Reopening from the Great Lockdown: Uneven and Uncertain Recovery

2020-06-25T09:17:07-04:00June 24, 2020|

By Gita Gopinath

عربي, 中文, EspañolFrançais日本語, Português, Русский 

The COVID-19 pandemic pushed economies into a Great Lockdown, which helped contain the virus and save lives, but also triggered the worst recession since the Great Depression. Over 75 percent of countries are now reopening at the same time as the pandemic is intensifying in many emerging market and developing economies. […]

A Global Crisis Like No Other Needs a Global Response Like No Other

2020-04-27T10:59:36-04:00April 20, 2020|

By Kristalina Georgieva

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

I have been saying for a while that this is a “crisis like no other.” It is:

  • More complex, with interlinked shocks to our health and our economies that have brought our way of life to an almost complete stop;

  • More uncertain, as we are learning only gradually how to treat the novel virus, make containment most effective, and restart our economies; and

  • Truly global. Pandemics don’t respect borders, neither do the economic shocks they cause.

[…]

Bringing Down High Debt

2019-03-14T12:19:57-04:00April 18, 2018|

By Vitor Gaspar and Laura Jaramillo

April 18, 2018

Versions in عربي (Arabic), 中文 (Chinese),  Español (Spanish), Français (French), 日本語 (Japanese), Português (Portuguese), Русский (Russian)

High debt makes governments’ financing vulnerable to sudden changes in market sentiment (photo: NYSE-LUCAS JACKSON-REUTERS Newscom).

Global debt hit a new record high of $164 trillion in 2016, the equivalent of 225 percent of global GDP. Both private and public debt have surged over the past decade. High debt […]

The Economic Scars of Crises and Recessions

2019-03-14T13:32:16-04:00March 21, 2018|

By Valerie Cerra and Sweta C. Saxena

March 21, 2018

Version in  日本語 (Japanese), Português  (Portuguese)

New study finds that all types of recessions lead to permanent losses in output and welfare (photo: Peshkov/iStock by GettyImages).

Economic recessions are typically described as short-term periods of negative economic growth. According to the traditional business cycle view, output moves up and down around its long-term upward trend and after a recession, it […]

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