Divergent recoveries from COVID-19: How will emerging markets fare?
The COVID-19-induced recession hit emerging markets and developing countries hard in 2020. Unlike the global financial crisis, GDP for this group of countries shrank, setting back the process of gradual convergence with advanced economies. Recovery to a pre-pandemic path is projected to be slow and difficult. How should these countries and the world respond to divergent recoveries and the prospect of faster than expected normalization in US monetary policy?
Joining this episode of Global Connections were:
- Caroline Atkinson
Senior Advisor, RockCreek; PIIE Executive Committee Member
- Gita Gopinath
Chief Economist and Director of Research Department, International Monetary Fund
- Peter Orszag
CEO, Financial Advisory Lazard; PIIE Board Member
ABOUT THIS SERIES
Global Connections is a monthly virtual event series hosted by Caroline Atkinson that explores new global thinking on macroeconomic policy goals and tools to achieve broad-based, sustainable and equitable increases in living standards. Accumulated stress from a decade of sub-par growth, unequally distributed, has led to political division within countries and across borders. How should international economic policy respond?