OPINION/EDITORIAL

Global Economy to Shrink by 5.2% in 2020 due to COVID-19-World Bank

June 11, 2020/World Bank Group Executive Summary COVID-19 has triggered a global crisis like no other-a global health crisis that, in addition to an enormous human toll, is leading to the deepest global recession since the second world war. While the ultimate growth outcome is still uncertain, and an even […]

Many EBRD economies better placed to exit lockdown than advanced, other emerging markets

June 11, 2020/EBRD By Anthony Williams @ebrdtony A new monitor developed by the European Bank for Reconstruction and Development (EBRD) reveals that many economies in the EBRD regions are better positioned to exit social distancing than other emerging-market and advanced-economy comparators. The monitor assesses the ease with which economies are able […]

The Global Economic Reset—Promoting a More Inclusive Recovery

June 11, 2020/IMFBlog By Kristalina Georgieva  The COVID-19 crisis is inflicting the most pain on those who are already most vulnerable. This calamity could lead to a significant rise in income inequality. And it could jeopardize development gains, from educational attainment to poverty reduction. New estimates suggest that up to […]