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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 US 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 on to underline the urgent need for investment in human
capital, education and infrastructure. Dr. Mohieldin also noted that debt and

development problems remain among the most critical issues facing the global
economy and are of great concern to investors worldwide.

https://www.msn.com/en-ae/news/other/investopia-2024-holds-11-panels-exploring-investment-
opportunities-in-new-economy/ar-BB1j37QE