When: 18/1/2007, 18:30 - 21:00
Where: Munich, Germany
World output increased robustly in 2006 (5.1%) and is expected to grow 4.9% percent in 2007. Nevertheless, tighter conditions in financial markets, and the threat of an abrupt slowdown in the U.S. housing market should be highlighted as downside risks as the global economy enters the fourth year of this current expansion. Moreover additional risks arise from large global imbalances –especially in the US and Asia-- and the protectionist pressures in developed countries continue to prompt concerns.
Against this background, the session will review the macroeconomic developments in the world economy and their potential impact in the financial and economic situation in the European economy in the coming year.
The session will be held in Munich and will be followed by a light reception, to provide the opportunity to catch up with friends and colleagues.
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