GLOBAL ECONOMIC PROSPECTS
Global Economic Prospects: Fall 2012
Adam S. Posen, Peterson Institute
David J. Stockton, Peterson Institute
Nicholas R. Lardy, Peterson Institute
Peterson Institute for International Economics, Washington, DC
November 8, 2012
The Peterson Institute held its 21st semiannual Global Economic Prospects meeting on November 8, 2012, focusing on the outcome of the US election and the change in Chinese leadership. The presenters forecast the outlook for the three areas with the greatest source of risk and opportunity to the global economy: the United States, Europe and the euro area in particular, and China.
David J. Stockton, the newest senior fellow at the Institute, presented the US outlook. Stockton formerly served as the chief economist at the Federal Reserve Board. Adam S. Posen, incoming PIIE president, analyzed the outlook for Europe and the euro area. Posen recently completed a three-year term as a member of the Monetary Policy Committee of the Bank of England. Senior Fellow Nicholas R. Lardy assessed the outlook for China. The Honorable Carla Hills, PIIE Board member, chaired the event and presided over the question and answer session following the presentations.