Geo-Economics and Politics
From stagflation to debt crises: What history tells us
The global economy faces slowing growth and rising inflation prompting concerns of a return to the stagflation and debt crises of the 1970s and 1980s.
M. Ayhan Kose is Director of the World Bank Development Prospects Group. He is also a Nonresident Senior Fellow at the Brookings Institution and a Research Fellow at the Center for Economic Policy Research (CEPR). He was previously Assistant to the Director of the Research Department and Deputy Chief of the Multilateral Surveillance Division in the International Monetary Fund.
Most Popular
Trade and Investment
Una crisis mundial de los productos básicos sin paralelo
La guerra ha generado la mayor crisis de los precios de los productos básicos que hayamos experimentado desde la década de 1970. Es probable que el crecimiento mundial en 2022 disminuya e...
Trade and Investment
How can the world overcome the biggest global commodity shock in decades?
The war in Ukraine delivered the biggest commodity-price shock since the 1970s. But production and consumption patterns could change for the better.
Financial and Monetary Systems
How can developing economies recover from the pandemic?
Evidence suggests that medium-term growth prospects are dimming, as inflation helps reduce debt for developing economies only in certain circumstances.
Geo-Economics and Politics
What can be done about COVID-19 debt surges
2020 saw the largest single-year surge in global debt since at least 1970, as a result of the global pandemic. So, what can policymakers do?
Business
This is how important the US is to the global economy
New research looks at the links between the US and global economy.