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Fiscal Monitor, April 2025
This chapter uses novel datasets and real-time sentiment analysis to highlight the importance of design, timing, and communication strategies for reform success, emphasizing governance, trust, and political commitment in challenging macroeconomic environments.
World Economic Outlook, April 2025
Chapter 2 examines the global implications of population aging, focusing on healthy-aging trends. It highlights policies that improve the human capital of older workers and increase labor force participation to boost growth and rebuild fiscal buffers amid demographic headwinds.
Chapter 3 explores how policies to manage legal inflows of migrants and refugees can have important spillovers to other economies. It highlights the importance of improving the integration of newcomers, minimizing skills mismatches, and boosting public and private investment.
Global Financial Stability Report
Chapter 2 of the April 2025 Global Financial Stability Report shows that major geopolitical risk events, especially military conflicts, can lead to a significant decline in stock prices and increase in sovereign risk premiums, potentially threatening macro-financial stability.
Staff Discussion Note
Central banks balancing inflation control and financial stability may use liquidity tools, but constraints can limit effectiveness. In high-stress cases, they should allow gradual disinflation and communicate temporary inflation target deviations. Weak economies may need FX interventions and capital measures.
F&D Magazine
Talent is one of the world’s most valuable resources. Countries that identify and nurture the best minds gain a competitive edge. Those that fail to do so don’t just slow their own progress—the world loses out, too. F&D magazine’s March issue examines the role of global talent and human capital through a macroeconomic lens.
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April 2025
Chapter 2: The Rise of the Silver Economy: Global Implications of Population Aging; Chapter 3: Journeys and Junctions: Spillovers from Migration and Refugee Policies
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Chapter 2: Geopolitical Risks: Implications for Asset Prices and Financial Stability
Chapter 2: Public Sentiment Matters: The Essence of Successful Energy Subsidies and Pension Reforms
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Resilience in the Face of Change
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Secure A Soft Landing And Break From The Low Growth–High Debt Path
The Talent Equation
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External Rebalancing in Turbulent Times
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