From Vaccines to V-Shaped Recovery in Europe
One year into the pandemic, Europe finds itself at another turning point. New waves of infection are hitting the continent, requiring new lockdowns. […]
Economic Gains from Gender Inclusion: Even Greater than You Thought
By Christine Lagarde and Jonathan D. Ostry
November 28, 2018
عربي, 中文, Español, Français, 日本語, Português, Русский
Raising women’s participation in the workforce can give a bigger boost to growth than previously thought (photo: Ahrens/Steinbach Projekte/fotogloria/Newscom)
Despite some progress, the gaps in labor force participation between men and women remain large. […]
G20: Step Up to Boost Inclusive Growth
November 28, 2018
عربي, 中文, Español, Français, 日本語, Português, Русский
Puerto Madero harbor, Buenos Aires, Argentina: G20 countries will need to act swiftly and together to boost inclusive growth (photo: Florian Kopp imageBROKER/Newscom)
As G20 leaders gather in Argentina, the global economy faces a critical juncture. […]
Euro Area Inflation: Why Low For So Long?
By Yasser Abdih, Li Lin, Anne-Charlotte Paret
August 28, 2018
Sculpture of the euro outside the European Central Bank, Frankfurt, Germany: Convergence of core inflation towards the ECB’s medium-term objective is likely to be gradual (photo: Alex Domanski/REUTERS/Newscom)
The euro area economy is in its fifth year of recovery, unemployment is close to its pre-crisis level and the output gaps of most countries have closed. Yet, core inflation continues to be low, notwithstanding temporarily high headline inflation due to higher energy prices. […]
Chart of the Week: An Answer to the U.S. Wage Puzzle
By Yasser Abdih
July 10, 2018
Hiring is strong, but workers still aren’t seeing big raises (photo: Kutay Tanir/Getty Images by iStock).
Wages in the US have grown slowly in recent years, even as the unemployment rate has fallen to the lowest levels in decades. […]
Technology and the Future of Work
By Adrian Peralta, and Agustin Roitman
May 1, 2018
Versions in عربي (Arabic), baˈhasa indoneˈsia(Indonesian), 中文 (Chinese), Español (Spanish), 日本語 (Japanese), Português (Portuguese), Русский (Russian)
Technology impacts how we work (photo: BSIP/Newscom).
Many feel anxious about the impact of new technology on their jobs. This is not new. In fact, it dates back at least to the Luddites movement at the outset of the Industrial Revolution. And it resurfaced during the Great Depression and again in the 1960s, following a period of high productivity growth, and in the 1980s at the outset of the IT revolution.
How can governments help? By investing in peoples’ skills. […]
Wanted: Policies to Encourage and Enable Work in Advanced Economies
By Francesco Grigoli, Zsóka Kóczán, and Petia Topalova
April 9, 2018
Versions in عربي (Arabic), 中文 (Chinese), Español (Spanish), Français (French), 日本語 (Japanese), Português (Portuguese), Русский (Russian)
Aging may slow economic growth in advanced economies (photo: Zero Creatives Cultura/Newscom).
Population growth in advanced economies is slowing, life expectancy is rising, and the number of elderly people is soaring. Because older workers participate less in the labor market, the aging of the population could slow growth and, in many cases, threaten the sustainability of social security systems. But, as our research in Chapter 2 of the April 2018 World Economic Outlook shows, there is considerable scope for policies to mitigate the forces of aging by enabling those who are willing to work to do so. […]
More People, More Technology, More Jobs: How to Build Inclusive Growth
By Stefania Fabrizio and Andrea F. Presbitero
December 4, 2017
Versions in عربي (Arabic), 中文(Chinese), Français (French), 日本語 (Japanese), Русский (Russian)
Pretoria, South Africa: technicians work inside a new locomotive (photo: Zhai Jianlan Xinhua News Agency/Newscom).
Population growth and technological innovation don’t necessarily have to widen inequality in developing countries. They can also offer new opportunities to increase growth and create jobs: the long-term outcomes depend on today’s policy choices. But those choices are not easy because policies for sustained and inclusive growth may conflict with short-term needs. We look at the trade-offs and how to balance short- and long-term goals for sustainable and inclusive growth. […]