Turmoil in the Middle East has injected huge uncertainty into oil markets. Could unrest spread to Saudi Arabia, Iran, or others in the region and disrupt oil supplies? What will be the consequences for the global recovery? What can policy makers do? […]
For primarily political reasons, the fiscal policies of the United States and the United Kingdom diverged dramatically in 2010, as British leaders introduced a harsh austerity program while U.S. policy makers agreed to extend tax cuts. […]
The economic costs of the Japanese earthquake will be major, but are unlikely to derail the Japanese or global recovery. However, a number of risks—beginning with unresolved nuclear crisis—could worsen the outcome considerably. […]
In order to prevent another boom-bust episode—this time in developing countries—policy makers must act soon to cool the rising temperatures in several rapidly growing emerging markets. […]
Economic growth in Africa has accelerated remarkably since the turn of the century, reflecting a rise in commodity prices as well as better macroeconomic policies, increased openness, and fewer conflicts. […]
After stagnating for decades, economic growth in Africa has accelerated, but maintaining this rapid growth is far from guaranteed. Policy makers must build on past successes and tackle tough reforms before the world’s poorest continent can make sustained economic progress. […]
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