Abstract
Join us for the first seminar under our new 'productivity in a changing world' theme with the World Bank’s Ayhan Kose and Franziska Ohnsorge, co-authors of a recently published book “Falling Long-Term Growth Prospects: Trends, Expectations, and Policies”. The book posits that a structural growth slowdown is underway across the world: at current trends, the global potential growth rate is expected to fall to a three-decade low over the remainder of the 2020s. Nearly all the forces that have powered growth and prosperity since the early 1990s have weakened, not only because of a series of shocks to the global economy over the past three years. These challenges call for an ambitious policy response at the national and global levels.
About the presenters
M. Ayhan Kose is the World Bank Group Deputy Chief Economist and Director of the Prospects Group. He is a member of the Chief Economist’s leadership team overseeing the Bank’s analytical products and policy advice. He also leads the Bank’s work on global macroeconomic outlook, financial flows, and commodity markets. Under his management, the Prospects Group produces the Bank’s corporate flagship report, Global Economic Prospects, in addition to other analytical and policy publications. Prior to joining the World Bank, he was Assistant to the Director of the Research Department and Deputy Chief of the Multilateral Surveillance Division in the IMF. Mr. Kose is a Nonresident Senior Fellow at the Brookings Institution, a Research Fellow at the Center for Economic Policy Research (CEPR), and a Dean’s Fellow at the University of Virginia’s Darden School of Business. He taught at the University of Chicago’s Booth School of Business, INSEAD, and Brandeis International Business School.
Franziska Lieselotte Ohnsorge is Manager of the Prospects Group in the Development Economics at the World Bank. Prior to joining the World Bank, Franziska Lieselotte Ohnsorge worked in the Office of the Chief Economist of the European Bank for Reconstruction and Development on regional surveillance, forecasting, and financial sector policy issues. She was previously at the International Monetary Fund, covering a range of Asian, European, and Central Asian economies. She has published on a variety of topics.
Video recording
A transcript and captions for this video will be available in due course.
Productivity in a Changing World seminar series
At Te Tai Ōhanga – The Treasury, we want to facilitate learning and debate on the important issues facing New Zealand. In 2023 and early 2024 the Treasury Guest Lectures are being organised under the theme: Productivity in a changing world.
This theme recognises that lifting our productivity performance continues to be central to improving New Zealanders’ wellbeing and that we are facing this challenge in the context of significant economic, social and environmental shifts. These shifts will require considerable changes in our economy if we are to sustain and improve our economic and productivity performance.