The April 2022 World Economic Outlook of the IMF raised the twin challenges of slowing growth and high inflation – so-called “stagflation” – that will hit the global economy amidst the Russian war against Ukraine. Recovery from the COVID-19 pandemic was disrupted by increasing energy, food prices and mounting geopolitical uncertainties.
In the meantime, countries in the Mediterranean and Africa, with weak economic fundamentals and growing stock of sovereign debt, have lower fiscal space available to honour their commitments. Additionally, the IMF flagged that the fast private debt accumulation across the world will act as a drag on growth, amidst the pressure of increasing interest rates, which will reduce overall spending and investment.
This webinar is co-organised by EMEA and CEPS with the aim of discussing the current state of affairs amidst the war in Ukraine and the subsequent setback to global economic recovery, with a focus on the Mediterranean and African countries. What can these countries do to limit the risk of imminent energy and food crises, and what can international partners such as the EU, the IMF and others do to help?
Moderator(s): Prof. Rym Ayadi, President, Euro-Mediterranean Economists Association (EMEA) and Professor The Bayes Business School (Former CASS)
- Dr. Cinzia Alcidi, Director or Research, Centre for European Policy Studies (CEPS) and Member of the Executive Board of EMEA
- Prof. Moez Labidi, Professor At the Faculty of Economic and Management of Mehdia, Tunisia and Member of Associate Committee of the EU Mediterranean and African Network for Economic Studies (EMANES)
- Nagla Bahr, Managing Director of CGC Egypt and Chairwomen of Euro-Mediterranean Guarantee Network (EMGN)
- Kwame Barnieh, Partner KPMG Ghana and Member of EMEA Expert Panel
The webinar is organised by EMEA in collaboration with the Centre for European Policy Studies (CEPS), and will take place on Thursday 28 April at 15:00 CET on Zoom