Box 1.1 How has the pandemic made the fourth wave of debt more dangerous? ..........12
Box 1.2 Recent developments and outlook for low-income countries .......28
Box 1.3 Regional perspectives: Recent developments and outlook............35
Box 1.4 Global growth scenarios .............39
East Asia and Pacific ............67
Europe and Central Asia ......73
Latin America and the Caribbean............81
Middle East and North Africa .......89
South Asia .......95
Sub-Saharan Africa............ 101
Box 3.1 Global economy: A lost decade ahead?......... 122
Box 3.2 Impact of COVID-19 on investment: Deep, persistent, and broad based...... 128
Box 3.3 From institutional reforms to long-term growth ............. 140
Box 4.1 Remembering history: Monetary financing of fiscal deficits in EMDEs ........ 182
Statistical Appendix ........... 199
Selected Topics ........ 206
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