Healing the Pandemic’s Economic Scars Demands Prompt Action
Challenges facing emerging market workers and students everywhere could turn to long-term damage.
Chart of the WeekLower Oil Reliance Insulates World From 1970s-Style Crude Shock
The war in Ukraine and sanctions on Russia are causing substantial economic spillovers, notably for energy.
Africa Faces New Shock as War Raises Food and Fuel Costs
The effects of the war in Ukraine leave policymakers with little room to maneuver.
Chart of the WeekInflation to be Elevated for Longer on War, Demand, Job Markets
The war in Ukraine will quicken inflation, which we now expect to remain elevated for longer than previously forecast on higher commodity costs and broader price pressures.
Latin America Faces Unusually High Risks
The war in Ukraine and tighter financial conditions are among risks that cloud growth prospects for the region.
Asia Growth Slows on Commodities, Covid and Rising Interest Rates
Region’s policymakers face difficult policy trade-offs and should protect the most vulnerable from rising fuel and food costs while enacting economic reforms to boost long-term growth.
War in Ukraine is Serious Setback to Europe’s Economic Recovery
Ukraine and Russia face the sharpest economic contractions, but other countries could also fall into recession this year.
Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike
Spending imperatives from pandemic and war meet high debt and tight budget constraints.
Financial Stability Risks Grow as War Complicates Push to Contain Inflation
While no systemic event has materialized so far, the balance of risks has tilted more firmly to the downside.
War Dims Global Economic Outlook as Inflation Accelerates
The effects of the war will propagate far and wide, adding to price pressures and exacerbating significant policy challenges.