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Private-debt risks are hiding in plain sight

The pandemic recovery has always been uneven. According to analysis based on the International Monetary Fund’s most recent World Economic Outlook, per capita income hit a new high in almost 37% of advanced economies in 2021. ....

South Africa , World Bank Pulse Enterprise , Mastercard Economics Institute , International Monetary Fund , World Bank , World Development , Business Pulse Survey Dashboard , World Economic Outlook , World Bank Pulse Enterprise Survey , Emerging Markets Report Financial , Emerging Markets Report Financial Vulnerability , Pulse Survey Dashboard , Central Asia , Development Report ,

Taking the pulse of business: COVID recovery and policy implications

As the global economy gradually finds its way out of the COVID-19 pandemic, we are reminded each day of the fragility of recovery – threatened by new variants, outbreaks, and case spikes. ....

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Policy support can help firms weather COVID-19, but reach and targeting must be improved

Policy support can help firms weather COVID-19, but reach and targeting must be improved
Photo: Dominic Chavez / IFC
Firms and workers continue to be deeply impacted by the COVID-19 pandemic as it enters its eleventh month. Building on insights from COVID-19 Business Pulse Surveys, the first blog post in this series described the implications of the crisis for firm sales, employment, and financial performance, while the second discussed record levels of uncertainty and firms’ coping strategies, including adoption of digital technology. This third and final part of the series focuses on public policy responses.
While developing countries acted rapidly to support firms, their response is a small fraction of what has been provided in high income countries. Since the onset of the crisis, governments in 135 countries have implemented 1,600 measures directly aimed at supporting firms and SMEs, of which 995 were in developing countries. More than three quarters of these mea ....

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