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Productivity increases could lift living standards

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INTERNATIONAL

While productivity concerns continue to occupy economists, businesses and policymakers, the public is growing increasingly alarmed about working conditions, indebtedness…

Deaton will shape global behavioural analysis

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INTERNATIONAL

A profile of Nobel Prize winner Angus Deaton.

World Bank may shift global financing model for LICs

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INTERNATIONAL

The comments come as the World Bank is pressing donors to provide at least 65 billion dollars for the International Development Association (IDA), the Bank's financing arm for…

Policy must look beyond pay to raise living standards

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INTERNATIONAL

Elections have already given the public an opportunity to vent their anger about low wages and the scarcity of better job opportunities -- the former is prevalent among low-paid…

Prospects for sustainable development goals in 2021

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PROSPECTS 2021

Before the onset of COVID-19, no country was on track for achieving all 17 SDGs, including high income countries. In the wake of the pandemic, the challenges are significantly…

Demographic-focused policies would raise global growth

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INTERNATIONAL

The end of population growth in many countries threatens GDP growth prospects, while the rise in life expectancy and an expanding dependent population threaten fiscal…

Developing nations risk backsliding in COVID recovery

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INTERNATIONAL

These dynamics harm developing states disproportionately and are driving a rise in global poverty. Traditional recovery policies tend to be harmful for the environment; these are…

Prospects for the global economy in 2021

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PROSPECTS 2021

Europe and the United States may slip back into recession in the northern hemisphere winter. If vaccination succeeds, the advanced economies will recover robustly from mid-2021…

Creditors will seek geopolitical gains in debt talks

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INTERNATIONAL

Whereas developed economies and China have benefited from USD9tn in fiscal stimulus and USD5tn in liquidity, EMs have less scope because they cannot issue local-currency debt…

Prospects for the global economy to end-2020

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PROSPECTS 2020 H2

COVID-19 dominates the scenarios for the next six months, which range from a swift sharp recovery to another dramatic fall in activity. Policy responses, financial markets…