From stagflation to debt crises: What history tells us
The global economy is in the midst of a steep growth slowdown accompanied by multi-decade high inflation. Global inflation forecasts for 2022-23 have been sharply upgraded, while global g...
M. Ayhan Kose is Director of the World Bank Development Prospects Group. He is also a Nonresident Senior Fellow at the Brookings Institution and a Research Fellow at the Center for Economic Policy Research (CEPR). He was previously Assistant to the Director of the Research Department and Deputy Chief of the Multilateral Surveillance Division in the International Monetary Fund.
The global economy is in the midst of a steep growth slowdown accompanied by multi-decade high inflation. Global inflation forecasts for 2022-23 have been sharply upgraded, while global g...
Durante casi 30 años, el crecimiento del comercio, las inversiones y la innovación impulsó una era de prosperidad sin precedentes, y el mundo estuvo cerca de poner fin a la pobreza extrem...
For nearly 30 years, greater trade, investment and innovation bolstered an unprecedented era of prosperity—and brought the world closer to ending extreme poverty. It allowed the incomes ...
In last year’s COVID-19-induced global recession, global government debt surged in its largest single-year increase on record. Globally, government debt stood at a five-decade record of 9...
Economies across the globe face a daunting challenge: the highest global debt levels seen in half a century. As The Aftermath of Debt Surges points out, policymakers need to prepare for t...
Because of its size and interconnectedness, developments in the US economy are bound to have important effects around the world. The US has the world’s single largest economy, accounting ...