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IMF Growth projections for all regions fell in the April and June 2020 estimates (versus January), then remained similar in October. All regions are projected to be negative now

Six Takeaways from the New Growth Forecasts from the IMF and the World Bank

This week the IMF released new global economic growth projections in the face of COVID-19, updating their earlier projections from June and from April before that. In recent weeks, the World Bank has also released new projections for various regions. Here are six takeaways that we gleaned from reviewing those and dozens of other projections from other organizations over the course of the year.

The IMF on Protecting the Poor during Fiscal “Consolidations”: Better Late Than Never

Inequality and inclusive growth were high on the agenda of the Annual Meetings of the International Monetary Fund and World Bank earlier this month. We are glad about that, but the under-reported story here is that this prominence marks a dramatic shift in the IMF over the last two decades in the IMF’s approach to the relevant challenges for the poorest countries, including on the issue of social safety nets and social expenditures.