Europe: How it can turn adversity to advantage
Finance & Development, June 2025
Europe faces the most daunting set of challenges since the Cold War, including Russia's invasion of Ukraine and pressure on the transatlantic alliance. Economic growth is weak, public finances are strained, and demographic decline threatens future prosperity. Yet as this issue of F&D magazine explains, Europe's history shows that the continent can turn adversity to advantage.
Charting a Path through the Haze
Middle East and Central Asia Regional Economic Outlook
Rising trade tensions, global policy uncertainty, and regional conflicts are presenting challenges to economies in the Middle East and North Africa and Caucasus and Central Asia regions. Policymakers must adapt to this new environment, prioritizing macroeconomic stability and accelerating structural reforms.
A Critical Juncture amid Policy Shifts
World Economic Outlook, April 2025
The latest World Economic Outlook reports falling global growth and declining global inflation. Downside risks dominate amid elevated uncertainty and major policy shifts. See the latest projections and read the full report.
Enhancing Resilience amid Uncertainty
Global Financial Stability Report
Global financial stability risks have increased significantly, driven by tighter global financial conditions and heightened trade and geopolitical uncertainty. Read the latest Global Financial Stability Report.
Fiscal Policy under Uncertainty
Fiscal Monitor, April 2025
Escalating uncertainty and policy shifts are reshaping the fiscal outlook. Global public debt projections have been revised upwards, while tariffs, market volatility, increased defense spending, and challenging foreign aid are intensifying risks.
Recovery Interrupted
Sub-Saharan Africa Regional Economic Outlook
A hard-won recovery in sub-Saharan Africa has been overtaken by recent events. The sudden shift in the global outlook has clouded the region’s short-term prospects and made policy even more challenging. Find out more in the latest Regional Economic Outlook for Sub-Saharan Africa.
Anchoring Stability and Promoting Balanced Growth
The Managing Director's Global Policy Agenda
The world economy is at a pivotal juncture. Find out the key policy priorities for the global economy in the lastest Managing Director's Global Policy Agenda.
Navigating Trade-Offs between Price and Financial Stability in Times of High Inflation
Staff Discussion Note
Central banks balancing inflation control and financial stability may use liquidity tools, but constraints can limit effectiveness. In high-stress cases, they should allow gradual disinflation and communicate temporary inflation target deviations. Weak economies may need FX interventions and capital measures.
Inflation and Bank Profits: Monetary Policy Trade-offs
Staff Discussion Note
Central banks worldwide are drawing lessons from the recent inflationary episode to improve their monetary policy frameworks. Assessing how banks performed in past inflationary periods, this Staff Discussion Note sheds light on price-financial stability tradeoffs, by assessing how banks performed in past inflationary periods.
Green Jobs and the Future of Work for Women and Men
The shift to green jobs hinges on climate policies and workers' adaptability. Economies with more STEM-educated workers and gender equality transition faster. Gender wage gaps persist, emphasizing the need for inclusive policies. AI could benefit workers in green jobs.
IMF Annual Report 2024: Resilience in the Face of Change
The report showcases IMF's efforts on global challenges, such as safeguarding macroeconomic stability, achieving fiscal sustainability, meeting inflation targets, and embracing transformative developments. It includes financial statements for FY 2024 and background documentation.
