February 23, 2016
The Philippine Institute for Development Studies (PIDS) conducted a seminar on Diminished Global Growth Prospects: New Economic Uncertainty and the Philippines on February 23, 2016, Tuesday, from 2:00 p.m. to 4:00 p.m., at the PIDS Conference Room, 18th Floor, Three Cyberpod Centris - North Tower, EDSA corner Quezon Avenue, Quezon City.
The year 2016 began with great market volatility from Shanghai to Wall Street. US recovery is slowing amid presidential campaigns while economic and political tensions are re-escalating in Europe. Japan is experiencing its third lost decade and China`s growth is decelerating. Brazil and Russia are amid contraction. World trade seems frozen. Oil and commodities are plunging. Currency wars are the new normal. Nevertheless, the US Federal Reserve is hiking rates. The Middle East is ablaze. Refugee crisis is the worst since 1945. How will emerging economies fare in the new normal? And the Philippines?
Addressing these issues was the seminar`s resource speaker, Dr. Dan Steinbock, a recognized expert of the multipolar world. He focuses on international business, international relations, investment and risk among the major advanced economies and large emerging economies, as well as multipolar trends in currencies, commodities, etc. Dr. Steinbock is also a visiting fellow at the Shanghai Institutes for International Studies SIIS (China). He has likewise served as Research Director of International Business at the India China and America Institute (USA) and Fellow at the EU Center (Singapore).