The global economy faces an exceptionally difficult period—one marked by heightened uncertainty and risks amid shifting trade and capital flows, and the pressures of sweeping transformations. This comes on top of persistently weak medium-term growth prospects held back by weak productivity growth, elevated debt levels and limit policy space for policy maneuver.
This seminar explore how countries can navigate this increasingly complex environment with the bold reforms and forward-looking policies needed to manage difficult tradeoffs, promote resilience, and boost growth , and the policy actions needed to build a more prosperous and resilient future.
Kristalina Georgieva, Managing Director IMF:
People are anxious because what has happened over the last weeks derailed what we expected to be some what good cluster but still not so bad growth so instead of having 3.3% this year now we project 2.8 half a percentage point, they’re anxious now that you you put a ban on uncertainty I’m going to say they’re anxious because there is a very big cloud hanging over our heads and it is difficult to see through.
They’re anxious because they are also unsure what is going to happen with inflation. We are projecting this inflation to continue somewhat more slowly but we are also saying it is going to be very different in different countries so no more central banks can sit next to each other in Bank for International Settlements (BIS) and look at each other’s note and say you’re doing this I’m going to do the same, they are also actually more upbeat on one thing now that the risk of losing rule-based global trade system has become more real they realize they really want it they value it they want to protect it that’s good for the IMF.
Speakers
Kristalina Georgieva, Managing Director IMF. Born Agust 13, 1953. Alumnus University of National and World Economy (1986), University of National and World Economy (1976)
Kristin J. Forbes. In 2019, Forbes was named an Honorary Commander of the Order of the British Empire (CBE) by Her Majesty Queen Elizabeth II. She is currently the Convener of the Bellagio Group and a research associate at the NBER and CEPR. She received her PhD in Economics from MIT and graduated summa cum laude with highest honors from Williams College.
Jörg Kukies, Federal Minister of Finance Germany. Dr. Jörg Kukies, born on February 21, 1968, in Mainz, Germany, is the Federal Minister of Finance since November 2024. He holds degrees in Economics from Paris 1 Panthéon-Sorbonne University, a Master of Public Administration from Harvard University, and a Ph.D. in Finance from the University of Chicago
Rachel Reeves, Chancellor of the Exchequer United Kingdom. Rachel Reeves attended the University of Oxford and studied Philosophy, Politics and Economics. She later obtained a Master of Science in Economics from the London School of Economic (LSE). She was an economist at the Bank of England following the completion of her studies.
Federico Sturzenegger, Minister of Deregulation and State Transformation Argentina, teaches at the University of San Andrés in Buenos Aires (UdeSA) and at the Kennedy School of Government at Harvard University. He is also Professor Honoris Causa at HEC Paris. He received his BA in Economics from the National University of La Plata in 1987 and completed his PhD at the Massachusetts Institute of Technology (MIT) in 1991.
Moderator: Sara Eisen, “Squawk on the Street” & “Money Movers” Co-Anchor.She is known for her deep expertise in financial markets and the global economy as well as regular news making interviews with some of the most prominent names in the financial world, including Phil Knight, Janet Yellen and Christine Lagarde, among others.
Posted by gandatmadi46@yahoo.com