IMF Working Paper-Understanding the Macroeconomic Effects of Natural Disasters
you are currently viewing::IMF Working Paper-Understanding the Macroeconomic Effects of Natural DisastersFebruary 21, 2025-Summary As a result, output growth in AEs is not significantly affected by natural disasters. In contrast, the increase in government expenditure in emerging markets and developing countries (EMDEs) after a natural disaster is smaller and thus, unable to mitigate the contemporaneous negative effect on output growth (which mainly reflects the fall in investment in non-small-island EMDEs and in net exports in small-island EMDEs). In addition, the output recovery in the subsequent year does not fully offset the decline during the year of the disaster. Second, this paper assesses the role of pre-existing country characteristics in mitigating the adverse impact of natural disasters. The paper finds that small islands and countries with limited pre-disaster fiscal space tend to experience more significant declines in output growth following a natural disaster. Source: imf.org |
June 23, 2026--The top 10 emerging technologies of 2026 are:
1. Everything-to-grid energy
Everything-to-grid energy transforms buildings, vehicles and devices from passive electricity consumers into active grid resources, storing and returning power in real-time. New battery chemistries, smarter coordination software and updated compensation models are making this possible at scale.
June 23, 2026-Low-tech, low-cost strategies could prevent 400 million falls at home, 8.5 million new type 2 diabetes cases and 2.4 million dementia cases by 2040, while unlocking $5.8 trillion in healthcare savings and $645 billion in productivity gains. Yet much of that opportunity remains unrealized because governments and businesses manage health, finances and labour participation separately, a new World Economic Forum report finds.
June 22, 2026--China is challenging US leadership in both AI hardware and software, with Europe unlikely to catch up
Despite Chinese progress, the United States remains for now ahead in the race for dominance over the so-called artificial intelligence hardware stack -the resources and equipment, especially semiconductors, needed to run AI models.
July 20, 2026--Six months ago, the prevailing view for 2026 was that the global economy would simply muddle through. We largely agreed, while noting that the margin for error looked unusually thin. So far, that assessment has held, although it has been tested repeatedly.
June 8, 2026-Marine ecosystems continue to degrade under pressure from warming seas, rising tides, pollution and overuse, undermining the long-term well-being of the communities and economies that depend on them. This report examines how to shift from the status quo- which perpetuates this decline -towards a regenerative blue economy.
June 4, 2026-The period spanning 2025 and early 2026 marked a turning point for the global trade and financial systems as states deployed economic statecraft on a scale not seen in the modern era, accelerating and deepening fragmentation.
This insight report offers new quantitative analysis that measures the economic drag of current trade and financial policies as well as the potential cost of an increasingly plausible worst-case scenario.
May 29, 2026--Overview
Global manufacturing activity gained some momentum in April and May, supported partly by stockpiling, but services activity remained subdued.
The conflict in the Middle East has increased transport costs and delivery times, with supply chain pressures in April reaching their highest levels since the COVID-19 period.
May 18, 2026-Advancing women's health requires not only scientific progress but an innovation ecosystem capable of translating discovery into evidence, technologies and scalable solutions that improve outcomes for women globally. Yet, despite growing attention, the landscape remains fragmented, and many high-impact conditions continue to receive insufficient targeted innovation.