World Economic Forum Slow growth and the cost of debt: the World Bank's Chief Economist on the global outlook
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Sep 25, 2024 Indermit Gill, Chief Economist of the World Bank Group, shares a nuanced view of the global economy—slightly better than predicted but not as strong as six years ago. He discusses the heavy burden of debt on developing nations, particularly its impact on health and education services. Aengus Collins highlights emerging markets like India and stresses the need for innovative solutions to encourage growth and combat climate change. The conversation underscores the urgency of effective debt restructuring and financial support for vulnerable economies.
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