After a sharp slowdown to 0.9% in 2020, output in East Asia and Pacific is projected to expand 7.4% in 2021, to a level still around 3 percent below pre-pandemic projections. The pandemic is…

Ekaterine T. Vashakmadze |

Depending on the spread or containment of COVID-19, the pace of vaccine dissemination over the next two years, and the level of global financial stress, three alternative outcomes to the baseline…

Justin-Damien Guénette |

The COVID-19-related global recession and economic policy response have triggered a surge in debt levels in emerging market and developing economies (EMDEs). Coming on top of a surge in global…

Peter Nagle, Naotaka Sugawara |

The COVID-19 pandemic has caused major disruptions in the global economy. These are likely to deepen the expected slowdown in potential growth over the next decade, unless policies take a major…

Franziska Ohnsorge, Naotaka Sugawara |

Following the devastating health and economic crisis caused by COVID-19, the global economy appears to be emerging from one of its deepest recessions and beginning a subdued recovery.

David Malpass |

The global recovery, which has been dampened in the near term by a resurgence of COVID-19 cases, is expected to strengthen as vaccination proceeds and the pandemic is brought under control, and as…

Patrick Kirby, Collette Wheeler |

Regional growth is projected to slow sharply in 2020, to 0.5 percent—the lowest rate since 1967—reflecting the impact of pandemic-related lockdowns, tighter financing conditions, and a deep…

Ekaterine T. Vashakmadze |

The 2020 pandemic-fueled global recession is expected to be the deepest since World War II.

Justin-Damien Guénette |

Using the newly launched growth forecasts from the Global Economic Prospects , we can update the estimate of the pandemic on global poverty. The new growth forecasts contain two scenarios—baseline…

Daniel Gerszon Mahler, Christoph Lakner, R. Andres Castaneda Aguilar, Haoyu Wu |

Even with policy support, the economic repercussions of the coronavirus pandemic are expected to be long-lasting.

Dana Vorisek |