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…

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…

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…

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…

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.

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…

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…

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

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…

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