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Davos Annual Meeting 2006 - Finding Balance in the Global Economy

http://www.weforum.org/28.01.2006The US is running the largest fiscal deficit in its history, largely financed by Asian central banks. Deflationary pressures have kept interest rates low, but a housing bubble in the US and parts of Europe is a cause for concern. It might take very little to spark a global recession.1) What could trigger a destabilization of the global economy?2) What measures are necessary to redress balance in the global economy?3) What can be done to sustain global growth?Palaniappan Chidambaram, Minister of Finance of IndiaLawrence H. Summers, President, Harvard University, USA; Co-Chair of the Annual Meeting 2006Heizo Takenaka, Minister for Internal Affairs and Communications and for the Privatization of Postal Services of JapanJohn A. Thain, Chief Executive Officer, New York Stock Exchange, USAJean-Claude Trichet, President, European Central Bank, FrankfurtChaired byMartin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom
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