While the World Economic Outlook shows output in advanced economies set to exceed pre-pandemic levels next year, prospects for low-income countries and emerging markets have darkened considerably due to vaccine shortages and limited support. Overall, the outlook's global growth projection for 2021 has been revised down marginally to 5.9 percent and is unchanged for 2022 at 4.9 percent. The downgrade also reflects continuing supply disruptions and the impact on advanced economies. IMF Chief Economist, Gita Gopinath heads the WEO. In this podcast, she says universal vaccine access remains key for an equitable global recovery.  Transcript Transcript: https://bit.ly/3BBV2zZ Read the blog at: blogs.imf.org

Gita Gopinath on Latest Outlook: Recovery Gaps Persist

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Economic growth is often seen as the core ingredient to social development, but it’s a relatively new idea. So what did pre-growth society look like and how much growth can modern society sustain? In his latest book, Daniel Susskind argues that economic policy should consider the costs of growth more carefully and realign the drivers to better fit with the challenges of our time. Susskind is a research professor at King's College London and a senior research associate at the Institute for Ethics in AI at Oxford University. In this podcast, he says growth doesn’t come from the tangible world of things but from the intangible world of ideas.   Transcript: https://bit.ly/3yY83aK

Daniel Susskind on Growth: A History and a Reckoning

Central banks worldwide share common practices in how they operate, but the UK’s central bank is unique in how it makes its rate decisions. Catherine Mann is a Professor of the Practice at Brandeis University and one of four external voting members of the Monetary Policy Committee at the Bank of England. In this podcast, Mann says the pickup in capital flows in neighboring countries earlier this year required careful consideration by the BOE, and the broader range of backgrounds on its board helped to make the right monetary policy decisions.  Transcript: https://bit.ly/3RaurnK

Catherine Mann: A Central Banker’s View on Capital Flows

It’s no mystery where the IMF was born but its origin story might surprise you. While the spotlight was on the charismatic British economist John Maynard Keynes during the 1944 Bretton Woods Conference, a little-known American economist was working in the shadows. Harry Dexter White’s plan would lead to the creation of the IMF and forever change the world economy. In this podcast, IMF historian and author, James Boughton speaks with Rhoda Metcalfe about how Harry White made history without making a splash.  Transcript: https://bit.ly/456YgLB Read the article in Finance and Development: IMF.org/fandd James Boughton is also the author of Harry Dexter White and the American Creed

James Boughton on The Messy Legacy of Harry Dexter White

While African countries have little to do with what’s causing the climate crisis, they are feeling the brunt of the extreme weather patterns and left footing a climate-mitigation bill they can’t afford. Michael Olabisi is an assistant professor at Michigan State University and studies sustainable development in low-income countries. In this podcast, Olabisi says climate change is a global challenge and it’s high time the world's advanced economies start treating it as such.  Transcript: https://bit.ly/4ay37X7

Michael Olabisi: Thinking Globally to Pay Africa’s Climate Bill

When disaster strikes, the knee-jerk reaction is to seek public funds for support, but private donors have the agility that governments often don’t. And while capital flows to Africa slowed to a trickle during the pandemic, philanthropy and remittances held steady. Una Osili is the Associate Dean for Research and International Programs at Indiana University and holds the Efroymson Chair in Philanthropy. Osili believes Africa would benefit from more private donor funding and more African women to manage it. In this podcast, Journalist Rhoda Metcalfe asks Dr. Osili about her work and why there aren’t more women economists on the continent.  Transcript: https://bit.ly/4bhCfvP

Gita Gopinath on Latest Outlook: Recovery Gaps Persist

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