The war in Ukraine slows the global recovery. This article briefly presents the IMF’s growth forecasts for 2022 and 2023. In addition to addressing the immediate challenges of the war and the pandemic, it also highlights the need for continued, focused longer-term economic policies,...

The Covid-19 pandemic caused a severe economic downturn worldwide in 2020. This article briefly presents the IMF’s first growth forecasts for 2021 and 2022, and highlights the necessity of continued economic and health policy supports for a rapid recovery from the pandemic recession.

Launched in 2014, the "Make in India" initiative aims to revitalize the manufacturing sector and includes heterogeneous measures that "simultaneously" support industries at different stages of development, from labor- and capital-intensive to high-tech industries and advanced services. Among...

The coronavirus pandemic poses major challenges for governments. Especially in the beginning when news of the virus was breaking, information about the virus was limited. Many minor (e.g., facemasks) and major (e.g., curfews) restrictions were implemented to contain the virus. However, the...