Despite the surge in global interest rates and uncertainty, the global economy has managed to avoid a recession or stagflation. Inflation has been halved without causing high unemployment, and many economies have shown resilience. However, over four years after the COVID-19 pandemic, there is still uncertainty about whether the world, especially developing economies, are back on track to prosperity. Trade disputes are increasing, armed conflicts are on the rise, inflation is above central bank targets, and sovereign debt remains high.
Looking ahead to the future, policymakers face a big question: what to expect in the coming years and how to restore progress made in the three decades before the pandemic. The June 2024 edition of the World Bank’s Global Economic Prospects report will provide insights into these questions, including the relationship between public and private investment.
To delve deeper into these issues, experts from various backgrounds will come together for a panel discussion hosted by Brookings Institution’s Global Economy and Development program on Thursday, June 20. Brahima S. Coulibaly will give introductory remarks as vice president of the program before presenting an overview of the latest Global Economic Prospects report from the World Bank Group. Robin Brooks will moderate a panel discussion with experts on public investment and its impact on economic growth.
The event encourages audience members to submit questions via email or Twitter using #GlobalEconomy beforehand so that they can be addressed during the panel discussion. This is an excellent opportunity for anyone interested in economics to gain valuable insights from experts in their field and engage in discussions about how policymakers can restore progress towards prosperity for all economies around the world.
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