By the International Monetary Fund Extraordinary policy measures have eased financial conditions and supported the economy, helping to contain financial stability risks. But actions taken during the pandemic may have unintended consequences such as stretched valuations and rising financial vulnerabilities. The recovery is expected to be asynchronous and divergent between advanced and emerging market economies.[…]

By the International Monetary Fund Global prospects remain highly uncertain one year into the pandemic. New virus mutations and the accumulating human toll raise concerns, even as growing vaccine coverage lifts sentiment. Economic recoveries are diverging across countries and sectors, reflecting variation in pandemic-induced disruptions and the extent of policy support. The outlook depends not[…]

By Ryan Niladri Banerjee, Joseph Noss and Jose María Vidal Pastor Key takeaways Since the start of the Covid-19 pandemic, a “bankruptcy gap” has emerged between measures of expected and realised bankruptcies globally. The ample supply of credit to make up for short-term losses has been an important factor decoupling bankruptcies from the sharp reduction[…]

By Emine Boz, Camila Casas, Georgios Georgiadis, Gita Gopinath, Helena Le Mezo, Arnaud Mehl and Tra Nguyen Authors Emine Boz, Camila Casas, Georgios Georgiadis, Gita Gopinath, Helena Le Mezo, Arnaud Mehl and Tra Nguyen conducted an extensive data-gathering exercise to build the world’s most complete database on trade invoicing. As well as filling an empirical[…]