Global uncertainty reached unprecedented levels at the beginning of the Covid-19 outbreak and it remains elevated. We find that, since 2008, economic policy uncertainty in the United States has been at a level approximately two times its long run average. September 2019. We extend our approach to other countries, finding elevated levels of economic policy uncertainty abroad, as well. Annual and spring meetings; RELATED LINKS . We develop a new method to measure economic policy uncertainty and test its dynamic relationship with output, investment, and employment. The global GDP (gross domestic product) for 2022 is seen increasing by 4.4%, higher than an earlier estimate of 4.2%. Global uncertainty reached unprecedented levels at the beginning of the COVID-19 outbreak and remains elevated. We extend our approach to other countries, finding elevated levels of economic policy uncertainty abroad, as well. IMF Blog. The global economy is expected to expand by 6 percent this year, up from a previous projection of 5.5 percent, after a contraction of 3.3 percent in 2020. The International Monetary Fund raised the global growth forecasts on Tuesday amid high uncertainty and warned of divergent impacts from the Covid-19 … * The views expressed on this website are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. Replication files of the mimeo. Articles January 2021. About the index The World Uncertainty Index is a new measure that tracks uncertainty across the globe by text mining the country reports of the Economist Intelligence Unit. The World Uncertainty Index — a quarterly measure of global economic and policy uncertainty covering 143 countries — shows that although uncertainty has come down by about 60% from the peak observed at the onset of the Covid-19 pandemic in the first quarter of 2020, it … We develop a new method to measure economic policy uncertainty and test its dynamic relationship with output, investment, and employment. Analytical Corner: The World Uncertainty Index SPEAKERS . World Uncertainty Index. World Bank Group/IMF … April 2020. "Global Uncertainty Related to Coronavirus at Record High".March 2020. "What the Continued Global Uncertainty Means for You". IMF Blog. IMF Blog. The paper November 2018. Mimeo. International Monetary Fund (IMF) ... with the pan-Europe STOXX 600 index up 0.74% on the day. “Even with high uncertainty about the path of the pandemic, a way out of this health and economic crisis is increasingly visible,” Gita Gopinath, the IMF’s chief economist, said in the latest World Economic Outlook report. "60 Years of Uncertainty". World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery June 24, 2020 Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. Finance & Development. We find that, since 2008, economic policy uncertainty in the United States has been at a level approximately two times its long run average. Joy De Vera, Communications Department IMF; Hites Ahir, Research Department IMF; Davide Furceri, Research Department IMF; CATEGORIES .