Global Economic Prospects: Fall 2012


November 8, 2012, 12:00 AM EST
Peterson Institute for International Economics, Washington, DC

Event Summary

The Peterson Institute held its 21st semiannual Global Economic Prospects meeting on November 8, 2012, focusing on the outcome of the US election and the change in Chinese leadership. The presenters forecast the outlook for the three areas with the greatest source of risk and opportunity to the global economy: the United States, Europe and the euro area in particular, and China.

David J. Stockton, the newest senior fellow at the Institute, presented the US outlook. Stockton formerly served as the chief economist at the Federal Reserve Board. Adam S. Posen, incoming PIIE president, analyzed the outlook for Europe and the euro area. Posen recently completed a three-year term as a member of the Monetary Policy Committee of the Bank of England. Senior Fellow Nicholas R. Lardy assessed the outlook for China. The Honorable Carla Hills, PIIE Board member, chaired the event and presided over the question and answer session following the presentations.

Event Materials

Presentation: The Euro Area 2013–14: Going Nowhere in Two Senses [pdf]
Adam S. Posen
November 8, 2012

Presentation: The Outlook for the US Economy after the Election [pdf]
David J. Stockton
November 8, 2012

Presentation: The Outlook for China's Economy [pdf]
Nicholas R. Lardy
November 8, 2012

Peterson Perspectives Interview: A Gloomy Outlook in Europe
Part I | Part II

Adam S. Posen
November 9, 2012

Peterson Perspectives Interview: Fiscal Cliff-hanger: The US Economic Outlook
Part I | Part II

David Stockton
November 8, 2012

Speech: Comments on "Methods of Policy Accommodation at the Interest-Rate Lower Bound" by Michael Woodford [pdf]
Adam S. Posen
August 31, 2012

Speech: Making the Most of Doing More [pdf]
Adam S. Posen
June 11, 2012

Policy Brief 12-8: Does Monetary Cooperation or Confrontation Lead to Successful Fiscal Consolidation? [pdf]
Tomas Hellebrandt, Adam S. Posen, and Marilyne Tolle
April 2012



About This Series

The Peterson Institute for International Economics holds its semiannual Global Economic Prospects each spring and fall to report its US and international economic outlook.