Economic forecasting is a valuable tool, particularly during times of uncertainty. The new World Bank report, titled Reality Check: Forecasting Growth in the Middle East and North Africa in Times of Uncertainty, delves into the accuracy of growth forecasts in MENA over the past decade, finding that these forecasts have often been over-optimistic. Hear more about how accurate and transparent data can reduce the uncertainty of forecasts and help policymakers as they prepare to cope with future shocks, whether created by a pandemic or a conflict of global proportions that destabilizes markets. This event, which is co-hosted by the Middle East Institute (MEI) and the World Bank, kicks off with opening remarks by the World Bank’s Vice President for the MENA region, Ferid Belhaj, followed by a presentation on the latest report by Chief Economist, Roberta Gatti. Next, the World Bank’s Chief Economist in MENA will join MEI’s Senior Fellow and Director of the Program on Economics and Energy, Karen Young, to discuss what lies ahead for the region’s economies.
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