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Global Imbalances and the COVID-19 Crisis
A new IMF External Sector Report shows that overall current account deficits and surpluses in 2019 were just below 3 percent of world GDP, slightly less than a year earlier. The latest forecasts…
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The Global Economic Reset- Promoting a More Inclusive Recovery
By Kristalina Georgieva The COVID-19 crisis is inflicting the most pain on those who are already most vulnerable. This calamity could lead to a significant rise in income inequality. And it could jeopardize…
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The Much Damages Coronavirus has Done to the Global Stock Market
In the global stock market, the impact has been overwhelming as investors rally around to look for safe havens. The DOW-Jones, S&P 500 and NASDAQ have all entered into the bear market as…
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In their Numbers: How Coronavirus is Hurting the Global Economy
The last time oil price was at a low of between $20 and $26 per barrel was in 2003. Bloomberg reports that the last time factories were shut down up to the level…
