units: Global Economic Monitoring Branch (GEMB)
Global Economic Monitoring Branch (GEMB)
1 November 2021
Despite unemployment remaining above pre-pandemic levels, advanced economies are confronted with labour shortages. Ageing population, migration patterns, low wages and concerns about workplace safety explain the phenomenon.
1 October 2021
The October Monthly Briefing takes a closer look at the results of the most recent bank lending survey by the European Central Bank (ECB), which provides some insights into the shape of economic activity in the euro area.
1 September 2021
Unconventional monetary policy measures have played a crucial part in central banks’ responses to the COVID-19 pandemic. Large-scale quantitative easing has led to an unprecedented expansion of developed country central bank balanced sheets.
2 August 2021
The force of the US expansion is reverberating across the world through trade and financial channels. As the recovery picks up speed, concerns over rising inflation and interest rates in the US are increasing.
1 July 2021
Many developing countries, especially in sub-Saharan Africa and Latin America and the Caribbean, are not projected to recover to pre-pandemic output levels until 2023.
8 June 2021
Gender barriers perpetuate inequalities and hold back productivity growth, limiting the effectiveness of post-pandemic recovery policies. Post-pandemic public policy should urgently mainstream gender and address the crisis’ disproportionate impact on women.
11 May 2021
While the global growth outlook has improved, led by robust rebound in China and the United States, surging COVID-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy.
3 May 2021
Several contributing factors need to be reviewed to look into currently emerging inflationary pressures, including the oil market, grains market, base metal market, semiconductor chip shortage, international shipping, wages and monetary factors.
1 April 2021
Elevated inequalities place countries in a more vulnerable position to confront the pandemic. Going forward, fighting inequality will be crucial for reducing vulnerability to health and other emergencies and for enhancing the resilience of societies.