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Downside Risks

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 Two Rebalancing Acts

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

Achieving a "strong, balanced, and sustained world recovery"--to quote from the goal set in Pittsburgh by the G-20--was never going to be easy. It req...