The global economy faces a myriad of challenges, stemming from the geopolitical risks such as the Russian invasion of Ukraine and high energy prices, stubbornly high inflation, slowdown in China, and a lack of global policy coordination.
Against this backdrop, this session is designed to invite global leaders, thinkers and/or policymakers to address the following questions, among others.
- What is your assessment of the global economy and major economies?
-When can we expect increasing inflation pressures to subside?
- What is your assessment of monetary, fiscal, financial policies of a few major economies – globally, the US, China, Japan, India, and Korea? Are we on the right track?
- Are we heading to another global recession? If so, what do you think the similarities or difference are with the 2008 global financial crisis?
- Do we have enough tools to deal with the global economic challenges?
- Will we see an intensifying US-China competition? What will be the main battlefields?
- Will energy prices still be high next year? Or will we see the energy prices stabilizing?
- Energy prices seem to have much to do with the Ukraine war. Can we expect it to end at any time soon? If not, what further impacts will it have on the global economy and which sectors in particular will be more adversely affected?
- We must not forget the lessons of the Great Depression. Unlike during the 2008 global financial crisis however, there is a deficit in global policy coordination. Will there be some meaningful global policy coordination to tackle the global economic difficulties? Where can we find such leadership? Can G20 and G7 save the world?