Page 265 - INVESTOPIA ENGLISH PR REPORT - International Part 2

3/11/24, 11:59 AM Investopia 2024 holds 11 panel discussions exploring investment - WICZ
One of the morning panel sessions considered macroeconomics in the

context of where the global economy is moving post COVID-19, how a

successful COP28 is setting all countries on a sound footing to tackle climate

change, what the impact of the outcome of the U.S. Presidential election will

be; and why the global economy remains resilient to geopolitical shocks.

Under the theme New Economic Frontiers Unveiled: Navigating the Unknown,

the panel discussed factors driving the new economy sectors, markets and

the role of governments and the private sector in optimising economic growth.

Participants in this session were Dr. Mahmoud Mohieldin, Executive Director

of the International Monetary Fund; Dr. François Bourguignon, Honorary

President of the Paris School of Economics; and Dr. Nathan Sheets, Chief

Economist at Citi; and John Defterios, Professor of Business Administration at

NYU Abu Dhabi.

Dr. Mohieldin highlighted the necessity of paying attention to low and middle-

income countries in a changing global economic trend and cited Africa, where

the continent grew for many countries from being a low-income region to

becoming middle-income.

"Middle-income countries and the middle class populations are being

squeezed, and mid-sized enterprises do not have the same support as

SMEs," Dr. Mohieldin said.

"The middle needs investment, but [the situation] is not being discussed," he

added, and went further and underlined the urgent need for investment in

human capital, education and infrastructure." Dr. Mohieldin also noted that

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