The webinar discussed 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?
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.
Closing the webinar, the President of EMEA, Prof. Rym Ayadi highlighted:
“From the successive shocks (pandemic, war), countries that: 1. favour resilience approaches, 2. build macroeconomic buffers, 3. reduce dependency and increase diversification without hurting trade and 4. continue cooperation with others will better resist and have better basis to restart economic recovery.”
Moderator(s): Prof. Rym Ayadi, President, Euro-Mediterranean Economists Association (EMEA) and Professor The Bayes Business School (Former CASS)
1. Dr. Cinzia Alcidi, Director of Research, Centre for European Policy Studies (CEPS) and Member of the Executive Board of EMEA
2. 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)
3. Nagla Bahr, Managing Director of CGC Egypt and Chairwomen of Euro-Mediterranean Guarantee Network (EMGN)
4. Kwame Barnieh, Partner KPMG Ghana and Member of EMEA Expert Panel
The webinar was organised by EMEA in collaboration with the Centre for European Policy Studies (CEPS), and took place on Thursday 28 April 2022.