World Bank Spring
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ECB’s Schnabel Sees Risk of Unanchored Inflation Views From War
Isabel Schnabel, executive board member of the European Central Bank, speaks at a Peterson Institute of Economics (PIIE) event during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Thursday, April 16, 2026. The International Monetary Fund downgraded its growth projection for the year after the war in the Middle East triggered a major oil shock and included the possibility of a downturn if the conflict drags on and energy infrastructure is...
IMF Chief, Venezuelan Officials Hold Talks on Economic Stability
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), at a news conference during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 17, 2026. The International Monetary Fund downgraded its growth projection for the year after the war in the Middle East triggered a major oil shock and included the possibility of a downturn if the conflict drags on and energy infrastructure is...
Remote work blamed for rise in unemployment rate for recent college grads
Remote work blamed for rise in unemployment rate for recent college grads These findings align with the current ‘low-hire, low-fire’ state of the job market - Bookmark The surge in remote work since the pandemic has made businesses less inclined to hire young, inexperienced staff, emerging as the primary factor behind elevated unemployment rates for recent college graduates, a new study has revealed. Published Monday by the Federal Reserve Bank of New York, the research compared occupations...
Why your grocery bill is still eye-watering — even though inflation is 'under control'?
Food inflation has fallen sharply from its 2023 peak — but European grocery prices are nearly a third higher than before the pandemic, and the reasons they stay high are structural. Inflation is down, the European Central Bank is (largely) satisfied and the knock-on effects of the Iran war are mostly being kept under control for now. So why does a trip to the supermarket still feel like a small act of financial self-harm?
Economy: why Poland is booming while eastern Germany falls behind
Eastern Germany risks falling behind, economists warn, while neighbours such as Poland are booming. What sets them apart, and what does the East need to turn things around? The 2026 Competitiveness Report for Eastern Germany warns this year that "the convergence process is in jeopardy".
Why is the USMNT playing meaningless friendlies ri...
The biggest FIFA World Cup in history is less than two weeks away. Over the course of 39 days, 103 crucial games -- and one meaningless third-place game -- will be played en route to deciding a global champion. So, what better way to lead into the festivities than with ... a bunch of friendly games that don't matter?
Warming unlocks ancient carbon in Tibetan permafrost, triggering climate tipping point
Warming unlocks ancient carbon in Tibetan permafrost, triggering climate tipping point Tejasri Gururaj Author Stephanie Baum Scientific Editor Robert Egan Associate Editor A new study in Nature Communications finds a critical climate tipping point in Tibetan permafrost ecosystems. Warming of 2–4 degrees Celsius triggers a self-reinforcing cycle of carbon release that could significantly accelerate climate change, according to the work. Permafrost covers roughly 15% of the Northern...
How Spain Avoided the Global Populist Backlash
As recently as five years ago, Spain was no one’s idea of an economic success story. Southern European countries have long been notorious for lagging behind their neighbors to the north. Portugal, Italy, Greece, and Spain were referred to by the intentionally unflattering nickname “PIGS” after they had to be bailed out following the 2008 financial crisis.
Goals dry up for South Korea's favourite Son ahead of World Cup
Goals dry up for South Korea's favourite Son ahead of World Cup SEOUL, June 1 : South Korean fans have long wondered who will provide the goals when Son Heung-min hangs up his boots, but if the 33-year-old striker's scoring slump continues heading into the World Cup some may feel now is the time to let someone else lead the line. Son has plenty of credit in the bank after carrying the national team on his shoulders for years and is likely to be the first name on coach Hong Myung-bo's team...
Germany: growth halves as state drives investment
The energy shock is further slowing economic growth and fuelling prices. The DIW institute has halved its growth forecast. Fiscal expansion may soften inflation but cannot fully offset it.