Page 764 - INVESTOPIA ENGLISH PR REPORT - International Part 2

3/11/24, 12:49 PM Auburn Sentinel | Press Releases
opportunities in the new economy sectors, technology, the circular economy, creative

economy, hospitality, sports and aviation. Attendees who witnessed these sessions

included investors, economists, leading government officials, policy makers, and
entrepreneurs from around the world.

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 debt and development

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