DAY ONE, 09:30-11:00
Renewed fears of a second dip in the advanced economies or alternatively the Japanese-like “lost decade” scenario are back. Government efforts to stimulate the economies in the advanced world helped to prevent deeper recession, but seemingly look helpless to generate sustainable growth. What else can governments do as rates are at near zero level, budget deficits are well above conventionally “safe” levels, debt to GDP ratios are raising? How the global economy will evolve in such an environment and what can be the engine of global economic growth in this decade? LatAm and Asia continue to grow fast even amid sluggish demand in the advanced market economies. Will there be enough potential for further growth in the emerging economies? Can they gradually de-couple economically from the overleveraged matured economies by increasing mutual trade? How is Russia positioned there?