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Invitation to World Bank Tokyo Online Moring Seminar #164 “Middle East and North Africa Economic Update, Spring 2023″

Invitation to World Bank Tokyo Online Moring Seminar #164 “Middle East and North Africa Economic Update, Spring 2023″

更新日
Update date
2023.04.27
公開日
Release date
2023.04.27
実施形態
SeminarForm
講演

lecture

開催日
Date
2023年04月28日

April 28, 2023

時間
Time
8am-9am

8am-9am

言語
Language
英語

English

主催
Host
世界銀行 東京事務所

The World Bank Tokyo Office

内容

Additional information

Economies in the Middle East and North Africa (MENA) are expected to grow at a slower pace in 2023, as double-digit food inflation adds pressure on poorer households and the impact of food insecurity can span generations, according to the World Bank’s latest MENA economic update. Titled "Altered Destinies: The Long-Term Effects of Rising Prices and Food Insecurity in the Middle East and North Africa," the report forecasts MENA’s GDP will slow to 3.0% in 2023, from 5.8% in 2022. Oil exporters, who benefited from a windfall in 2022, will experience slower growth, but a large gap remains between high-income countries and the rest of the region. Real GDP per capita growth, a better proxy for living standards, is expected to slow down to 1.6% in 2023 from 4.4% in 2022. Inflation in the region rose dramatically in 2022, especially in countries that experienced currency depreciations. The report focused specifically on the impact of food price inflation on food insecurity, finding that eight out of 16 countries suffered from double-digit food price inflation or higher, affecting poorer households the most as they spend more of their budgets on food than those that are better off.
https://www.worldbank.org/en/news/press-release/2023/04/06/growth-slows-for-most-mena-economies-amid-double-digit-food-inflation

At this seminar, Asif Mohammed Islam, Senior Economist, and Federico Roberto Bennett, Economist, Office of the Chief Economist for Middle East and North Africa Region, will present the main findings of the report.
This seminar will be conducted in English, without interpretation into Japanese.

Date/Time:
8am-9am, Friday April 28, 2023 (Japan Standard Time)

Speakers:
Asif Mohammed Islam, Senior Economist, Office of the Chief Economist for Middle East and North Africa Region, World Bank
Federico Roberto Bennett, Economist, Office of the Chief Economist for Middle East and North Africa Region, World Bank

URL for livestreaming:
Posted on the following page.
https://www.worldbank.org/en/events/2023/04/28/world-bank-tokyo-online-moring-seminar-164-middle-east-and-north-africa-economic-update-spring-2023

Questions to the speakers:
Please send your questions via online form posted on the following webpage.
https://www.worldbank.org/en/events/2023/04/28/world-bank-tokyo-online-moring-seminar-164-middle-east-and-north-africa-economic-update-spring-2023

Inquiry:
Koichi Omori, World Bank Tokyo Office komori@worldbankgroup.org


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