Livestream of the panel discussion on the Global Economic Outlook 2020 tackling the question: What fiscal and monetary measures are necessary to mitigate an economic downturn in 2020?
On the Forum Agenda:
Sajid Javid is a British Conservative Party politician who has served as Chancellor of the Exchequer since July 2019. He was previously Home Secretary from 2018 to 2019 and has served as Member of Parliament for Bromsgrove since 2010.
Zhu Min is a Chinese economist and is Deputy Managing Director of the International Monetary Fund. Zhu has held senior positions Bank of China from 2003 to 2009 and was a Deputy Governor of the People’s Bank of China from 2009 to 2010.
Steven Mnuchin is an American investment banker and civil servant who is serving as the 77th United States secretary of the treasury as part of the Cabinet of Donald Trump. Previously, Mnuchin had been a hedge fund manager and investor.
Olaf Scholz is a German politician of the Social Democratic Party of Germany serving as Federal Minister of Finance and Vice Chancellor under Chancellor Angela Merkel since March 2018. He served as First Mayor of Hamburg from 2011 to 2018.
Kristalina Georgieva is a Bulgarian economist, who is the managing director of the International Monetary Fund. She worked as chief executive of the World Bank from January 2017 to October 2019.
Haruhiko Kuroda, is the 31st and current Governor of the Bank of Japan. He was formerly the President of the Asian Development Bank from February 2005 to March 2013.
Christine Lagarde is a French politician and lawyer serving as President of the European Central Bank, since November 2019. Prior to this appointment, she served as Chair and Managing Director of the International Monetary Fund, between 2011 and 2019.
“Stakeholders for a Cohesive and Sustainable World” is the general theme of this year’s Annual Meeting of the World Economic Forum, taking place in Davos-Klosters/ Switzerland. 3,000 participants from around the world will be joining, with the aim to “give concrete meaning to ‘stakeholder capitalism’”.
The declared main focus is therefore to assist governments and international institutions tracking progress towards the Paris Agreement and the Sustainable Development Goals while also shaping the global, regional and industry agendas for the beginning of this decade.
However, the expectations on the outcome of this year’s meeting on the side of the initiators are high: “People are revolting against the economic ‘elites’ they believe have betrayed them, and our efforts to keep global warming limited to 1.5°C are falling dangerously short,” said Professor Klaus Schwab, Founder and Executive Chairman at the World Economic Forum. “With the world at such critical crossroads, this year we must develop a ‘Davos Manifesto 2020’ to reimagine the purpose and scorecards for companies and governments. It is what the World Economic Forum was founded for 50 years ago, and it is what we want to contribute to for the next 50 years.”
More information can be found here: