Global economic development has long been propelled by the mass production and consumption of raw materials—for food, energy, shelter, and all the comforts of modern civilization. Even as the human population...
Global activity is now moderating from a strong rebound following the pandemic recession. Inflation has risen to become a central concern, with global financial conditions tightening as central banks act...
This paper presents a comprehensive analysis of the impact of COVID-19 on debt, puts recent debt developments and prospects in historical context, and analyzes new policy challenges associated with debt...
Oil prices saw sharp moves in June and July because of both demand and production factors. The price of Brent crude oil averaged at US73 dollars/bbl in June, marking a seven percent increase from May and...
Oil prices saw sharp moves in June and July because of both demand and production factors. The price of Brent crude oil averaged at US73 dollars/bbl in June, marking a seven percent increase from May and...
In May 2021, crude oil prices rose by 5 percent and continued to increase in June. The global economy continues to recover, with global growth expected to reach 5.6 percent in 2021. The number of new COVID-19...
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major...
In May 2021, crude oil prices rose by 5 percent and continued to increase in June. The global economy continues to recover, with global growth expected to reach 5.6 percent in 2021. The number of new COVID-19...
The recovery in oil prices continues, with the price of Brent crude oil reaching in March an increase of more than thirty percent since the start of 2021. However, prices subsequently declined, with Brent...
The recovery in oil prices continues, with the price of Brent crude oil reaching in March an increase of more than thirty percent since the start of 2021. However, prices subsequently declined, with Brent...
Although the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued, and global GDP is projected to remain well below its pre-pandemic trend for a prolonged...
The OPEC+ decision to delay an easing of production cuts in February and March supported oil prices, with crude oil prices rising 15 percent in December and continuing to strengthen in January. The start...
Waves of debt accumulation have been a recurrent feature of the global economy over the past 50 years. In emerging market and developing economies, there have been four major debt waves since 1970. The...
The OPEC+ decision to delay an easing of production cuts in February and March supported oil prices, with crude oil prices rising 15 percent in December and continuing to strengthen in January. The start...
Following the collapse in output in the second quarter of 2020, the strength of the global rebound is quickly fading as persistently high new daily COVID-19 cases hinder activity. The global composite...
Following the collapse in output in the second quarter of 2020, the strength of the global rebound is quickly fading as persistently high new daily COVID-19 cases hinder activity. The global composite...
The outbreak of COVID-19 and the wide-ranging measures needed to slow its advance triggered an unprecedented collapse in oil demand, a surge in oil inventories, and a record one-month decline in oil prices...
The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented...
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically...
This paper presents estimates of time-varying income elasticities of demand for energy and metal commodities. The analysis finds that the elasticities are close to unity, evaluated at world median per...