Wednesday, September 30, 2020, 11:30 AM – 1 PM EDT
Jeff Rosensweig, Professor of International Business and Finance, Director, John E. Robson Program for Business, Public Policy, and Government, Goizueta Business School
“The Global and US Economic Outlook at a Time of Massive Uncertainty”
Forecasting the path of the economy and financial markets is always difficult, but the level of uncertainty now may be unprecedented. Along with the usual strictly economic and financial variables that lead to volatility, the future is clouded by a global pandemic and geopolitical factors. Goizueta’s Professor Jeff Rosensweig may not be able to predict the clearing of these clouds, but he can and will tell us much more about the most threatening of them, enlightenment of a sort, at least. Viz.
The US and global economies, and financial markets worldwide, have been rocked by pandemic-induced volatility. Added to that is the uncertainty stemming from the upcoming US election, one that presents an especially stark contrast. More important for the long run, a surprising and worrisome new feature is the rise of populism and authoritarianism in key economies. The threat to the liberal western democratic order and the Pax Americana that has added stability since WW II is profound. Finally, the clock is ticking and the question remains if the global community will act swiftly and strongly to forestall cataclysmic climate change.