Growth slows as economies grapple with supply disruptions, higher inflation, record debt and persistent uncertainty. The continuing global recovery faces multiple challenges as the pandemic enters its third year. The rapid spread of the Omicron variant has led to renewed mobility restrictions in many countries and increased labor shortages. Supply disruptions still weigh on activity

Ghana: Economist projects 95% debt-to-GDP ratio by 2025 if… Economist and Associate Professor at the Niagara University in Canada, Dr Dennis Nsafoah, has projected a debt-to-GDP ratio of 95% for Ghana by end-2025. According to Dr Nsafoah, his projection is premised on the basis that government fails to achieve its medium term targets laid out

Former Finance Minister, Seth Terkper, has said government’s proposed Electronic Levy (E-Levy) will distort the tax structure, arguing that it will lead to paying double tax and also result in paying taxes on savings, which is inappropriate. He said the situation will lead to the avoidance of tax where people will be seen going back

The COVID-19 pandemic has impacted the lives and health of millions of people, and will have long-term economic and social effects globally. The latest World Bank global economy forecast shows that GDP projections have been revised downward and governments around the world are facing serious challenges in their efforts to reduce poverty and create jobs. The International

Even before the pandemic, fragile and conflict-affected states (FCS) already confronted some of the greatest challenges among the world’s economies. While not all FCS face active conflict, most are at risk: global levels of violence are at a 30-year high and more than 80 million people had been forcefully displaced prior to the discovery of the coronavirus. Now, the continuing

A proposed $50-billion trust fund could help low-income and vulnerable middle-income countries build resilience to balance of payments shocks and ensure a sustainable recovery. Even as countries continue to battle COVID-19, it is crucial not to overlook the longer-term challenge of transforming economies to become more resilient to shocks and achieve sustainable and inclusive growth.

In the US and UK, the recent labor market puzzle can be partly explained by mismatch, the pandemic’s effect on women (in the US) and older workers leaving the work force. Almost two years after the pandemic upended labor markets, job openings are plentiful in many advanced economies, yet workers have not fully returned. The

After rebounding to an estimated 5.5 percent in 2021, global growth is expected to decelerate markedly in 2022—to 4.1 percent, reflecting continued COVID-19 flare-ups, diminished fiscal support, and lingering supply bottlenecks. Although output and investment in advanced economies are projected to return to pre-pandemic trends next year, they will remain below in emerging market and