Commentary: We Need to Restart the Economic Growth Engine — but This Time, It Must Work for All

We are living through arguably one of the most complicated, unpredictable geopolitical and geoeconomic environments in decades. Violent conflicts — the highest number since the Second World War — are amassing dire humanitarian costs, disrupting trade and energy supplies, and contributing to ongoing food and fuel crises.

When it comes to the economy, many countries have defied pessimistic predictions, but others, mainly in the global south, are still struggling to bounce back from the upheaval caused by COVID-19, followed by supply shocks, higher costs of capital and currency volatility.