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Four charts showing lower but rising daily cases and deaths in EMDEs, along with higher lockdown stringency and lower mobility

As the Pandemic Surges in Poor Countries, Why Does the IMF Still Forecast a Milder Economic Crisis for Them?

Last week, the IMF revised the post-COVID growth forecasts it had made originally in the April World Economic Outlook (WEO). The April growth forecasts numbers projected a significantly more optimistic outlook for EMDEs compared with advanced economies. It turns out that the latest June forecast maintains this relative optimism for EMDEs.

Picking a New IMF Chief: Place Your Bets!

The great thing about opinion polls in a democracy is that they tell you both who should become, for example, President of the United States, and who likely will become President. "Is" and "ought" are conveniently aligned when the majority rules. The IMF is not a democracy, and the majority of the world's population has historically had no real say in choosing the Managing Director; since 1946 all ten IMF chiefs have hailed from Europe.