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
Join the conversation with the world's leading economic policymakers, business leaders, and experts as they discuss the challenges facing the global economic system. Caroline Atkinson, former White House deputy national security adviser and former head of global policy for Google, hosts this monthly virtual discussion series.