The 2014 G20 Growth Agenda: Why Business as Usual is Not Enough
Dr Martin Parkinson PSM, Secretary to the Treasury, Australia
Shona Riach, Director, International Finance, HM Treasury
David Vines, Professor of Economics; Tutorial Fellow in Economics (Lord Thomson of Fleet Fellow), Balliol College, University of Oxford
Chair: Paola Subacchi, Research Director, International Economics, Chatham House
In February, G20 finance ministers and central bank governors committed to boosting their collective GDP by at least 2 per cent above the current trajectory by 2018. Dr Martin Parkinson will explain the rationale behind the 2 per cent ambition, and how it can be achieved. While accommodative monetary policy remains necessary due to ongoing economic weakness and, in some places, deflationary pressures, prolonged low interest rates pose risks for financial stability. Dr Parkinson argues that a concerted effort to boost output through structural reform and quality infrastructure investment is required.
A light breakfast will be served at 8:00-8:15 prior to the discussion.
Attendance is strictly by invitation only.