Despite low interest rates, global growth has remained low driven by a simultaneous slowdown in most emerging markets, falling commodity prices, and flagging trade and capital flows. Join ministers from resource rich as well as importing countries and others as they discuss the challenges and opportunities to promote inclusive growth under a low interest rate and commodity prices scenario.
The panel will address questions related to low global growth and commodity prices including why has global growth remained so low? How are countries weathering the global slowdown? Is this a transitional situation, where commodity importers are slowly reacting to the lower prices, while commodity exporters are struggling to adjust to the downturn? Or is low growth/low commodity prices/low interest rates, the new normal? What reforms are needed to reignite inclusive growth? Is there a need for greater collective action?
Related Links:
World Bank and Macroeconomics and Fiscal Management
IEG Report: World Bank Group Engagement in Resource-Rich Countries
