EMEA webinar: “COVID 19 Pandemic, War and Stagflation: How can countries in the Mediterranean and Africa respond?”
April 25, 2022
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?
The webinar will take place on Thursday 28 April at 15:00 CET on Zoom.