The Asia-Pacific region is recovering from its worst recession in living memory. Our latest Regional Economic Outlook shows that a recovery started
It’s not enough to build infrastructure assets that produce electricity, provide safe drinking water, or facilitate transport
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The war in Ukraine and resulting increase in commodity prices are expected to contribute to a further widening this year.
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New investment in Russia through China’s Belt and Road Initiative (BRI) fell to zero in the first half of 2022, while Chinese outlays in Pakistan dropped by 56 percent during the same period.
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Moving shipping containers from China through Russia to the European Union became a vital part of Beijing's Belt and Road Initiative (BRI), but Moscow’s invasion of Ukraine and the Western sanctions that followed have forced China to search for alternatives.
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Ukraine's harvested crops risk rotting in silos or ships after Russia's February invasion, triggering fears of worsening global hunger.
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Officially recorded remittance flows to low- and middle-income countries (LMICs) are expected to increase by 4.2 percent this year to reach $630 billion
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Brent oil pushed higher as European oil giant Shell Plc announced it will stop buying Russian crude and the International Energy Agency said it was disappointed in the actions producers have taken in the market so far.
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The Treasury Department this week reported that the total national debt of the United States surpassed $30 trillion for the first time in history, an amount equal to nearly 130% of America's yearly economic output, known as gross domestic product
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Record debt and deficits during the pandemic prompted many nations to suspend their fiscal rules.
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The chart of the week shows how surging energy costs have boosted inflation, especially in Europe, after fossil-fuel prices nearly doubled in the past year. Rising food prices have also helped to boost inflation.
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