22-May-2020
English
It is a pleasure to participate in this virtual meeting of the Inter-American Dialogue. I would like to thank Michael Shifter and the Inter-American Dialogue for organising this meeting at such a crucial moment for our economies, our societies and for humanity.
19-May-2020
English
We are currently facing one of the biggest health and economic crises in history. It is costing many lives, and threatening the stability of our democracies, our economies and our societies, with developing countries likely to be hit the hardest.
13-May-2020
English, PDF, 523kb
The Covid-19 pandemic is having a significant impact on the economy
12-May-2020
English
The COVID-19 pandemic is causing large-scale loss of life and severe human suffering. Economic contagion is also spreading fast. This double shock could be devastating if we do not act quickly, effectively and in a coordinated manner.
30-April-2020
English
COVID-19 has taken a terrible human toll and the necessary containment measures have devastated our economies and societies. We have calculated a 2 percentage points fall in global annual GDP growth per month of confinement, but this is an optimistic assumption now.
24-April-2020
English
In light of the economic crisis it has triggered - which the OECD estimated at a loss of 2pc of annual GDP per month of confinement - I commend the Presidency for calling this meeting.
23-April-2020
English
COVID-19 has taken a terrible human toll and brought our globalised economy to a near standstill. The OECD estimates a loss of 2 percentage points in this year’s GDP growth, per every month of confinement. The pandemic became an economic crisis and will have long-lasting impacts in our labour markets, and in our social fabric.
21-April-2020
English
The OECD estimates the impact of the crisis at a loss of 2 percent per month of confinement in annual GDP growth in 2020. Many economies are heading into deep recession.
17-April-2020
English
2020 IMF and World Bank Spring Meetings: Written Statement to the Development Committee
16-April-2020
English
This crisis comes against the backdrop of strained global trade, stagnating global growth, protracted conflict and climate-related crises – not to mention the constrained fiscal space and existing challenges in the health and social structures in many countries.