The Future of the Global Economy with Dr. Paul Achleitner, Chairman of the Supervisory Board of Deutsche Bank AG
March 2, 2016
The global economy has a growth problem, according to Deutsche Bank's Paul Achleitner. Despite aggressive and expansionary monetary policies which have become the traditional economic levers, central banks have not been able to engineer growth. Businesses are not spending or investing in new production, and consumer demand isn't strong enough to keep us on the path of sustainable growth.
In an address to the Johns Hopkins SAIS community, Achleitner explained that the corporate sector is facing too much uncertainty as rising geopolitical risks, domestic insecurity, technological change, and market volatility are slowing business investment and the global economy.
However, Achleitner remains an optimist. Among positive economic factors he cited, very large portions of the world population have growing needs which can generate demand; cheaper energy prices; technological advancements; and a financial system that is significantly stronger today than pre-2008. Lastly, Achleitner is encouraged by the fact that Europe has managed to muddle through recent crises and come out stronger in the end.
Video available at https://www.youtube.com/watch?v=hQUSURkldbE.