IDEAS home Printed from https://ideas.repec.org/h/era/chaptr/2022-new-normal-new-technologies-new-financing-3.html
   My bibliography  Save this book chapter

Global Economic Recovery in the Face of COVID-19

In: New Normal, New Technologies, New Financing

Author

Listed:
  • Maurice Obstfeld

Abstract

After a sharp contraction early in 2020 as the coronavirus disease (COVID-19) spread across the globe, the world economy staged a quick return to economic growth. Two years later, however, the recovery remains incomplete, especially in emerging market and developing economies (EMDEs); the pandemic continues; and the prospects for shared, inclusive prosperity are cloudy. Russia’s invasion of Ukraine in February 2022 and the international response will deliver a further setback to global economic prospects (OECD, 2022). By promoting effective multilateral cooperation on a range of global challenges, the G20 can strengthen the current recovery and mitigate future threats.

Suggested Citation

  • Maurice Obstfeld, 2022. "Global Economic Recovery in the Face of COVID-19," Chapters, in: Lili Yan Ing & Dani Rodrik (ed.), New Normal, New Technologies, New Financing, chapter 3, pages 22-37, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:chaptr:2022-new-normal-new-technologies-new-financing-3
    as

    Download full text from publisher

    File URL: https://www.eria.org/uploads/media/Books/2022-G20-New-Normal-New-Technology-New-Financing/7_Ch.3-Global-Economy-Recovery-NEW.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Martin Chorzempa & Adnan Mazarei, 2021. "Improving China's participation in resolving developing-country debt problems," Policy Briefs PB21-10, Peterson Institute for International Economics.
    2. Broner, Fernando & Didier, Tatiana & Schmukler, Sergio L. & von Peter, Goetz, 2023. "Bilateral international investments: The big sur?," Journal of International Economics, Elsevier, vol. 145(C).
    3. Matthew Fisher & Adnan Mazarei, 2020. "A possible IMF Pandemic Support Facility for emerging-market countries," Policy Briefs PB20-11, Peterson Institute for International Economics.
    4. Gary Clyde Hufbauer & Megan Hogan & Yilin Wang, 2022. "For inflation relief, the United States should look to trade liberalization," Policy Briefs PB22-4, Peterson Institute for International Economics.
    5. Maurice Obstfeld, 2021. "An uneven global rebound will challenge emerging-market and developing economies," Policy Briefs PB21-21, Peterson Institute for International Economics.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sebastian Horn & Carmen M. Reinhart & Christoph Trebesch, 2022. "Hidden Defaults," AEA Papers and Proceedings, American Economic Association, vol. 112, pages 531-535, May.
    2. Pamela Pogliani & Goetz von Peter & Philip Wooldridge, 2022. "The outsize role of cross-border financial centres," BIS Quarterly Review, Bank for International Settlements, June.
    3. Marek Dabrowski, 2024. "The Risk of Protectionism: What Can Be Lost?," JRFM, MDPI, vol. 17(8), pages 1-24, August.
    4. Markus dup Brunnermeier & Kristin dup Forbes & Maurice Obstfeld, 2021. "Jackson Hole 2021 - Monetary Policy in an Uneven Economy (Panel)," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, August.
    5. Patrick McGuire & Goetz von Peter & Sonya Zhu, 2024. "International finance through the lens of BIS statistics: residence vs nationality," BIS Quarterly Review, Bank for International Settlements, March.
    6. Comisión Nacional de los Mercados y la Competencia (CNMC), 2023. "Guide. Competition against inflation: How competition and efficient regulation help protect the purchasing power of consumers," Colección Estudios de Mercado G-2022-02_ENG, Comisión Nacional de los Mercados y la Competencia (CNMC).
    7. George Pantelopoulos, 2024. "Can external sustainability be decoupled from the NIIP?," International Economics and Economic Policy, Springer, vol. 21(1), pages 89-116, February.
    8. repec:aei:rpaper:1008577378 is not listed on IDEAS
    9. Dadush, Uri, 2022. "The future of global value chains and the role of the WTO," WTO Staff Working Papers ERSD-2022-11, World Trade Organization (WTO), Economic Research and Statistics Division.
    10. Florez-Orrego, Sergio & Maggiori, Matteo & Schreger, Jesse & Sun, Ziwen & Tinda, Serdil, 2023. "Global Capital Allocation," SocArXiv 5s6n3, Center for Open Science.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:era:chaptr:2022-new-normal-new-technologies-new-financing-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ranti Amelia (email available below). General contact details of provider: https://edirc.repec.org/data/eriadid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.