When: Thursday, 26 January 2023, 9:00 for 9:30 start – 11:00

Where: London Chamber of Commerce and Industry (LCCI), 33 Queen Street, London EC4R 1AP

RSVP: Please register here by Wednesday, 18 January 2023

Places are limited (first come, first served)

Dress: Business attire

In its last economic outlook in October 2022, the IMF forecasts global inflation to rise from 4.7% in 2021 to 8.8% in 2022 but to decline to 6.5% in 2023 and to 4.1% by 2024. At the same time the IMF predicts global growth to slow from 6% in 2021 to 3.2% in 2022 and 2.7% in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. With debt levels globally at all-time highs, persistent high inflation and growth slowing, another difficult year marked by “FUD” (fear, uncertainty and doubt) in the real economy and financial markets might be more realistic.We are delighted to invite AERL Members to our annual New Year Reception with a high-level panel discussion on the Economic Outlook for 2023: will Inflation fall and Growth return? Please join the debate with leading economists who will discuss what 2023 has in store from a Global, European and UK perspective. The panel discussion is moderated by Marcus Rothen, Co-Chair of AERL, and will be followed by a Q&A and a Networking Reception. This event is kindly hosted by Richard Burge, Chief Executive at the London Chamber of Commerce and Industry (LCCI). Confirmed speakers include:

– Ms Silvia Ardagna, Managing Director and Head of European Economics Research at Barclays in London. Silvia joined Barclays in 2021 from Goldman Sachs, where she was a managing director in the Investment Strategy Group in the Consumer and Investment Management Division and in Global Investment Research from 2012 to 2021. Prior to joining the private sector, Silvia was an associate professor at the Department of Economics of Harvard University from 2004 to 2010. She has been a visiting fellow at the European Central Bank and The International Monetary Fund. Silvia is a leading expert in the area of fiscal policy. Her academic research has been published in top refereed journals and has been influential in shaping the policy debate around fiscal issues. Silvia earned a BA and MA in Economics from Bocconi University and a PhD from Boston College.

– Prof. Jagjit Chadha, Director of the National Institute of Economic and Social Research (NIESR). Previously he was Professor of Economics at the University of Kent and at Cambridge and Professor of Economics at the University of St Andrews and Fellow at Clare College, Cambridge. He has worked at the Bank of England on Monetary Policy, as Chief Quantitative Economist at BNP Paribas, and has served as Chair of the Money, Macro, Finance Study Group. He has acted as Specialist Adviser to the House of Commons Treasury Committee and academic adviser to both the Bank of England and HM Treasury, and to many central banks, as well as the Bank for International Settlements. In the City of London he was the Mercers’ Memorial Professor of Commerce at Gresham College from 2014-2018. He served as a member of the ESRC Strategic Advisory network until 2021. In the 2021 Queen’s Birthday Honours he was awarded an OBE for his services to Economics and Economic Policy.

– Mr Jamie Rush, Chief European Economist for Bloomberg Economics in London. He has previously worked at the UK Treasury, the New Zealand Treasury and the UK Office for Budget Responsibility. He holds a PhD in Economics.


9.00  Registration
9.25 Welcome and opening remarks by:
– Richard Burge, Chief Executive of LCCI
– Marcus Rothen, Co-Chair of AERL
9.30 Panel Discussion on theEconomic Outlook for 2023: will Inflation fall and Growth return?
10.00 Q&A, followed by a Networking Reception
11.00 End
19.00Networking reception

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