The great GDP contraction may herald huge crowding out

Gaps are emerging in the fiscal and monetary stimulus schemes that are cushioning the economic impacts of the pandemic

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COVID-19 crisis to trigger recession in Panama

The COVID-19 crisis has seen robust economic growth forecasts give way to expectations of recession

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Central banks worldwide have been researching how digital currencies could complement or replace traditional currencies

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Further pressure on the lira could add to economic difficulties, particularly managing twin public and external deficits

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Social unrest was already expected to see GDP shrink in 2020; COVID-19 all but guarantees a substantial decline

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Central European institutions have joined euro-area counterparts in aggressive monetary and fiscal easing

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Japan has not suffered the runaway spread of COVID-19 seen in Europe and the United States, but its economy is suffering

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LIBOR will be replaced by the end of 2021 but the transition is proving challenging

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Developing countries have less scope than developed markets to adjust economic and social policies to cope with COVID-19

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The Central Bank is predicting a contraction this year due to COVID-19 but a rebound next year

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