Podcasts

Back

Global Economy Now and the Challenges Ahead

15
September 2023
by Oumayma Bourhriba and Otaviano Canuto

The global economy is on the path to recovery following the dual challenges of the COVID-19 pandemic and Russia's invasion of Ukraine. While there are promising signs of short-term progress, such as stronger-than-expected growth and lower inflation, significant challenges remain, leading to overall uncertainty. There are increasing signs that global economic activity is losing momentum, partly due to the widespread tightening of monetary policies. Adding to the complexity, core inflation, which excludes energy and food prices, continues to surpass the targets established by central banks. Furthermore, a pressing issue on the economic horizon is the sustainability of debt, particularly in the context of developing nations that are facing higher demand of public services with a lower fiscal space. The global economic landscape is undergoing a transformation, marked by the emergence of geoeconomic fragmentation. This phenomenon is characterized by the world economy fragmenting into competing blocs, presenting a substantial threat. Emerging and developing economies, which rely heavily on a tightly interconnected global economy, foreign direct investment, and the exchange of technological advancements, are particularly vulnerable to the implications of this trend. In this podcast, Otaviano Canuto, senior fellow at the Policy Center for the New South, shares his insights on the current macroeconomics dynamics of the global economy along with the challenges that lie on the horizon.

RELATED CONTENT

  • August 22, 2025
    This episode explores the opportunities and challenges of achieving deeper economic integration under the African Continental Free Trade Area (AfCFTA). We discuss the potential for boosting intra-African trade, industrialization, and investment flows. The conversation highlights the nee...
  • Authors
    Edited by
    July 14, 2025
    Available soon on livremoi. The 2025 edition of the African Economic Report continues in the spirit of previous versions. It presents a broad overview of the continent’s economic evolution and offers insights into Africa’s relationship with the rest of the world. In other words, it explores how Africa navigates the effects of global fragmentation within its regional spaces while pursuing its ambition of continental integration. ...
  • July 9, 2025
    Developing countries have few options to deal with the ongoing tariff war amid unpredictable shifts in global supply chains. However, regional economic integration offers a strategic path of development in these uncertain and challenging times. Helped by geographical proximity and cultural familiarity, countries in a region can benefit greatly from promoting trade with one another, reaping the benefits of comparative advantages and economies of scale—if they are able to establish a ...
  • Authors
    Seydina Alioune NDIAYE
    July 8, 2025
    La stabilité apparente des taux directeurs de la BCEAO (Banque centrale des États de l'Afrique de l'Ouest) masque une réalité bien plus préoccupante : un resserrement monétaire non déclaré dans la zone UEMOA (Union économique et monétaire ouest-africaine) et une rareté accrue de la liquidité qui frappe tout le système. Nous proposons une analyse en profondeur des mécanismes de cette crise bancaire latente, ses manifestations concrètes sur le tissu économique et ses implications pour ...
  • July 2, 2025
    Dans un contexte devenu plus incertain et plus compliqué à la suite des décisions de la nouvelle administration américaine, les impératifs de la lutte contre le changement climatique et de la transition énergétique et écologique demeurent.Les banques centrales peuvent et doivent apporter leur contribution à cette transition, en « verdissant », dans une proportion à définir, la politique monétaire qu’elles mènent. Concrètement, cela veut dire compléter la palette des object ...
  • Authors
    Sana Hninou
    June 25, 2025
    This Paper was originally published on springer.com This study investigates the impact of female agricultural cooperatives on women’s empowerment in Morocco, with a focus on the rural Marrakech-Safi region. The research evaluates the effectiveness of these cooperatives in enhancing women’s empowerment through economic opportunities, participatory governance, and leadership roles. The Global Empowerment Index (GEI) was adopted to measure empowerment across five key dimensions: p ...