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Georgieva: Global Challenges Facing ASEAN and Policy Priorities
I would like to touch on three points: the global economic outlook; how ASEAN features in this outlook; and policy priorities. First, the global outlook. In the last three years—a relatively short period of time—we have been hit by shock upon shock upon shock: a global pandemic, a war in Europe, and a cost-of-living crisis. And they have led to a rather gloomy picture for the world economy—for this year and especially for next year. The dual impact of supply chain interruptions from the pandemic, and the very rapid increase of energy and food prices, has created stubbornly high inflation, leading to a ... (full story)