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  • Africa & World Economy

    Managing Divergent Recoveries

    Sheriffdeen Adeoti / April 6, 2021

    It is one year into the COVID-19 pandemic and the global community still confronts extreme social and economic strain as the human toll rises and millions remain unemployed. Yet, even with high uncertainty…

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  • Africa & World Economy

    How Rising Interest Rates Could Affect Emerging Markets

    Aminu Musa / April 5, 2021

    Emerging and developing economies are viewing rising interest rates with trepidation. Most of them are facing a slower economic recovery than advanced economies because of longer waits for vaccines and limited space for…

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  • black woman in mask choosing food in street bakery
    Africa & World Economy

    Slow-Healing Scars: The Pandemic’s Legacy

    Adebisi Samuel / March 31, 2021

    Recessions wreak havoc and the damage is often long-lived. Businesses shut down, investment spending is cut, and people out of work can lose skills and motivation as the months stretch on. But the…

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  • Africa & World Economy,  Agencies

    A Race Between Vaccines and the Virus as Recoveries Diverge

    Joshua Olorunsaiye / January 28, 2021

    In just three months since we released our last forecast in October, recorded COVID-19 deaths have doubled to over 2 million, as new waves have lifted infections past previous peaks in many countries.…

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  • Africa & World Economy

    Financial Perils in Check for Now, Eyes Turn to Risk of Market Correction

    Aminu Musa / January 27, 2021

    Prices for stocks, corporate bonds, and other risk assets have risen higher on the news of vaccine rollouts. Financial markets have shrugged off rising COVID-19 cases, betting that continued policy support will offset…

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  • Agencies

    What 1919 Teaches Us About Pent-Up Demand

    Aminu Musa / January 12, 2021

    1918 should have been a great year for baseball. A young left-handed pitcher named Babe Ruth began the year by pitching an opening-day victory for the Boston Red Sox. Shortly after, Ruth lobbied…

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  • Agencies

    How the Rich Get Richer

    Adebisi Samuel / December 1, 2020

    A paper co-authored this year by economists from the IMF and other institutions confirms that wealthier people are more likely to earn higher returns on their investments. It also shows that the children…

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  • Agencies

    Time is Ripe for Innovation in the World of Sovereign Debt Restructuring

    Joshua Olorunsaiye / November 29, 2020

    When corporations have too much debt and need to restructure it, creditors often end up exchanging bonds or loans for stocks. They trade the guaranteed payout of a fixed-income investment for an equity…

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  • Agencies

    Continued Strong Policy Action to Combat Uncertainty

    Joshua Olorunsaiye / November 28, 2020

    As G20 leaders meet virtually this week, the global economy faces a critical juncture. Countries have started to climb back from the depths of the COVID-19 crisis. But the resurgence in infections in…

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  • Agencies

    Bridging the Digital Divide to Scale Up the COVID-19 Recovery

    Joshua Olorunsaiye / November 6, 2020

    Digitalization has in the past few years enabled developing countries, in particular, to leapfrog on financial inclusion. Countries like Kenya, Ghana, Rwanda and Tanzania have made great advances in connecting their citizens to…

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