Global Economic Prospects Report: Pandemic and Crisis

Posted on June 23, 2020

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The World Bank has just published this report. This Thursday the Centre for Finance and Development in Geneva will organise a panel discussion on the pandemic and the linked economic crisis.

The World Bank states about its report:
COVID-19 has triggered the deepest global recession in decades. While the ultimate outcome is still uncertain, the pandemic will result in contractions across the vast majority of emerging market and developing economies. It will also do lasting damage to labor productivity and potential output. The immediate policy priorities are to alleviate the human costs and attenuate the near-term economic losses. Once the crisis abates, it will be necessary to reaffirm a credible commitment to sustainable policies and undertake the reforms necessary to buttress long-term prospects. Global coordination and cooperation will be critical.

The Centre for Finance and Development has organised a panel discussion Thursday, 25 June, 15.30-17hrs UK time. Registration can be found here.