We build the first global quarterly narrative database of discretionary government spending actions by applying a fixed GPT–4 ...

China's more proactive fiscal policy this year is marked by expanded funding, robust policy support and enhanced coordination, aimed at effectively mitigating short-term fluctuations and strengthening ...

Inflation and its consequences for growth are a growing concern for countries where memories of the 2022 energy crisis are ...

The surge in UK gilt yields on the back of the Iran war could cost Chancellor of the Exchequer Rachel Reeves more than a 10th of her fiscal buffer by increasing the cost of servicing government debt, ...

Global growth is projected at 3.0 percent for 2025 and 3.1 percent in 2026, an upward revision from the April 2025 World Economic Outlook. This reflects front-loading ahead of tariffs, lower effective ...

A news conference on China's economic policies gets underway on Friday in Beijing during the fourth session of the 14th National People's Congress, China's top legislature. Wang Xi/Xinhua China is ...

Investing in the early years is one of the smartest things a country can do to eliminate extreme poverty, boost shared prosperity, and create the human capital needed for economies to diversify and ...

Indonesia could face a sharp fiscal squeeze if the US-Israel war on Iran pushes oil prices higher, analysts warn, as this risks inflating the country’s fuel subsidy bill at a time when global ratings ...

Chancellor of the Exchequer Rachel Reeves said she is drawing up plans to give regional leaders in the UK control of some national tax revenues, as part of her push to raise economic growth across ...

Three charts show the extent of the U.K. government's borrowing woes.

The UK’s Spring Forecast projected modest growth, easing inflation, and improving public finances—but fresh uncertainty from the US-Iran conflict and rising energy prices may already have thrown those ...

Much of today’s economic debate is plagued by a basic category error. Policymakers, commentators and even central bankers talk endlessly about inflation, when what ...