Global economic outlook
An update on the financial recovery and the outlook for the world economy
David Bonderman, Founding Partner, TPG Capital
Adam Posen, Monetary Policy Committee Member, Bank of England
Min Zhu, Special Adviser to the Managing Director,International Monetary Fund
Moderator: Zanny Minton Beddoes, Economics Editor, The Economist
Zanny Minton Beddoes
Zanny Minton Beddoes is the Economics editor for The Economist magazine. She is responsible for coverage of the American economy, Western economic policy and issues surrounding globalization. She has been an influential commentator on the late-2000s recession.
David Bonderman, Founding Partner, TPG Capital.
Adam Posen is deputy director of the Peterson Institute for International Economics in Washington, DC, where he has been a senior fellow since 1997. His research covers macroeconomic policy under globalization, G-3 (US-EU-Japan) economic relations, and central banking issues.
Dr. Posen is the author, coauthor, or editor of seven books: The Euro at Five: Ready for a Global Role? (Peterson Institute for International Economics, 2004); The Future of Monetary Policy (Blackwell, forthcoming); Inflation Targeting: Lessons from the International Experience (with B. Bernanke et al., Princeton, 1999); Japan's Financial Crisis and Its Parallels with US Experience (Peterson Institute for International Economics, 2000); Restoring Japan's Economic Growth (Peterson Institute for International Economics, 1998); and Stabilizing the Economy (Blackwell, forthcoming). His forthcoming book, Reform in a Rich Country: Germany, supported by a major grant from the German Marshall Fund of the United States, will be published by the Institute in 2007. He has also published over 30 articles in prominent academic journals and conference volumes, including in Brookings Papers on Economic Activity and NBER Macroeconomics Annual.
Dr. Posen has been a visiting scholar and consultant at central banks worldwide, including the Bank of England, Deutsche Bundesbank, European Central Bank, and the Federal Reserve Board. He has been a consultant to several US government agencies, the International Monetary Fund, and the European Commission, as well as to leading multinational corporations and global financial firms. Often cited in the global press, his opinion pieces and columns have appeared in the Financial Times, the New York Times, the Wall Street Journal, the Washington Post, Die Zeit, and the Nihon Keizai Shimbun, among others.
Min Zhu, Special Adviser to the Managing Director, International Monetary Fund.
David Bonderman, TPG Capital founding partner, argues that Europe will recover economically without much change to their economic policy. "Europe doesn't intrinsically care about growth," says Bonderman. "The United States will do all kinds of things to get back to growth."