Regions

Artificial intelligence

The AI Awakening

November 30, 2023

Gita Bhatt

Generative AI has introduced tantalizing new possibilities. Yet the initial excitement surrounding AI has given way to genuine and growing concerns. This issue is an early attempt to understand AI’s implications for growth, jobs, inequality, and finance.

World Needs More Policy Ambition, Private Funds, and Innovation to Meet Climate Goals

November 27, 2023

Simon Black, Florence Jaumotte, Prasad Ananthakrishnan

International cooperation is more important than ever because no country can address climate change by itself

Central Bank Digital Currency Development Enters the Next Phase

November 20, 2023

Tobias Adrian, Dong He, Tommaso Mancini-Griffoli, Tao Sun

Many of the world’s monetary authorities are seeking more guidance on how best to pursue digital forms of central bank money

Climate Change is Disrupting Global Trade

November 15, 2023

Serkan Arslanalp, Robin Koepke, Alessandra Sozzi, Jasper Verschuur

Panama’s drought shows how trade disruptions from climate extremes can reverberate around the world

Economic growth

Europe’s Wage Rises Are Aiding Recovery but Economies Face Risks

November 8, 2023

Chikako Baba, Ben Park, Ippei Shibata, Sebastian Weber

With appropriate policies and improved productivity, Europe can reconcile short-term wage pressures and long-term labor trends with less inflation

Economic growth

G20 Economies Should Turn to Reforms to Improve Growth Amid Policy Tightening

November 7, 2023

JaeBin Ahn, Nicolas Fernandez-Arias, Neil Meads

Recommended policies and reforms would boost output of major economies by up to 0.7 percent and foster more balanced, sustainable, and inclusive growth

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