Saturday , October 16 2021
Home / Tag Archives: Covid-19

Tag Archives: Covid-19

Fiscal Policy for an Uncertain World

By Vitor Gaspar, Sandra Lizarazo, Paulo Medas, and Roberto Piazza  中文,  Español, Français, 日本語, Português, Русский As public debt rises to record levels, countries need to calibrate fiscal policies to their own unique circumstances. Vaccination has saved lives and helped economic recovery in many countries, but uncertainty remains high amid new virus variants. The pandemic will leave a lasting mark on inequality, poverty, and government finances, our latest Fiscal Monitor finds. With the...

Read More »

Uncertainty Grips Markets as Optimism Wanes

By Tobias Adrian عربي, 中文, Español, Français, 日本語, Português, Русский Market sentiment has deteriorated since earlier this year amid still elevated financial vulnerabilities and mounting concerns about risks to inflation. Amid the prolonged and painful pandemic, risks to global financial stability have remained contained—so far. But with economic optimism fading, and with financial vulnerabilities intensifying, this is a time for careful policy calibration. To an unprecedented degree, the...

Read More »

A Hobbled Recovery Along Entrenched Fault Lines

By Gita Gopinath عربي, 中文, Español, Français, 日本語, Português, Русский The global recovery continues amid increasing uncertainty, more complex policy trade-offs. The global recovery continues but momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health risks abound, holding back a full return to normalcy. Pandemic outbreaks in critical links of global supply chains have...

Read More »

Why Basic Science Matters for Economic Growth

By Philip Barrett, Niels-Jakob Hansen, Jean-Marc Natal and Diaa Noureldin عربي, 中文, Español, Français, Português Public investment in basic research will pay for itself. The pandemic has rolled back decades of economic progress and wrought havoc on public finances. To build back better and fight climate change, sizable public investment needs to be sustainably financed. Boosting long-term growth—and thereby tax revenue—has rarely felt more pressing. But what are the drivers of long-term...

Read More »

Inflation Scares in an Uncharted Recovery

By Francesca Caselli and Prachi Mishra عربي, 中文, Español, Français, 日本語, Português, Русский A key question is what combination of events could cause persistently faster price gains. The economic recovery has fueled a rapid acceleration in inflation this year for advanced and emerging market economies, driven by firming demand, supply shortages, and rapidly rising commodity prices. We forecast in our latest World Economic Outlook that higher inflation will likely continue in coming months...

Read More »

Twenty Years After 9/11, New York City’s Resilience Is Tested Once Again

Jason Bram and Joelle Scally As we mourn the tragic losses of the 9/11 attacks twenty years on, we thought it would be appropriate to re-examine the remarkable resilience New York City’s economy has shown over the years—a resilience that is once again being tested by the ongoing COVID-19 pandemic. In this Liberty Street Economics post, we look at how Lower Manhattan, in particular, has changed since that tragedy on a number of dimensions, and use that as a framework to think about how the...

Read More »

Coming Together

By Vitor Gaspar and Gita Gopinath عربي, Español, Français, Português, Русский Differences in vaccine access and the ability to deploy policy support are creating a growing divergence between advanced economies from many emerging market and developing economies. Faced with high deficits and historic levels of debt, countries with limited access to financing are walking a fiscal tightrope between providing adequate support and preserving financial stability. IMF support focused most where it...

Read More »

Unequal Burdens: Racial Differences in ICU Stress during the Third Wave of COVID-19

Ruchi Avtar, Rajashri Chakrabarti, and Maxim Pinkovskiy A critical risk during the COVID-19 pandemic has been the possibility of the hospital system becoming overwhelmed. COVID-19 not only has killed nearly 2 percent of people with confirmed infections but causes many more who contract it to develop severe complications that are potentially fatal if not treated in an intensive care unit (ICU). As ICU capacity is based on typical needs for intensive care before the pandemic, a surge of...

Read More »

Chart of the WeekHow To Escape The Perils of Fragility

By Olusegun Akanbi, Kenji Moriyama, Keyra Primus Already facing huge development needs, the COVID-19 pandemic is exacerbating the challenges facing fragile and conflict states—a group of currently about 40 countries trapped in cycles of low administrative capacity, political instability, conflict, and weak economic performance. Our new IMF staff working paper, which analyzes the experiences of 196 countries between 1979 and 2018, shines a light on how countries can avoid or break out of this...

Read More »

How the Pandemic Widened Global Current Account Balances

By Martin Kaufman and Daniel Leigh عربي, 中文, Español, 日本語, Português, Русский 2020 was a year of extremes. Travel all but ceased for a period. Oil prices wildly fluctuated. Trade in medical products reached new heights. Household spending shifted to consumer goods rather than services and savings ballooned as people stayed home amid a global shutdown. If not for the crisis, global current account balances would have continued to decline. Exceptional policy support prevented a global...

Read More »