What the Continued Global Uncertainty Means for You

2021-01-19T15:49:34-05:00January 19, 2021|

By Hites Ahir, Nicholas Bloom, and Davide Furceri

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Global uncertainty reached unprecedented levels at the beginning of the COVID-19 outbreak and remains elevated. The World Uncertainty Index—a quarterly measure of global economic and policy uncertainty covering 143 countries—shows that although uncertainty has come down by about 60 percent from the peak observed at the onset of the COVID-19 pandemic in the first quarter of 2020, it remains about 50 percent above its historical average during the 1996–2010 period.

Uncertainty in systemic economies matters for uncertainty […]

Outlook for the Americas: A Tougher Recovery

2019-03-13T16:18:09-04:00July 23, 2018|

By Alejandro Werner

July 23, 2018

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Street vendors in Rio de Janeiro, Brazil: While growth is accelerating in some parts of Latin America, the recovery has become tougher for some of the largest economies (photo: Oliver Wintzen/Robert Harding/Newscom)

Economic activity in Latin America continues to recover. Following the pickup in domestic demand led by consumption in 2017, investment is finally gathering strength. […]

The Global Expansion: Still Strong but Less Even, More Fragile, Under Threat

2019-03-14T09:28:49-04:00July 16, 2018|

By Maurice Obstfeld

July 16, 2018

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The escalation of trade tensions is the greatest near-term threat to global growth (photo: wildpixel/Getty Images by iStock)

Amid rising tensions over international trade, the broad global expansion that began roughly two years ago has plateaued and become less balanced. […]

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