This paper uses a multi-methodological approach to measure the fiscal costs of monetary and exchange rate policy distortions in Zimbabwe. It identifies three channels through which these policy distortions...
China’s gross domestic product (GDP) growth has moderated since the second quarter of 2024, owing to subdued domestic demand. The government has responded to the domestic demand slowdown with incremental...
Economic growth is projected at 3.2 percent in 2024, with robust growth supported by strong consumption from higher wages, fiscal stimulus, and import substitution. Inflation has remained above the central...
Tight monetary policies, restrictive financial conditions, and the slowdown of global trade continued to weaken global growth. Global economic growth declined in 2023 and is expected to decline further...
Zimbabwe’s economy has seen a strong rebound since the COVID-19 pandemic. While fiscal deficits are low, initial expansionary monetary policy had put pressure on inflation and the exchange rate. A recent...
Economic growth weakened in advanced economies, contributing to a decline in global growth in 2023. Tight monetary policy weighed substantially on economic activity of advanced economies, with considerable...
Robust economic activity in the first half of 2022 was driven by strong private-sector and export performance and loose monetary policy despite soaring inflation, a weakening currency, and a widening current...
The world economy is experiencing a slow recovery after the shock caused by the COVID- 19 pandemic. The progress on sustainable development goals is seriously undermined, making them unachievable by 2030...
This paper examines the implications of different types of interest rate shocks in the United States for emerging market and developing economies (EMDEs). It first classifies changes in U.S. interest rates...
Amidst repercussions from the Russia-Ukraine conflict, lingering supply chain disruptions, and tightening global financial conditions, Egypt is experiencing a spike in inflation and has suffered abrupt...
The October 2022 update presents the 4th edition of the World Bank’s Multidimensional Poverty Measure (MPM), based on updates to the Global Monitoring Database (GMD). The MPM is an index that captures...
These remarks were delivered by World Bank Group President David Malpass before the 2022 Annual Meetings on the Crisis Facing Development on September 28, 2022. He spoke in detail about the following topics:...
Global growth slowed markedly in H1 2022. This was due to COVID-19 resurgences at the turn of the year; protracted supply disruptions; reduced macroeconomic support; and substantial negative spillovers...
After multiple consecutive shocks, including the COVID-19 pandemic, which led to the first recession in almost three decades, the economy has started to recover but under considerable uncertainty. Real...
These remarks were delivered by World Bank Group President David Malpass at World Bank Group 2022 Spring Meetings Ministerial Roundtable for Support to Ukraine on April 21, 2022. He said that he has been...
Mozambique’s economy has experienced strong growth over the last two decades, with GDP expanding at an annual average rate of 7.2 percent. However, this growth has been unequally shared and rural areas...
Poverty reduction is not just a matter of improving incomes. Other dimensions that people value, and that cannot be measured by looking at income, include the ability to read and write, the ability to...