Divergent recoveries from COVID-19: How will emerging markets fare?

Caroline Atkinson (RockCreek; PIIE Executive Committee), Gita Gopinath (Chief Economist and Director of Research Department, International Monetary Fund) and Peter Orszag (CEO, Financial Advisory Lazard; PIIE Board Member)

Details

April 13, 2021 9:00 AM to 10:00 AM EDT
Virtual Event

Event Summary

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:

HOST

  • Caroline Atkinson
    Senior Advisor, RockCreek; PIIE Executive Committee Member

GUESTS

  • Gita Gopinath
    Chief Economist and Director of Research Department, International Monetary Fund
  • Peter Orszag
    CEO, Financial Advisory Lazard; PIIE Board Member

ABOUT THIS SERIES

Global Connections is a monthly virtual event series hosted by Caroline Atkinson that explores new global thinking on macroeconomic policy goals and tools to achieve broad-based, sustainable and equitable increases in living standards. Accumulated stress from a decade of sub-par growth, unequally distributed, has led to political division within countries and across borders. How should international economic policy respond?