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Fiscal risks are abating somewhat but remain elevated. In advanced economies, recent policy moves have broadly stabilized public debt ratios, but medium-term pr

The global economy remains fragile at this time. While the recovery in advanced economies is softening, many emerging market and developing economies have exper

At the global level, inequality has declined substantially over the past three decades, but within national boundaries, the picture is mixed: some countries hav

Fiscal risks remain significant in both advanced and emerging market and developing economies. Fiscal policy continues to play an essential role in building con

The report explores how fiscal policy can foster resilience by protecting households against large income and employment losses. Governments face increasingly d