Place:ICC, Level 1, Dong Yu Grand Ballroom B Time:16:45 - 18:00 Description:
-IMF President Christine LaGarde warned against the new mediocre (low growth, low inflation, high unemployment and high debts) of the world economy, and urged governments to take measures and prevent it from becoming the “new reality”.
-Larry Summers defines advanced economies with “long-term stagnation” (sliding potential growth, low interest rate, depressed productivity and rise in debts)
-Root causes of the New Mediocre: technology, demographics,income inequality, etc.
-What must we do to prevent it?