Friday , July 30 2021
Home / Tag Archives: growth

Tag Archives: growth

Drawing Further Apart: Widening Gaps in the Global Recovery

By Gita Gopinath عربي, 中文, Español, Français, 日本語, Português, Русский The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies. Our latest global growth forecast of 6 percent for 2021 is unchanged from the previous outlook, but the composition has changed. The recovery is not assured until the pandemic is beaten back globally. Growth prospects for advanced economies this year have improved by 0.5 percentage...

Read More »

Taming Market Power Could (also) Help Monetary Policy

By Romain Duval, Davide Furceri, and Marina M. Tavares Some central banks are currently debating whether to tighten monetary policy to fight inflationary pressures, after having eased decisively in response to the COVID-19 shock. In making such decisions, central bankers have to consider how much businesses and consumers will respond. The structure of the financial system and the future expectations of consumers and businesses are key drivers of how effective monetary policy actions will be....

Read More »

Seizing the Opportunity for a Pro-Growth, Post-Pandemic World

By Geoffrey Okamoto عربي, 中文, Español, Français, 日本語, Português, Русский Since March 2020, governments have spent $16 trillion providing fiscal support amid the pandemic, and global central banks have increased their balance sheets by a combined $7.5 trillion. Deficits are the highest they have been since World War II and central banks have provided more liquidity in the past year than in the past 10 years combined. This was absolutely necessary — IMF research indicates that if policymakers...

Read More »

Getting Back to Growth

By Lone Engbo Christiansen, Ashique Habib, Margaux MacDonald, and Davide Malacrino عربي, Español, 日本語, Português, Русский Producing and consuming more goods and services for the same amount of work sounds too good to be true. In fact, it’s entirely possible. Higher productivity is one of the key ingredients to higher economic growth and incomes. It’s all about how workers become more productive. For many of us, the COVID-19 pandemic has changed the way we work and spend. The question is how...

Read More »

The Next Move: Consequences for Emerging Markets

By Gita Bhatt We focus this issue of Finance & Development on the road ahead for emerging markets, a label frequently applied to economies in the middle—neither advanced nor low-income. Because of their growing systemic relevance, this group of countries helps anchor global stability. Yet, as we drill down and define their characteristics, we find a widely diverse set of economies of varying sizes and growth rates that face different prospects, priorities, and challenges. Some, like...

Read More »

Achieving the Sustainable Development Goals Will Require Extraordinary Effort by All

by Abdelhak Senhadji, Dora Benedek, Edward Gemayel, and Alexander Tieman عربي, 中文, Español, Français, 日本語, Português, Русский The pandemic’s impact on the world’s poor has been especially harsh. COVID-19 may have pushed about 100 million people into extreme poverty in 2020 alone, while the UN warns that in some regions poverty could rise to levels not seen in 30 years. The current crisis has derailed progress toward basic development goals, as low-income developing countries must now...

Read More »

April Regional Service-Sector Survey Points to A Long-Awaited Rebound

Jason Bram and Richard Deitz While the manufacturing sector typically drives recessions and recoveries more than the service sector, the opposite has been true during the pandemic recession. Finally this month, the Federal Reserve Bank of New York’s April business surveys point to a solid increase in service sector activity as well as continued strength in manufacturing activity in the New York-Northern New Jersey region, marking the first signs of widespread growth since the pandemic...

Read More »

Managing Divergent Recoveries

By Gita Gopinath عربي, 中文, Español, Français, 日本語, Português, Русский It is one year into the COVID-19 pandemic and the global community still confronts extreme social and economic strain as the human toll rises and millions remain unemployed. Yet, even with high uncertainty about the path of the pandemic, a way out of this health and economic crisis is increasingly visible. Thanks to the ingenuity of the scientific community hundreds of millions of people are being vaccinated and this is...

Read More »

Latin America and Caribbean’s Winding Road to Recovery

By Alejandro Werner, Anna Ivanova, and Takuji Komatsuzaki Español, Português Latin America and Caribbean economies managed to bounce back from COVID-19’s initial economic devastation earlier in 2020. But the pandemic’s resurgence towards the end of the year threatens to thwart an uneven recovery and add to the steep social and human costs. After the sharp contraction in the second quarter of last year, the brisk recovery in the third quarter exceeded expectations in some larger economies,...

Read More »

Cooperation Critical to Reducing Divergent Paths to Recovery in Middle East and Central Asia

By Jihad Azour  عربي, Français, Русский  The road to recovery for the Middle East and Central Asia region will hinge on containment measures, access to and distribution of vaccines, the scope of policies to support growth, and measures to mitigate economic scarring from the pandemic. The virus’s second wave, which began in September, hurt many countries in the region, where infection and death rates far surpassed those seen during the first wave . Most countries resumed selective restrictions...

Read More »