Thu Oct 7 CEST (16 days ago)
In your timezone (EDT): Thu Oct 7 7:00am - Thu Oct 7 11:00am
As covid-19 swept the world, emerging-market economies were among the hardest hit. With the normal order of business disrupted, economies contracted as tourism dried up, export demand dwindled and public spending rocketed. But emerging markets have always been characterised by a strong degree of dynamism.
From Asia to Africa and Latin America, many developing economies have demonstrated considerable resilience, helped in large part by quick, decisive action and unprecedented relief measures. Now, with an absence of legacy policies and a position at the forefront of the technological revolution, they are well placed for a strong recovery.
But covid-19 is far from over, and some emerging economies are grappling with severe outbreaks of the virus. Continued economic volatility is to be expected. What’s more, the repercussions of emergency measures are likely to be felt further down the road. So how can emerging markets capitalise on the gains already made to ensure a strong recovery? And can they serve as engines of global growth?
Programmed by Economist Impact and sponsored by UFuture, this panel discussion will convene economists and finance experts as we address questions that include:
• How has the covid-19 crisis impacted emerging-market economies in the short term, and what are the likely long-term ramifications?
• How did the response to covid-19 diverge across countries and regions, and how has it impacted rates of recovery? Who are the outstanding • performers?
• Which markets have been most resilient and which have been hardest hit? What can be learnt from their experience?
• What policies ought emerging-market economies to pursue to accelerate recovery?
• How are emerging-market economies contributing to global growth? To what extent will the growth be driven by China?
• Are emerging-market economies poised to benefit from the “new normal” of business?
Álvaro Santos Pereira
Director, Country Studies Branch Economics Department, OECD
Professor, international economics, TUM School of Management Technical University of Munich
Chief executive, UFuture
Senior investment strategist, BlackRock Investment Institute
Foreign editor, The Economist