Europe’s COVID-19 Crisis and the Fund’s Response
This blog is part of a series providing regional analysis on the effects of the coronavirus.
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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. […]
Fiscal Policies For Women’s Economic Empowerment
By Stefania Fabrizio, Daniel Gurara and Lisa Kolovich
Making sure that opportunities to enter the workforce are fair and rewarding for women benefits everyone. Yet, the average female workforce participation rate across countries is still 20 percentage points lower than the male rate, largely because gender gaps in wages and access to opportunities, such as education, stubbornly persist. […]
For Venezuela’s Neighbors, Mass Migration Brings Economic Costs and Benefits
By Emilio Fernandez Corugedo and Jaime Guajardo
The world’s newest migration crisis is unfolding in Latin America, where Venezuela’s economic collapse and unprecedented humanitarian crisis has sparked a wave of emigration to neighboring countries. […]
Widening Gaps: Regional Inequality within Advanced Economies
By John Bluedorn, Weicheng Lian, Natalija Novta, and Yannick Timmer
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Differences in economic performance between regions within countries can be large and sometimes even larger than between countries. […]
Chart of the WeekVoting on Gender Parity
Electoral violence occurs in many African countries. Tragically, thousands are killed and displaced during election cycles on the continent. […]
To Reduce Inequality, Employ Young People
Burcu Hacibedel and Priscilla Muthoora
Rising economic growth has reduced inequality in low-income and emerging market countries over the years. […]
Equality for All
If you are born a girl, you may have to fight for your rights. And without rights, you will not only face discrimination, but also likely have a hard time getting the healthcare and education you will need to be a productive worker and thus have a hard time getting a good paying job. Without productive women in good jobs, the loss of potential output is large. […]
Lasting Effects: The Global Economic Recovery 10 Years After the Crisis
By Wenjie Chen, Mico Mrkaic, and Malhar Nabar
October 3, 2018
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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. […]