IHS World Economic Outlook Conference Fall 2011 – Recovery Stalled: Reinvigorating Growth While Tackling Debt

The global economic recovery has stalled. IHS Global Insight has downgraded its forecast for both the United States and Europe on recent data that suggests a much more fragile recovery. In addition, other risks to the recovery remain, including rising oil prices, faltering growth in emerging markets and fiscal policy and political concerns of both the U.S. and the Eurozone.

These and other issues will be explored by economists, industry leaders and policy experts at the IHS World Economic Outlook Conference, October 25-26, in Washington, D.C. They will evaluate the reasons behind the faltering recovery, the remaining risks to the forecast, and opportunities for spurring growth.

For more than 20 years, the World Economic Outlook Conference has been widely considered the leading forum on the direction of the global economy. This year's conference will offer critical assessments and analyses by experts from across IHS, as well as from outside experts, top academics and industry leaders. Issues to be examined include:

Can the U.S. and Europe avoid a recession?
Can we learn any lessons from European austerity programs?
What are the potential scenarios for Greece and other European periphery countries?
Will emerging markets be able to shrug off the effects of stagnation in the developed economies?
What are the consequences of a potential slowdown in the Chinese economy to global growth and commodity markets?
Should we continue to expect upward pressure on oil prices?

Speakers and Panel Discussion Participants:

Dr. Peter R. Orszag, former White House budget director and current vice chairman, Institutional Client Group, Citigroup, Inc.
Susan M. Collins, Joan and Sanford Weill dean of public policy, Gerald R. Ford School of Public Policy, University of Michigan (invited), former senior economist to Council of Economic Advisors
Sebastian Mallaby, director of the Maurice R. Greenberg Center for Geoeconomic Studies and Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations and author of “More Money Than God: Hedge Funds and the Making of a New Elite”
Nicholas Lardy, Anthony M. Solomon senior fellow, Peterson Institute for International Economics and an expert on the Chinese economy
Dan Balz, chief correspondent, The Washington Post
David Wessel, economics editor, The Wall Street Journal

“The risk with very weak growth in Europe and the United States is not so much that the recovery will implode on its own. Rather, a fragile recovery is much less able to withstand a shock—even a weak one,” said conference chair and IHS Chief Economist Nariman Behravesh. “Unfortunately, the list of potential risks is alarmingly long. The single-biggest risk facing both the United States and Europe is a policy mistake—specifically, an advertent or inadvertent tightening of policy. The uncertainty around what exactly policymakers are likely to do—faced with the twin challenges of weak growth and sovereign debt problems—is one of the biggest drags on growth.

"The impressive list of experts that will be addressing this fall's World Economic Outlook Conference will offer analysis and perspectives aimed at helping business leaders assess these challenges," Behravesh added.

Registration

The World Economic Outlook Conference and Applied Economic Insight Workshops will be held October 25-26, 2011, at The Fairmont Washington, D.C. Additional information and participant registration is available at http://www.ihsglobalinsight.com/gcpath/WEOCFall2011.htm

News Media

Members of the news media interested in covering the event can do so free of charge, but must register in advance by e-mailing jim.dorsey@ihs.com or katherine.smith@ihs.com.

About IHS (www.ihs.com)

IHS (NYSE: IHS) is the leading source of information and insight in critical areas that shape today’s business landscape, including energy and power; design and supply chain; defense, risk and security; environmental, health and safety (EHS) and sustainability; country and industry forecasting; and commodities, pricing and cost. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 5,100 people in more than 30 countries around the world.

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