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.

With rapidly rising government debt and ageing populations implying high contingent liabilities in public pension systems, the issue of longer-term fiscal developments is gaining importance. The question arises whether, and to what extent, future generations will be burdened by current policies....