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'Soft Landing' Prospects Improve With Better Central-Bank Messaging, IMF Says

'Soft Landing' Prospects Improve With Better Central-Bank Messaging, IMF Says
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Silvia Albrizio , John Bluedorn , Christoffer Koch , Philippe Wingender , Allan Dizioli , Federal Reserve , International Monetary Fund , Read More On Central Bank Communication , International Monetary , World Economic Outlook , Central Bank Communication , Dickens Are Haldane ,

Slow-Healing Scars: The Pandemics Legacy


Recessions wreak havoc and the damage is often long-lived. Businesses shut down, investment spending is cut, and people out of work can lose skills and motivation as the months stretch on. But the recession brought on by the COVID-19 pandemic is no ordinary recession. Compared to previous global crises, the contraction was sudden and deep - using quarterly data, global output declined about three times as much as in the global financial crisis, in half the time.
We expect world output in the medium-term to be about 3 percent lower in 2024 than pre-pandemic projections.
Systemic financial stress - associated with long-lasting economic damage - has been largely avoided so far, owing to the unprecedented policy actions taken. However, the path to recovery remains challenging, especially for countries with limited fiscal space, and is made harder by the differential impact of the pandemic. ....

Marina Conesa Martinez , Futoshi Narita , Allan Dizioli , Giacomo Magistretti , Evgenia Pugacheva , Philip Barrett , Philippe Wingender , Jungjin Lee , Sonali Das , Savannah Newman , Mariya Brussevich , Srijoni Banerjee , International Monetary Fund , International Monetary , Pacific Islands , World Economic Outlook , Medium Term Economic Damage , Weicheng Lian , பிலிப் பாரெட் , சொனாலி தாஸ் , சர்வதேச பண நிதி , சர்வதேச பண , பெஸிஃபிக் தீவுகள் , உலகம் பொருளாதார ஔட்‌லுக் ,