Taming inflation requires slowing down demand. While monetary policy has played its part, lowering fiscal deficits would also help lessen the cost-of-living crisis.
Region would contribute more than 70 percent to global growth this year—but still faces challenges from inflation, debt, and financial vulnerabilities
Following exceptional pandemic support, governments should foster disinflation and financial stability while protecting the most vulnerable and safeguarding public finances
Inflation is slowly falling, but economic growth remains historically low and financial risks have risen
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Long-term losses of 2 percent of global output due to shifting foreign direct investments underscore why global integration needs robust defense
Asia should prioritize reforms that address the investment scarring from high corporate debt, mitigate education losses, and boost digitalization
Elevated risk aversion amid heightened geopolitical and inflation risks and tightening monetary policies in advanced economies weighed on sentiment
Rapid monetary policy tightening after years of low rates is exposing fault lines
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Sharp rises in global interest rates could spark corporate distress and pose wider problems for many economies
The war in Ukraine and resulting increase in commodity prices are expected to contribute to a further widening this year.
Smart fiscal policy can help restore price stability and lessen the impact of the cost-of-living crisis.
Most countries in the world agreed on a major tax reform in 2021. Now it’s time to follow through with implementation.
There is scope to raise more revenue to pay for vital climate and social-development spending
Countries should prioritize protecting the vulnerable through targeted support while keeping a tight fiscal stance to help fight inflation
High debt and rising interest rates put a premium on improved governance to anchor fiscal policy in EU member states.
Digital technologies shielded labor and productivity from the pandemic, while lagging countries accelerated the adoption of technology. However, digitalization gaps persist.
Regulators and supervisors must act now to strengthen the prudential framework
A new kind of multilateral platform could improve cross-border payments, leveraging technological innovations for public policy objectives
Stronger financial regulation and supervision, and developing global standards, can help address many concerns about crypto assets
Amid slowing global growth, promoting technological adoption and closing digital divides can help the region boost aggregate productivity and economic output
Our series examines how regulators, investors and central banks are embracing the promise—and bracing for the peril—of evolving financial technologies
Wage gains remain broadly in line with past episodes, which didn’t tend to lead to sustained wage-price acceleration
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Tackling inflation while supporting growth and protecting the vulnerable warrants careful and vigilant monetary policy tightening
Analysis suggests a sustained acceleration of wages and prices is unlikely
Factors include the region’s heavy reliance on food imports and changes in food consumption and incomes.
Novel survey shows how concerned people are about climate change, how they view mitigation polices, and what drives support for climate action
With the right tools, policymakers can help to manage the climate risks impacting economies and financial systems
Innovative debt swaps can help governments that have limited access to traditional grants or debt relief
A new data gaps initiative will play an important role in addressing climate-related data deficits
Innovative instruments and equity finance are needed to enhance risk-sharing through public-private partnerships and maximize the impact of scarce public funds
Early rollout of climate-mitigation strategies will help countries meet their Paris Agreement commitments and smooth the low-carbon transition
Capturing the dividends from women’s economic equity. Too many women are locked out of economic opportunities, which is not only unfair but also harms growth and resilience for all.
The pandemic has deepened long-standing gender gaps, with women continuing to bear the burden of unpaid work. By structuring spending and taxation in ways that advance gender equality—a process called gender budgeting—governments can help close the gap.
International Women’s Day, first recognized by the United Nations in 1977, grew from early 1900s labor movements for better working conditions and women’s right to work.
