World News

Tight Jobs Market Is a Boon for Workers But Could Add To Inflation Risks

(PHOTO: ABLOKHIN/ISTOCK BY GETTY IMAGES) March 31, 2022/IMFBlog By Romain Duval, Myrto Oikonomou and Marina M. Tavares By late 2021, there were 50 percent to 80 percent more unfilled jobs in Australia, Canada, the United Kingdom and the United States than there were prior to the pandemic. Open vacancies were at or above their […]

EBRD Sees War on Ukraine Causing Major Growth Slowdown

March 31, 2022/EBRD By Richard Porter More than 3.9 million refugees have left Ukraine since the start of the war. Image Credit: EBRD 2022 growth projection for EBRD regions revised down by 2.5 per cent to 1.7 per cent   World economy faces ‘the greatest supply shock since at least the […]

EBRD to close its offices in Moscow and Minsk

Image Credit: EBRD March 29, 2022/EBRD The European Bank for Reconstruction and Development (EBRD) has announced that it is in the process of closing its Resident Offices in Moscow and Minsk. The EBRD has strongly condemned the war on Ukraine and the decision to close the offices in Moscow and Minsk […]