Though the world economy is in the second year of recovery and is projected by the World Bank’s Global Economic Prospects to grow by 4.4% in 2022, uncertainty remains high because of the pandemic, a surge in prices (as median inflation has increased from 2.2% pre-pandemic to 3%), and the prospect of higher interest rates. [...] Russia is also the world’s largest supplier of fertilizers, accounting for 12.5% of the world imports of manufactured fertilizers and is one of the largest supplier of metals such as palladium, nickel, and aluminum. [...] Even though the Russian economy will suffer a hit from the war, including sanctions on some of its banks and individuals, and the large devaluation of the ruble that will hurt the purchasing power of Russians, and even if the war devastates the Ukrainian economy, the direct effects on world GDP will be small because of the economies’ modest shares of world output. [...] The Policy Center for the New South (PCNS) is a Moroccan think tank tasked with the mission of contributing to the improvement of international, economic and social public policies that challenge Morocco and Africa as integral parts of the Global South. [...] The PCNS advocates the concept of an open, responsible and proactive « new South »; a South that defines its own narratives, as well as the mental maps around the Mediterranean and South Atlantic basins, within the framework of an open relationship with the rest of the world.
- Pages
- 9
- Published in
- Morocco
