Otaviano Canuto on the Global Economy and the Pandemic

June 23, 2021

There remains tremendous uncertainty and prospects of a post-pandemic recovery vary greatly across countries, as it is bound to happen at different paces. And the divergence of per capita incomes in the world is rising as an aftermath of the pandemic. The pandemic will leave scars in labor markets and income distribution, besides higher public debts as a legacy. A higher pace of automation of jobs, as well as a partial reversal of globalization are also to be expected.

Speakers
Otaviano Canuto
Senior Fellow
Senior Fellow at the Policy Center for the New South, principal at Center for Macroeconomics and Development and non-resident fellow at Brookings Institute. Former Vice President and Executive Director at the World Bank, Executive Director at the International Monetary Fund (IMF) and Vice President at the Inter-American Development Bank. He was also Deputy Minister for international affairs at Brazil’s Ministry of Finance, as well as professor of economics at University of São Paulo (USP) and University of Campinas (UNICAMP). ...

RELATED CONTENT

  • Authors
    Saurabh Mishra
    September 1, 2015
    Les fonds souverains, objet de toutes les attentions au cours des années 2000, devraient voir leur rôle de « stabilisateur » de l’économie se renforcer dans les mois à venir, en raison de la chute du prix des matières premières. Ces véhicules d’investissement doivent cependant être coordonnés avec les outils traditionnels de la politique fiscale et ne peuvent affranchir les pouvoirs publics d’effectuer à plus ou moins long terme les ajustements budgétaires que ce nouvel environnemen ...
  • Authors
    July 10, 2015
    Greek Prime Minister Alexis Tsipras has already completed two notable labors. First, he led his radical left-wing Syriza party to an improbable election victory in January 2015. Then, also improbably, he won a resounding no vote in a referendum on July 5 on accepting the terms of Greece’s international creditors for a new bailout package. According to Greek mythology, there are ten more labors to go, and indeed, it will probably take that many to redeem the Greek economy. Tsipras’s ...
  • Authors
    June 8, 2015
    European stock markets are booming, and the European Commission has just upgraded its GDP growth forecasts for this year and next. In 2016, the eurozone could grow faster than the United States. And this is all happening even as the Greek drama approaches its cathartic moment, leading some to speculate that the euro crisis is nearing its end, with or without Greece. Is it? To answer this vital question, ignore the politics for a moment and focus on economic fundamentals. A look at ...
  • Authors
    Pierre-Richard Agénor
    May 22, 2015
    Cet article examine la formulation, la mise en oeuvre, et la performance des règles budgétaires, avec un accent particulier sur l’expérience des pays en développement à moyen revenu. La première partie propose une définition et une justification des règles budgétaires, ainsi qu’une taxonomie de ces règles. La deuxième partie fournit un panorama des règles utilisées actuellement de par le monde. La troisième partie considère une série de questions liées à la mise en oeuvre des règles ...
  • Authors
    May 18, 2015
    Economic integration is crucial in order to achieve rapid and sustainable growth. However, instabilities in the MENA region and the recent plunge in oil prices may stifle the economic progress in some of these countries, and threaten their attempts at integration. Within this context, this note seeks to analyze the efforts of integration that MENA countries have undertaken, particularly through trade agreements; and to articulate some principles that can help guide the ongoing searc ...