'Productive' Capital: Private Investment for Europe's Future
Fraser Thompson, Senior Fellow, McKinsey Global Institute
Nicholas Crafts, Professor of Economics, University of Warwick
Amanda Rowlatt, Chief Analyst, Department for Business, Innovation and Skills, UK
Chair: Stephen Pickford, Senior Research Fellow, International Economics, Chatham House
Dr Fraser Thompson will say that while private investment was the hardest-hit component of GDP during the global financial crisis, it is also vital for recovery. He will contend that some investors would start spending again if governments took bold measures to remove barriers that now stand in the way, and that by removing regulatory barriers, European governments could, at a relatively low cost, unlock short-term private investment that would contribute to growth.
Dr Thompson will also argue that governments should consider new policies for investment: prioritizing sectors most likely to help renew GDP growth, identifying barriers in those sectors, executing cost-benefit analyses and building the skills necessary to implement these new policies effectively
Fraser Thompson is one of the authors of the McKinsey Global Institute report 'Investing in Growth: Europe's Next Challenge'.
Attendance at this event is by invitation only.