Paul Gigot
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- Milken Institute1h 0m
Lunch Panel: Global Overview
Michael Klowden, Pierre Beaudoin, Scott Minerd, Nouriel Roubini, Geraldine Sundstrom, Paul Gigot
In a panel on global economic trajectories, IMF data and experts like Nouriel Roubini and Geraldine Sundstrom assessed the divergence between slowing advanced economies and emerging markets, which now drive 80% of global growth despite structural risks like state capitalism in BRICS nations. While some forecasters predict a 2008-style credit bubble within three years due to artificial liquidity, others highlight long-term opportunities in "MIPS" countries and specific emerging markets with valuations cheaper than post-Lehman crisis levels. The discussion concluded with a consensus on the fragility of the Eurozone as the primary tail risk, yet maintained that infrastructure investment and emerging market expansion remain central to the 2030 and 2050 global economic outlook.