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So far Dina Schefler has created 15 blog entries.

Global Economic Prospects: Slowing Growth and the Risk of Stagflation | World Bank Expert Answers

Global Economic Prospects: Slowing Growth and the Risk of Stagflation | World Bank Expert Answers The war in Ukraine has compounded the damage left by the COVID-19 pandemic and magnified the slowdown in the global economy. The risk of stagflation is increasing with potentially harmful consequences for middle and low-income economies alike. So what do the next few months have in store for the global growth? The latest edition of the Global Economic Prospects projects global growth will slump from 5.7 percent in 2021 to 2.9 percent in 2022. To help us learn more, Director of the World Bank’s Prospects Group, Ayhan Kose joins Expert Answers to discuss.

By |2022-06-09T06:33:44+00:00June 9th, 2022|0 Comments
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Americas Quarterly

Financing Climate Change Adaptation in Latin America Watch webcast On May 26, AQ hosted a conversation about the transition to a low-carbon economy.   Climate change poses an urgent threat to the Western Hemisphere and will be a top agenda item at the Summit of the Americas in June. How can tools like green bonds and ESG requirements assist in the transition to a low-carbon economy? On May 26, Americas Quarterly convened a group of experts to discuss green finance and climate change adaptation strategies for Latin America. This event launched AQ’s special report on the Summit of the Americas. This event was hosted by:     The event was livestreamed on this page on May 26, 2022 at 10 a.m. ET. You can also watch this event on Twitter and YouTube. Speakers: Reina Irene Mejía Chacón, Executive Vice President at the Inter-American Development Bank Laura Segafredo, Global Head of Sustainable Research, ETF and Index investments at BlackRock @LauraSegafredo José Daniel Madrigal, Economics Specialist at the Honduras Resident Coordinator’s Office of the United Nations @JoseMadrigal92 Brian Winter, Vice President for Policy, AS/COA and Editor-in-Chief, Americas Quarterly @BrazilBrian (moderator)

By |2022-06-21T09:48:56+00:00June 2nd, 2022|0 Comments
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LatAm Investor

LatAm Investor Inflation and rising interest rates are set to dampen the region’s economic recovery, writes Pollyanna De Lima, Economics Associate Director Economic Indices, S&P Global… In line with the global picture, the economic outlook for Latin America has weakened since the last issue as prevailing headwinds were exacerbated by the Russia-Ukraine war. Rising interest rates, acute price pressures, income squeezes, turbulence in capital flows and COVID-19 loom large as key risks to growth. Official statistics data showed that output returned to pre-pandemic levels in Brazil and Colombia, but Mexico is yet to post a full recovery. Timely PMI (Purchasing Managers’ Index) data indicated that Brazil’s manufacturing sector recovered in March from the pandemic- related downturns seen around the turn of the year, with growth gathering pace in Colombia. Economic conditions remained challenging in Mexico, however, as goods production fell at a faster pace at the end of the first quarter. In January’s update of the World Economic Outlook, the IMF downgraded the 2022 GDP forecasts for Brazil (from +1.5% to +0.3%) and Mexico (from +4.0% to +2.8%), owing to the new wave of COVID-19, the reintroduction of restrictions, energy price volatility and lingering problems in supply chains. Further downward revisions are expected in the April update as the impacts of Russia’s invasion of Ukraine are accounted for alongside strong monetary [...]

By |2022-06-07T11:18:06+00:00June 2nd, 2022|0 Comments
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Americas Quarterly

The campaign towards the runoff on June 19 could further polarize the country. As polls had predicted, Gustavo Petro (Pacto Histórico) placed first in the first round of the Colombian presidential election on May 29 with a 40% lead. The runner-up, Rodolfo Hernández (Independent) who had surged in polls in the last few weeks, amassed 28% of the preference. The campaign towards the runoff election for the Colombian presidency on June 19 has already started with Hernández receiving the support of the third-place candidate, Fico Gutiérrez, who received about 24% of the votes. AQ asked several observers to share their reaction. Theodore Kahn, senior analyst in Control Risks’ Global Risk Analysis practice Colombians delivered a stunning rejection of the traditional political class in the first round of presidential elections on Sunday. Gustavo Petro, a left-wing former guerrilla, finished first with 40.3% of the votes—the best performance for the left in Colombia’s modern history. Petro wants to overturn the social and economic model by ending new oil and mining exploration, guaranteeing public jobs for the unemployed, and ramping up protection for domestic industry and agriculture. The runner-up, Rodolfo Hernández, is an ideologically ambiguous populist and political outsider. His campaign, notably light on policy proposals, was all about throwing out the corrupt political class. Federico Gutiérrez, a conservative who had the support of traditional political parties, finished third, winning only in his [...]

By |2022-06-07T11:18:30+00:00June 2nd, 2022|0 Comments
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