Top leaders and experts on the budget, private and public debt, finance, investments in jobs, infrastructure, nextgen tech, and international trade flocked to Washington D.C. to attend The Atlantic's 3rd Annual Economic Summit to analyze and examine challenges to a healthy and robust U.S. and global economy.
Taking place at the Capital Hilton, the first session “A Global Economic Outlook” was moderated by Edward Luce, the Chief U.S. Commentator and Columnist of The Financial Times.
At Atl Econ Summit. Better picture. #AtlanticEcon pic.twitter.com/74dvTbfZWJ
— William M Cunningham (@CreativeInv) March 18, 2014
Moderating a group of esteemed and accomplished experts, Luce discussed what he called a “relatively tranquil economy.” During the discussion, Craig Alexander, Senior Vice President and Chief Economist of TD Bank said he believed that growth from the global economy will occur from the advanced economies and the emerging market economies are where the bulk of the risks comes from. Peter Morrici, the Professor of International Business at the R.H Smith School of Business at University of Maryland, echoed the sentiment but saw risks as well as opportunities in the current economic climate. He even explained one of the main issues is that recent college graduates are no longer starting families and buying houses directly after college.
.@PMorici1 says that youth in places like Japan and US aren't having enough children. “Nothing stimulates growth like babies!” #AtlanticECON
— AtlanticLIVE (@Atlantic_LIVE) March 18, 2014
Morici also spoke about tools like Facebook & Twitter which have reduced the cost of doing business and cautioned and asked whether we should expect the same solution for this economy as those economic recoveries that took place in the past. This is because things have changed in what he called a “restructured economy.” He doesn't necessary believe this recovery should be cast in the same way as past recoveries.
Overall, the panelist spoke about numerous topics including about Putin, job growth, capital and investment. While they all spoke about growth in the economy, they did vary with exactly how much growth they expected would occur. Also, there was not a lot of discussion directly about entrepreneurship, but anything to do with the economy does affect and is affected by entrepreneurs and there was some valuable information that entrepreneurs and business owners should heed.
Tweets During the Event #AtlanticEcon
Craig Alexander of @TDBank believes that the Fed is going to continue tapering, but rates won't go up til late 2015. #AtlanticEcon
— AtlanticLIVE (@Atlantic_LIVE) March 18, 2014
Schwenninger: The most worrying thing about the recovery today is the sustained slowness of product capital. #AtlanticECON
— AtlanticLIVE (@Atlantic_LIVE) March 18, 2014
Other session throughout the day include a look at at the domestic economy and other topics related to the economy. People that will be speaking at the conference include Douglas Elmedorf the Director of the Congressional Budget Office; The Honorable Chris Van Hollen (D-MD), Ranking Member of the United States House of Representatives Budget Committee and other leaders and see the rest of the speakers.
To watch the rest of the summit, visit the link here and follow #AtlanticECON