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

COVID-19 is spreading very quickly. This is no longer a regional issue—it is a challenge calling for a global response. Countries in Latin America and the Caribbean have been hit later than other regions from the pandemic and therefore have a chance to flatten the curve of contagion.

[…]

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