According to the World Bank’s latest Global Economic Prospects report, global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by the Russia-Ukraine conflict. Given fragile economic conditions, any new adverse development could push the global economy into recession.

On January 18th, the Center for China and Globalization (CCG) will be co-hosting a webinar with the World Bank to launch the January 2023 edition of Global Economic Prospects in China and to analyze the latest trends of the Chinese and global economy.

Global Economic Prospects is the World Bank Group’s flagship report on global economic development and prospects, with a focus on emerging markets and developing economies, published semiannually. It presents in-depth analysis of topical issues in global and regional economies, and serves as an important reference for governments and businesses around the world. This will be the sixth time that CCG and the World Bank partner together for the official launch of the report in China.

The World Band forecasts that China’s growth is projected to pick up to 4.3 percent in 2023 as the lifting of pandemic restrictions releases pent-up consumer spending. Excluding China, growth in emerging market and developing economies is expected to decelerate from 3.8% in 2022 to 2.7% in 2023. EMDE growth is anticipated to remain essentially unchanged in 2023 relative to last year, as a pickup in China offsets a decline in other EMDEs. The global growth in 2023 is projected to slow to 1.7% from 3% expected six months ago. The sharp downturn in growth is expected to be widespread, with forecasts in 2023 revised down for 95% of advanced economies and nearly 70% of emerging market and developing economies.

BaiduLive

https://live.baidu.com/m/media/multipage/liveshow/index.html?room_id=7986374216&source=h5pre

AGENDA

Speakers

Mike LiuVice President and Senior Fellowof Center for China and Globalization(CCG)Mike Liu is an accomplished executive with 30+ years of professional experience in digital transformation, operational excellence, cross culture leadership development and market growth strategies with leading technology multinationals.Mike is the former Managing Director and legal Rep for DXC Technology in Greater China region, and before that Mike was the global Vice President, Country Head and legal Rep for Infosys in Greater China region. .He is the recipients of Top 10 Figures in China Outsourcing Industry and Top 100 Figures in China IT and Service Industry.

Mike’s experience spans across Greater China, US, Singapore, and India where Mike has demonstrated his unique capacity to accomplish the growth agenda for the organizations he has served.He is a frequent speaker at various industry forums,including the Summer Davos in 2017, the Business Summit of BRICS in 2017, and Qingdao Multinationals Summit in 2019. He has been the moderators for a number of high-profile roundtable discussions with the Ambassadors, and business executives from leading chambers of commerce, premium Think Tanks and multinationals in China.

Ayhan KoseDirector, World Bank Prospects GroupAyhan Kose is Chief Economist and Director of the Prospects Group in the Equitable Growth, Finance, and Institutions (EFI) Practice Group of the World Bank. He is a member of the EFI leadership team overseeing the Practice Group’s policy, operational, and analytical products. Under his management, the Prospects Group produces the Bank’s corporate flagship report, Global Economic Prospects, in addition to other policy and analytical publications.Mr. Kose previously served as Acting Vice President of EFI and Director of Prospects Group. Prior to joining the World Bank, he was Assistant to the Director of the Research Department and Deputy Chief of the Multilateral Surveillance Division in the International Monetary Fund (IMF). Mr. Kose has written extensively on international macroeconomics and finance. Many of his articles have been published in leading academic journals.

Mr. Kose is a Nonresident Senior Fellow at the Brookings Institution, a Research Fellow at the Center for Economic Policy Research (CEPR), a Dean’s Fellow at the University of Virginia’s Darden School of Business, and a Research Associate at the Center for Applied Macroeconomics. He taught at the University of Chicago’s Booth School of Business and INSEAD, and was Assistant Professor at Brandeis International Business School.

 

Hassan Zaman

World Bank Regional Director for East Asia and Pacific, Equitable Growth, Finance and Institutions

Hassan Zaman is a Regional Director overseeing the World Bank’s economic policy, financial sector, private sector development, governance and poverty work in the East Asia and Pacific region. Prior to this role Hassan was Director of the World Bank’s central Operations Policy and Quality department for four years. He joined the World Bank as a Young Professional in 1998 followed by country economist positions in Africa and South Asia and Lead Economist in the central Poverty Reduction group. Between 2011 and 2014 he took leave from the World Bank to work as the Chief Economist and Senior Adviser to the Governor at the Central Bank in Bangladesh. Hassan has a doctorate in Economics from the University of Sussex and a Masters and Bachelors in Economics from the London School of Economics.

Ekaterine VashakmadzeSenior Country Economist, Macroeconomics, Trade, and Investment East Asia and Pacific RegionEkaterine Vashakmadze works as a Senior Country Economist in the Macroeconomics, Trade, and Investment East Asia and Pacific Region. She has recently moved to Bangkok to lead the Systematic Country Diagnostic assessment for Thailand and Development Policy lending operations for the Pacific Islands. Until September 2022, she worked in the Prospects Group in the Equitable Growth, Finance, and Institutions Practice Group at the World Bank.In her past job, she led the macroeconomic monitoring and economic forecasting work for the East Asia & the Pacific region. She has authored the East Asia and the Pacific chapter of Global Economic Prospects—the Bank’s semi-annual flagship report that examines trends in the global economy and how they affect developing countries. She also co-led semi-annual East Asia and Pacific regional economic updates. Before joining the Prospects Group, Ekaterine worked in Europe and Central Asia Region of the World Bank on regional surveillance and economic policy issues. The last three years of her work in the region she spent in Kazakhstan and was responsible for coordinating the World Bank’s economic work for five Central Asian countries, including Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan. She led several significant economic works in economic growth, investment, and trade integration as well as the World Bank lending operations.

In the aftermath of the 2008-09 global financial crisis, she led a large lending activity in Kazakhstan. Prior to joining the World Bank, as a Young Professional, Ekaterine worked at various positions in the International Monetary Fund, including her assignment as an Economic Advisor to the Prime Minister of Georgia. Ekaterine holds her degrees from the University of Clermont-Ferrand, in France and Tbilisi State University, in Georgia.