A recent report released by the UN Conference on Trade and Development says monetary and fiscal policy moves in advanced economies could lead to a global recession and prolonged stagnation, and could inflict even worse damage than the 2008 financial crisis and the COVID-19 pandemic. How serious is the situation? What has caused this economic downturn? And what can countries do in the face of a possible recession?

Guests in this edition of Dialogue are Dr. Richard Kozul-Wright, Director of Division on Globalization and Development Strategies, UNCTAD; Ma Chang, Associate Professor of Finance in Fanhai International School of Finance of Fudan University and Dr. William Lee, Chief Economist of Milken Institute.

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