Healing the Pandemic’s Economic Scars Demands Prompt Action
Challenges facing emerging market workers and students everywhere could turn to long-term damage.
Chart of the WeekThe Threat of Inequality of Opportunity
By Shekhar Aiyar and Christian Ebeke
There are clashing views on the relationship between income inequality and growth. […]
Reform Doesn’t Have to Cost Votes
By Davide Furceri, Jonathan D. Ostry, and Chris Papageorgiou
Economic reforms are often painful in the short term and hence unpopular, but does that mean reform-minded leaders always pay a price at the ballot box? […]
Keynes, the IMF, and the Future
By Gita Bhatt
If Lord Keynes, who helped usher in the post–World War II economic order at the Bretton Woods conference, visited the IMF today, he would be astonished at the institution’s evolution. […]
How to Keep Corporate Power in Check
By Federico Díez and Romain Duval
عربي, 中文, Español, Français, 日本語, Português, Русский
People are becoming concerned that the rising power of big successful companies may be behind some of the recent sluggish economic growth and rising income inequality. […]
Lasting Effects: The Global Economic Recovery 10 Years After the Crisis
By Wenjie Chen, Mico Mrkaic, and Malhar Nabar
October 3, 2018
عربي,中文, Español, Français, Baˈhasa indoneˈsia, 日本語, Português, Русский
Woman cleaning in Berlin, Germany: the 2008 global financial crisis has had long-lasting effects on economic growth (photo: Caro/Olaf Jandke/Newscom)
In the year following the 2008 financial crisis, economic activity declined in half of all countries in the world. Our analysis in Chapter 2 of the October World Economic Outlook shows that in many countries output is still well below levels that would have prevailed had output followed its precrisis trend. […]
Chart of the Week: Inequality in China
September 20, 2018
A gardener outside a luxury auto showroom in Beijing. China has moved from being moderately unequal in 1990 to being one of the world’s most unequal countries (photo: Stephen Shaver/UPI/Newscom)
More than two decades of spectacular economic growth in China have raised incomes dramatically and lifted millions of people out of poverty. […]
Asia Needs More Access to Financial Services to Grow
By Sarwat Jahan, Elena Loukoianova, Cormac Sullivan and Yongzheng Yang
September 18, 2018
A customer pays at a supermarket using her smartphone in Bangkok, Thailand: urban and rural areas in the region widely use mobile payment platforms to access financial services (photo: Li Mangmang Xinhua News Agency/Newscom)
In Asia, the world’s fastest-growing region, expanding access to financial services for more people will mean higher growth, as well as lower poverty and inequality. […]