World Economic Outlook - Steady but Slow: Resilience Amid Divergence
The most recent IMF World Economic Outlook, titled “Steady but Slow: Resilience Amid Divergence,” provides projections for the global economy. It anticipates a 3.2% growth rate for 2024 and 2025, with advanced economies experiencing a slight increase and emerging markets facing a mild deceleration. Additionally, global inflation is expected to steadily decrease. Alessia De Stefano's segment focuses on the impact of recent restrictive monetary policies on housing markets, with a focus on their varying effects across nations. Nan Li's chapter discusses the enduring deceleration in global medium-term growth since the 2008 financial crisis, analyzing factors like changing demographics and private investment. Andrea Presbitero's contribution highlights the increasing importance of G20 emerging markets and offers policy suggestions for their integration into the global economy. This includes strategies to counterbalance a slowdown in China.
Institutional Greetings
Paolo Santucci de Magistris, Head of the Department of Economics and Finance, Luiss University
Brief Introduction
Giorgio Di Giorgio, Professor of Economics, Luiss University
Presentations of the WEO Chapters
Alessia de Stefani, Economist at the Research Department of the International Monetary Fund (IMF)
Feeling the Pinch? Tracing the Effects of Monetary Policy through Housing Markets
Nan Li, Deputy Division Chief at the Research Department of the International Monetary Fund (IMF)
Slowdown in Global Medium-Term Growth: What Will It Take to Turn the Tide?
Andrea Presbitero, Economist in the Multilateral Surveillance Division of the Research Department at the International Monetary Fund (IMF)
Trading Places: Real Spillovers from G-20 Emerging Markets Registration
Panel and Discussion
Alberto Petrucci, Professor of Economics, Luiss University
Giovanna Vallanti, Associate Professor of Economics, Luiss University
Valentina Meliciani, Professor of Applied Economics, Luiss University
Conclusions
Stefano Manzocchi, Deputy Rector for Research, Luiss University