Event

Global Economic Outlook Conference: Germany

13th November 2024 – 9.00am

Expect to learn about the outlook for the global economy in 2025, with US growth once leading the pack amid looser fiscal policy. The outlook for Europe is one of cautious optimism, in which a recovery in real incomes and lower interest rates should help growth gain some momentum. But cautious consumers and widespread geopolitical risks will be a threat to the fragile recovery, and add on to Europe’s structural challenges.

Agenda

13th November 2024

09.00am

JW Marriott Thurn und Taxis-Platz 2 60313 Frankfurt am Main.

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09:00

Registration & Welcome Coffee

09:30

Treading carefully on the path to recovery

The European economy continues to grow at a modest pace, but growth concerns are increasingly taking centre stage. Against this backdrop, inflation should remain contained next year and the ECB will continue to cut interest rates over the coming quarters. Looser financial conditions should help the economy gain some momentum in 2025, but the impact of lower rates will diverge across countries and sectors.

Speaker: Angel Talavera

10:15

Coffee Break

10:30

When will the long-awaited industrial recovery arrive?

Globally, industrial production growth will register higher growth this year than in 2023, but this is cold comfort to Europe, which remains mired in industrial recession. Lower energy costs have improved the position of energy-intensive sectors, but the adverse impact of high borrowing costs on capital-goods sector activity has lingered longer than expected. We are likely at a cyclical bottom, but the ensuing recovery in 2025 will be fragile and take time to gain momentum. Once it does, unfounded worries about the permanent deindustrialization of Europe will recede.

Speaker: Jeremy Leonard

11:15

Coffee Break

11:30

2025 planning priorities for Corporates

Corporates planning for 2025 face a highly complex operating environment: from uncertainty around US trade policy, to a weak outlook for Chinese demand, tariff risks, and evolving industrial policy. In this session, we’ll discuss how questions around supply chain restructuring, trade policy, US and Chinese policy priorities, and demand dynamics interact to create risks and opportunities for corporates in 2025.

Speakers: Martina Bozadzhieva, Marcos Casarin