Justin-Damien Guénette presents the highlights of the January 2021 edition of the Global Economic Prospects report. In a nutshell, although the global economy is emerging from the collapse triggered by COVID-19, the recovery is projected to be subdued. The pandemic has exacerbated the risks associated with a decade-long global wave of debt accumulation. It is also likely to steepen the projected slowdown in potential growth over the next decade, undermining prospects for poverty reduction. With weak fiscal positions severely constraining government support measures in many countries, an emphasis on ambitious reforms is needed to rekindle robust, sustainable and equitable growth.
About the speaker
Justin-Damien Guénette is a Senior Economist in the Prospects Group of the World Bank. Previously, he served as Director of International Model Development at the Bank of Canada. His work experience includes research and policy work on macroeconomic modelling, forecasting, emerging markets and energy commodities. He is one of the lead authors of the flagship Global Economic Prospects report, which presents the institution’s view on the global economy and associated policy challenges for developing countries. He also coordinates the World Bank’s Global Monthly report, which monitors major macroeconomic, financial, and commodity market developments. Mr. Guénette holds a M.A. in Global Governance and Economics from the University of Waterloo.
Moderated by Robert Fay, CIGI
This event is co-hosted by the Balsillie School and the Centre for International Governance Innovation (CIGI).