The online event, jointly organised by the Centre for Finance and Development (CFD), the World Bank, and the Centre for Economic Policy Research (CEPR), will discuss the main findings of the report, assessing prospects and risks for the global economy.
January 2022 Global Economic Prospects report
Slowing Growth, Rising Risks
After rebounding in 2021, global growth is expected to decelerate sharply in 2022-23, reflecting COVID-19 flare-ups, diminished fiscal support, and lingering supply bottlenecks. The near-term outlook for growth is weaker than previously projected. For global inflation, projections are notably higher than previously envisioned because of outbreaks of new COVID variants, higher food and energy prices, and supply disruptions. Although output and investment in advanced economies are projected to return to pre-pandemic trends next year, in EMDEs— particularly in small states and fragile and conflict-afflicted countries—they will remain markedly below because of lower vaccination rates, tighter fiscal and monetary policies, and more persistent scarring from the pandemic.
SPEAKERS:
Ayhan Kose, The World Bank Chief Economist, Equitable Growth, Finance, and Institutions (EFI); and Director of the Prospects Group
Franziska Ohnsorge, The World Bank Manager of the Prospects Group in the Equitable Growth, Finance and Institutions (EFI) Vice Presidency
Silja Baller, World Economic Forum Insight Lead, Frontier Insights
Ugo Panizza (Moderator), Deputy Director of the Centre for Finance and Development, Professor of International Economics, and Pictet Chair in Finance and Development at the Graduate Institute of International and Development Studies
The event will be held on Zoom. Connection details will be shared with registered participants.
