Europe’s consumers are sitting on 1 trillion euros in pandemic savings

By Thomas McGregor, Nujin Suphaphiphat and Frederik Toscani In ordinary times, Europeans save around 12 percent of their income. But as families stayed at home and furlough schemes supported...

Latin America’s strong recovery is losing momentum, underscoring reform needs

By Ilan Goldfajn, Anna Ivanova and Jorge Roldos Economies in Latin American and the Caribbean are losing steam after making a strong comeback last year. After a dramatic economic...

A disrupted global recovery

By Gita Gopinath The continuing global recovery faces multiple challenges as the pandemic enters its third year. The rapid spread of the Omicron variant has led...