On 4th February 2021 from 15.00 until 16.30 (CET), ECDPM’s San Bilal will moderate the European Investment Bank and the World Bank roundtable on ‘The World Bank Global Economic Prospects Report’.
The COVID-19 pandemic has caused major disruptions in the global economy. Economic activity has been hit by reduced personal interaction; uncertainty about the post-pandemic economic landscape and policies has discouraged investment; disruptions to education have slowed human capital accumulation; and concerns about the viability of global value chains and the course of the pandemic have weighed on international trade and tourism.
If history is any guide, unless there are substantial and effective reforms, the global economy is heading for a decade of disappointing growth outcomes. A package of reforms to increase investment in human and physical capital and raise female labor force participation could help avert the expected impact of the pandemic on potential growth in EMDEs over the next decade.
This briefing will start with a World Bank presentation on the global economic outlook and the panel will discuss possible ways forward so that emerging and developing markets will come stronger out of the pandemic crisis.