Rappler's latest stories on world economy
(UPDATED) The 'massive fiscal response' to the coronavirus pandemic leads to 'global public debt reaching its highest level in recorded history.' But the International Monetary Fund says the spending shouldn't be stopped too soon.
'Investors seem to be betting that lasting strong support from central banks will sustain a quick recovery even as economic data point to a deeper-than-expected downturn,' says the International Monetary Fund
International Monetary Fund chief economist Gita Gopinath urges countries to be 'collaborative' amid the global crisis
(UPDATED) The International Monetary Fund acknowledges the high levels of uncertainty as the coronavirus pandemic ravages the global economy
(UPDATED) The International Monetary Fund estimates the coronavirus crisis will destroy $12 trillion over two years, leaving lasting scars on employment, businesses, and trade
Advanced and emerging market economies are seeing a larger impact in services, says International Monetary Fund chief economist Gita Gopinath
International Monetary Fund chief Kristalina Georgieva warns countries not to withdraw stimulus measures 'too quickly'
The Organisation for Economic Co-operation and Development says the global economy could shrink by as much as 7.6% if a second wave of contagion happens later in the year
(3rd UPDATE) The World Bank sees the global economy shrinking by 5.2% in 2020, with the coronavirus pandemic to drive up to 100 million people into extreme poverty
What keeps World Bank President David Malpass up at night? 'Not enough resources,' he says.
The coronavirus pandemic could erase 'all the progress made in poverty alleviation in the past 3 years'
(UPDATED) Company risk managers surveyed by the World Economic Forum fear an extended downturn and bankruptcies as a result of the coronavirus pandemic
$8.8 trillion would be equivalent to 9.7% of global gross domestic product
World Trade Organization Director-General Roberto Azevedo says his resignation, effective August 31, is a 'personal decision' reached with his family
How will different countries recover from the economic impact of the coronavirus pandemic? These are the scenarios.
The International Monetary Fund notes that incoming economic data for many countries is even below the IMF's 'already pessimistic assessment'
Here is a summary of the financing available from the International Monetary Fund and World Bank for countries battling the coronavirus pandemic
'Speed of action is of [the] essence in the crisis that has moved so rapidly and is so deep,' says International Monetary Fund Managing Director Kristalina Georgieva
The leaders of the world's most advanced economies are looking for a way to end the economic paralysis
The economic outlook of the International Monetary Fund for 2020 is already bleak, but possibly not the worst yet
(UPDATED) The International Monetary Fund warns there are 'severe risks of a worse outcome' for the global economy as the coronavirus pandemic unfolds
As the world deals with the crushing economic impact of the coronavirus pandemic, here is a look back at the Great Depression of the 1930s
(3rd UPDATE) 'This crisis knows no boundaries. Everybody hurts,' says International Monetary Fund Managing Director Kristalina Georgieva
With none of the world's regions set to escape unscathed, the recession could well last longer than some have so far expected
The Asian Development Bank says this may even be an underestimate, since the severity of the coronavirus pandemic remains uncertain
India will be the largest beneficiary of the first wave of programs with a facility for $1 billion, followed by Pakistan with $200 million and Afghanistan with a little over $100 million
(UPDATED) International Monetary Fund chief Kristalina Georgieva says 'it is clear that we have entered a recession' that will be worse than in 2009 following the global financial crisis
'It is now evident that pandemic mitigation efforts and lockdowns around the world will have devastating effects on all economies,' say United Nations economists
The coronavirus pandemic is wreaking havoc on the global economy. Here are the key concerns.
The International Monetary Fund says the outlook for 2020 'is negative – a recession at least as bad as during the global financial crisis or worse'
Angel Gurria says governments' coordination to fight the coronavirus pandemic should exceed the Marshall Plan, which rebuilt Europe after World War II
Economist Ian Goldin says countries must cooperate to find a way out of the coronavirus crisis. But he asks, 'Is the world capable of developing a coordinated action plan?'
Starting on Monday, March 23, certain dollar liquidity operations among the banks will occur daily rather than weekly
The United Nations estimates up to 25 million more people may become unemployed and workers may lose as much as $3.4 trillion in income due to the coronavirus pandemic
Britain, Canada, France, Germany, Italy, Japan, and the United States 'resolve to coordinate measures...to achieve strong growth in the G7 economies'
'There is a lot more work to do,' says International Monetary Fund Managing Director Kristalina Georgieva
'No country can face it alone,' says United Nations Secretary-General Antonio Guterres, as the coronavirus 'infects' the global economy
There has been no collective response on how to shield global growth from the coronavirus pandemic, and globalization itself is ailing
'This is not something that stops at national borders, we need to work together,' says International Monetary Fund spokesman Gerry Rice
The International Monetary Fund instructs its employees to work from home on Friday, March 13, as part of 'crisis preparedness efforts'
(UPDATED) The International Monetary Fund urges policymakers to help households and businesses through a 'coordinated, international response'
Loss of consumer and investor confidence, a slowdown of global demand, swelling debt, and widespread market anxiety are just some of the issues clouding the global economic horizon
United Nations economists warn that regardless of how quickly the coronavirus outbreak lasts, it would significantly drag down global foreign direct investments
As the novel coronavirus spreads, here are some of the responses by monetary policymakers in North America, Asia, and Europe
United Nations economists say manufacturing disruptions in China are 'expected to have repercussions elsewhere through regional and global value chains'
(UPDATED) 'At a time of uncertainty...it is better to do more than to do not enough,' says International Monetary Fund Managing Director Kristalina Georgieva
'Given growing health concerns related to the virus,' the April 16 to 18 meetings of the International Monetary Fund and World Bank will be done in a 'virtual format'
'Output contractions in China are being felt around the world,' says the 36-member OECD, also warning that the novel coronavirus 'would weaken prospects considerably' if it is prolonged
The novel coronavirus puts the global economy at the greatest risk of recession since the 2008 financial crisis