Davos Annual Meeting 2006 - Finding Balance in the Global Economy

816 views · Published 19 August 2009 · 1:14:49 · Indexed 20 September 2026

Channel: World Economic Forum · 2009 · News & Politics

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28.01.2006

The US is running the largest fiscal deficit in its history, largely financed by Asian central banks. Deflationary pressures have kept interest rates low, but a housing bubble in the US and parts of Europe is a cause for concern. It might take very little to spark a global recession.
1) What could trigger a destabilization of the global economy?
2) What measures are necessary to redress balance in the global economy?
3) What can be done to sustain global growth?
Palaniappan Chidambaram, Minister of Finance of India
Lawrence H. Summers, President, Harvard University, USA; Co-Chair of the Annual Meeting 2006
Heizo Takenaka, Minister for Internal Affairs and Communications and for the Privatization of Postal Services of Japan
John A. Thain, Chief Executive Officer, New York Stock Exchange, USA
Jean-Claude Trichet, President, European Central Bank, Frankfurt
Chaired by
Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom

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