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Blog Post
March 15, 2023
The COVID-19 pandemic resulted in the deepest global recession since World War II. Countries across the world implemented substantial mitigation measures in response to the economic shock of the pandemic, with the size of the economic stimulus measures averaging about 5.6 percent of GDP. Social pro...
Blog Post
March 03, 2023
The COVID-19 pandemic led to a deep global recession as the virus rapidly spread and governments restricted movements. The economic shock was compounded by widespread uncertainty among businesses and concerns about the risks of increasing financial sector distress limiting access to credit.
WORKING PAPERS
March 03, 2023
This paper examines the impact of the COVID-19 crisis on the reallocation of economic activity across firms, and whether this reallocation depends on the competition environment. The paper uses the World Bank’s Enterprise Surveys COVID-19 Follow-up Surveys for about 8,000 firms, including both small...
Blog Post
January 13, 2023
The new year has hardly begun, but fears of a looming recession persist. Pandemic-era increases in health spending are unlikely to continue in low- and middle-income countries. Growing fiscal pressures—such as high debt, increasing interest rates, and declining foreign aid and revenues—bode ominous...
CGD NOTES
November 29, 2022
The importance of semiconductors to the functioning of so many activities was brought home when the COVID-19 pandemic disrupted production and trade. The shortage of semiconductors forced a cutback in the output of vehicles, consumer durables, and electronic equipment of all kinds, inflicting heavy ...