The challenges facing the economy are discussed by the distinguished Economist, Ilias Papaioannou, and the President of AstroBank, Michalis Sarris
AstroBank in collaboration with Global Training and the University of Nicosia presents the distinguished economist Mr. Ilias Papaioannou in a discussion with the former finance minister and president of the Bank, Mr. Michalis Sarris, on the challenges that the global economy is expected to face in 2023.
Inflation, high public and private debt, interest rate hikes and a global economic slowdown, as well as the ongoing pandemic, are the main challenges facing businesses and citizens in 2023.
After after many years of price stability and satisfactory growth, today inflation remains at historic levels, despite a recent downward trend, while a severe economic recession threatens.
The next period for Greece and Cyprus will also be discussed and how it is erased in periods of uncertainty, such as the current one, where any forecasts are at risk, but also what tools the authorities have at their disposal to deal with the threatened recession.
Ilias Papaioannou is Professor of Economics at the London Business School and Academic Director of the Wheeler Institute for Business and Development.
Mihalis Sarris was elected to AstroBank's Board of Directors in May 2021, having served, among other things, as the highest executive of the World Bank and Minister of Finance of the Republic of Cyprus in the period 2005-2008.
The two interlocutors, in addition to explaining the challenges facing the economy internationally, will also give their views on what we can expect in the new year.
The discussion is part of the Life Changing Ideas events of the University of Nicosia and will take place at the Cine Studio on Thursday, February 2 between 6 p.m. and 7 p.m.
It is noted that the discussion will be held in the Greek language.
For more information, those interested can contact Global Training on the phone: 77778030.