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Prospects of Economic Recovery

April 15, 2010

John S. Reed former CEO, Citicorp and Citibank

James Poterba professor, economics, MIT

In this lecture at the American Academy of Arts and Sciences, two renowned economic experts assess the prospects for the global economy and examine systems and procedures that are prerequisites for greater financial stability.

The Obama administration has expressed confidence that the country's economy will be stronger in 2010 due to the economic reforms undertaken and the expanding global economic recovery. Experts agree that the acute phase of the financial crisis has passed, but recovery is uneven and conditions for sustained growth remain fragile.

What are the challenges for the world's economies in the year ahead? What key factors will influence future economic performance? How can we strengthen global governance and implement decisive reforms of the global financial system? And, what are the short- and long-term outlooks for manufacturing, job growth, taxes, and inflation?

Topics: Business & Economics | Culture & Identity | People & Places | Politics & Public Affairs

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