GLOBAL ECONOMIC PROSPECTS
Global Economic Prospects: Spring 2011
Michael Mussa, Peterson Institute
Nicholas R. Lardy, Peterson Institute
Marcus Noland, Peterson Institute
Peterson Institute for International Economics, Washington, DC
April 4, 2011
The Peterson Institute hosted its nineteenth semiannual Global Economic Prospects program April 4, 2011. Senior Fellow Michael Mussa projected the world economy for the rest of 2011 and 2012. Senior Fellow Nicholas R. Lardy discussed the prospects for China, now the chief driver of global growth, and addressed several concerns that have recently been raised about its continued progress. Senior Fellow Marcus Noland analyzed key economic issues and recent developments in the Middle East and Japan for both those regions and for the rest of the world.
Michael Mussa was chief economist at the International Monetary Fund during 1991–2001 before joining the Institute and was previously a member of President Reagan's Council of Economic Advisers. Nicholas Lardy is the Anthony M. Solomon Senior Fellow at the Institute and has written widely on the Chinese economy, most recently including China's Rise: Challenges and Opportunities (2008) and China: The Balance Sheet (2006). Marcus Noland is deputy director of the Institute and has coauthored The Arab Economies in a Changing World (2007), which foresaw a number of the economic and social problems that are now surfacing across the region.