Economic Challenges Post-Pandemic
                     Economic Challenges 
Post-Pandemic
INTRODUCTION
Prospects for a robust global 
economic recovery remain 
dim as the lingering effects 
of the COVID-19 pandemic 
carry on, according to the 
UN’s latest World Economic 
Situation and Prospects 
report
Source: news.un.org
Risks
Risks of a prolonged period 
of low growth stand, amid 
stubborn inflation, rising 
interest rates, and 
heightened uncertainties, in 
addition to the ever-
worsening impact of climate 
change.
Source: news.un.org
Challenges
Major challenges facing the 
post-pandemic world include 
rising inequality, climate 
change, digitalisation, 
demographic shifts and the 
weakening of democracy.
Source: news.un.org
Technological 
Change
To counter this, there is a 
need to rebuild domestic and 
global institutions so that 
they better harness the 
power of large corporations 
and can redirect 
technological change.
Source: www.weforum.org
Global financial 
system 
The global financial system 
also needs to become more 
resilient, including through 
regulation covering potential 
risks related to digitalization.
Source: www.weforum.org
Big societal 
challenges
Today's world faces four 
fundamental and existential 
challenges: the rise in 
inequality, climate change, 
demographic change, and 
the weakening of democracy. 
These challenges not only 
require urgent actions, but 
have also been exacerbated 
by the pandemic. 
Source: www.weforum.org
Risks in a 
financially 
integrated 
world
One of the trends that has 
shaped the contour of the 
evolution has been the 
slowing but upward trend of 
international financial 
integration among advanced 
economies and emerging 
market and developing 
economies.
Source: www.weforum.org
Digitalization 
might disrupt 
finance
Digitalization has been an 
important disruptive force in 
banking. Traditional banks 
face increasing competition 
from new players, including 
FinTech start-ups and 
technology platform 
(BigTech) companies, with 
the regulatory response 
critical for the future 
strSuoucrtcue:r ew wowf. wthefeo rfiumn.aonrgcial 
system. 
Conclusion
The debates around these 
topics reinforce the critical 
contribution that economists 
can and should make to the 
current challenges that 
humanity as such and 
advanced, emerging and 
developing economies face 
as they exit from the 
pandemic. 
Source: www.weforum.org
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