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APRIL 6, 2021 By Tobias Adrian After enduring a tumultuous 2020, the global economy is finally emerging from the worst phases of the COVID-19 pandemic, albeit with prospects diverging starkly across regions and countries—and only after a “lost year” spent in suspended animation. The economic trauma would have been much worse if the global economy had not been supported by the unprecedented polic..

APRIL 6, 2021 By Gita Gopinath 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 hundred..

APRIL 13, 2021 by Jonathan D. Ostry In some Asia-Pacific countries, the unpleasant memory of the pandemic is receding; elsewhere, second or third waves of infections are raging. A recovery is underway, but the regional averages obscure wide differences within and across countries. Asia is likely to benefit from the US fiscal expansion through trade channels, but could experience financial turbul..

APRIL 7, 2021 By Vitor Gaspar, W. Raphael Lam, Paolo Mauro, and Mehdi Raissi عربي, 中文, Español, Français, 日本語, Português, Русский The race to vaccinate against COVID-19 continues, but the pace of inoculation varies widely across countries, with access unavailable to many. Global cooperation must be stepped up to produce and distribute vaccines to all countries at affordable costs. The sooner vac..

APRIL 15, 2021 By Alejandro Werner, Takuji Komatsuzaki, and Carlo Pizzinelli Español, Português Growth in Latin America and the Caribbean recovered briskly in the second half of 2020, yet still more slowly than the global economy and other emerging markets.That’s despite unprecedented policy support, strong performance of trading partners, soaring commodity prices and accommodative global financ..

APRIL 14, 2021 By Alfred Kammer Español, Français, Português One year into the pandemic, Europe finds itself at another turning point. New waves of infection are hitting the continent, requiring new lockdowns. But, unlike last year, safe and effective vaccines are now available. While the pace of vaccination is still slow, an end to the pandemic is in sight. Reflecting the periodic infection wav..