Opening Remarks by IMF Asia and Pacific Department Director Krishna Srinivasan at the Regional Economic Outlook Press Conference, Marrakesh, Morocco, October 13, 2023
Welcome to today’s press conference on the economic outlook for Europe. Europe has weathered well an unprecedented series of shocks, the pandemic and the energy crisis triggered by Russia’s war in Ukraine. Severe downside scenarios were avoided. This is a big accomplishment!
Good morning, everyone. Thank you for joining our Press Briefing on the Economic Outlook for the Middle East and Central Asia, and many thanks to many of you who have come to Marrakech to cover our Annual Meetings. We are going to start with opening remarks from Jihad Azour, Director of the Middle East and Central Asia Department, and then we will take your questions. We do have interpretations into Arabic and French, and you can ask your questions in those languages. Thank you. Jihad, if you will.
Opening Remarks at Press Briefing on the Regional Economic Outlook for Sub-Saharan Africa
Following a strong rebound from the pandemic and continued resilience in early 2023, economic growth in Latin America and the Caribbean is projected to moderate from 4.1 percent in 2022 to 2.3 percent in 2023. Headline inflation in the region (excluding Argentina and Venezuela) has been declining and is anticipated to reach 5 percent in 2023, compared to 7.8 percent in 2022.
Europe has weathered indeed well a series of unprecedented shocks, the pandemic, and then the energy crisis, which was triggered by Russia's invasion of Ukraine. What we also saw was that severe downside scenarios were avoided, and I would say this is a big accomplishment. Comparing that when we worked together in last October and the situation looked much different from today.
Transcript of Africa's Regional Economic Outlook
Transcript of the Asia and Pacific Department Press Briefing
Most Latin American countries and the Caribbean have successfully weathered recent shocks, very large shocks of the world economy. They rebounded strongly from the Pandemic and showed continued resilience in 2023 at the beginning of this year. But reality is that growth is slowing from 4.1 percent in 2022 to 2.3 percent this year and also in 2024.
"The EIB Group firmly condemns the heinous attacks by Hamas terrorists against Israel. Such horrific and senseless violence is unacceptable and must stop. The EU Bank stands in full solidarity with Israel at this time,” stated the Bank on X (formerly Twitter) today.
