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Current Account Deficits

Strong Policy Action -- The Essence of Restoring Global Economic Hope

Olivier Blanchard | Posted 11.21.2011 | Business
Olivier Blanchard

The global economy has entered a dangerous new phase. The recovery has weakened considerably, and downside risks have increased sharply. Strong policies are urgently needed to improve the outlook and reduce risks.

The Emerging Bright Spot in Europe

Antonio Borges | Posted 07.18.2011 | Business
Antonio Borges

it will take a while before most crisis-hit countries will be able to reclaim the economic output that was lost as a result of the crisis. But things are definitely going in the right direction.

More, Not Less, Financial Integration Needed in Europe

Antonio Borges | Posted 07.12.2011 | Business
Antonio Borges

Banks -- and the loans they provided in the run-up to the crisis -- are at the heart of Europe's problems today. Policies to promote deeper integration of Europe's banks should be part of the solution.