Debate on the Global Economy

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Location: AA02 Al Karaouine

 

OVERVIEW

 

While the global economy has shown some resilience after three years of large adverse shocks, medium-term growth prospects remain historically low. Moreover, policy space has become constrained by high debt levels, while the fight against inflation and risks posed by geoeconomic fragmentation are adding to the challenge of reinvigorating growth and ensuring high-quality jobs. This seminar will explore the future of growth. What should policymakers do to boost economic dynamism and sustainability in the medium term—from advancing reforms to improve the supply side of the economy, to managing the risks and seizing technological opportunities including advances in artificial intelligence, to leveraging the green transition?

PANELISTS

 

  Gita Gopinath
First Deputy Managing Director
IMF

Gita Gopinath is the First Deputy Managing Director of the International Monetary Fund (IMF) as of January 21, 2022. In that role she oversees the work of staff, represents the Fund at multilateral forums, maintains high-level contacts with member governments and Board members, the media, and other institutions, leads the Fund’s work on surveillance and related policies, and oversees research and flagship publications.  

Joyce Chang

Chair of Global Research, JP Morgan

Joyce Chang is Chair of Global Research for J.P. Morgan’s Corporate and Investment Bank. She has spent more than 30 years working in Global Research, with expertise in Macro, Fixed Income, Cross-Asset, Emerging Markets, Geopolitical, Strategic and Thematic Research. Joyce was most recently Global Head of Research, a role she held for more than five years (2014-2019). She was previously Global Head of Fixed Income Research and began her career as an Emerging Markets Strategist. From 1997 through 2012, Joyce held top rankings in Institutional Investor surveys for Emerging Markets research, earning 25 #1 individual rankings. In 2014, she was inducted into the Fixed Income Analyst Society Hall of Fame. In 2022, J.P. Morgan was named the top Global Research Team, #1 Global Equity Research Team, and the #1 Global Fixed Income Research team by Institutional Investor.

Joyce was a Managing Director at Merrill Lynch and Salomon Brothers prior to joining J.P. Morgan Chase in 1999. She is the Executive Sponsor for J.P. Morgan Chase’s network for employees of Asian heritage (AsPIRE) and on the Executive Committee of the Corporate and Investment Bank’s Women on The Move network. She serves on the Board of Directors of the German Marshall Fund, Trickle Up and the Fixed Income Analyst Society as well as the advisory boards for the Bretton Woods Committee, Center of Financial Stability and the Ray Dalio Health Justice Center at New York Presbyterian. She is also a member of the Council on Foreign Relations and Inter-American Dialogue. She has been named as one of the Top 25 Most Powerful Women in Finance by American Banker and included in Barron’s 100 Most Influential Women in Finance lists in past years.

Joyce holds an M.P.A. from Princeton and serves on its External Advisory Council for the Center for Public Policy, and has a B.A. from Columbia from where she was awarded the John Jay award for professional achievement and serves on its Board of Visitors and the Board of Directors for the Asian Columbia Alumni Association. She is also a member of Georgetown’s Global Business Advisory Board.

Ngozi Okonjo Iweala
Director General
World Trade Organisation (WTO)

Dr Ngozi Okonjo-Iweala is the Director General of the World Trade Organisation (WTO). She is an economist and international development expert with over 30 years of experience. She was Chair of the Board of Gavi, the Vaccine Alliance (2016 – 2020), the African Risk Capacity (2014 – 2020) and Co-Chair of The Global Commission on the Economy and Climate.  Previously, she served as Senior Advisor at Lazard and sat on the Boards of Standard Chartered PLC and Twitter Inc. Dr Okonjo-Iweala was appointed as an AU COVID-19 Special Envoy and WHO COVID-19 Special Envoy.

Dr Okonjo-Iweala served twice as Nigeria’s Finance Minister (2003-2006, 2011-2015), the first woman to hold the position, and spent a 25-year career at the World Bank rising to the No.2 position of Managing Director.

In 2020 Dr Okonjo-Iweala was named Forbes African of the Year. She has been ranked by Fortune as one of the 50 Greatest World Leaders (2015) and by Forbes as one of the Top 100 Most Powerful Women in the World consecutively for four years. She holds a Bachelor’s in Economics from Harvard University and a PhD from the Massachusetts Institute of Technology.

Christine Lagarde
President of the European Central Bank

Since November 2019, Christine Lagarde has been the President of the European Central Bank. Between 2011 and 2019, she served as the eleventh Managing Director of the International Monetary Fund (IMF). Prior to that, she served as the French Economic Finance Minister from 2007 to 2011 after having been the Trade Secretary from 2005 to 2007. A lawyer by background, she practiced for 20 years with the international law firm Baker McKenzie, of which she became global chairperson in 1999. She was the first woman to serve in all of these positions.

In 2020, Lagarde was ranked the second most influential woman in the world by Forbes and has been named by TIME as one of the 100 most influential people in the world. Christine Lagarde was named Officier in the Légion d'honneur in April 2012 and Commandeur dans l’ordre national du mérite in May 2021.

MODERATOR

 

Tom Keene
Co-Anchor
Bloomberg Surveillance

Tom Keene is the co-anchor of Bloomberg Surveillance on Bloomberg Television, weekdays from 5-7am ET and on Bloomberg Radio from 7-10am ET.

In addition to his work on Bloomberg Surveillance, Keene provides economic and investment perspective to Bloomberg Television and to Bloomberg’s various news divisions. Keene also founded the “Chart of the Day” article, available on the Bloomberg Professional Service. Keene is the editor of “Flying on One Engine: The Bloomberg Book of Master Market Economists,” published in 2005. (Two chapters appeared in the CFA Institute curriculum.) A graduate of Rochester Institute of Technology, Keene is a Chartered Financial Analyst and a member of the CFA Institute, the National Association for Business Economics, the American Economic Association, and the Economic Club of New York.

 

PHOTOS