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How Pandemics Leave the Poor Even Farther Behind

By Davide Furceri, Prakash Loungani, and Jonathan D. Ostry / Image Credit: IMF The COVID-19 crisis is now widely seen as the greatest economic calamity since the Great Depression. In January, the IMF expected global income to grow 3 percent; it is now forecast to fall 3 percent, much worse than during the Great Recession of 2008-09. […]

State-Owned Enterprises in the Time of COVID-19

By Vitor Gaspar, Paulo Medas, and John Ralyea/ Image Credit: WEF The pandemic has highlighted the role of the public sector in saving lives and livelihoods. State-owned enterprises are part of that effort. They can be public utilities that provide essential services. Or public banks that provide loans to small businesses. But some are also […]

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