U.S. Overview: Can the U.S. Engine Pull the Global Growth Train?
Monday, April 28, 2014 / 9:30 am - 10:30 am
Ross DeVol, Chief Research Officer, Milken Institute
Maria Contreras-Sweet, Administrator, U.S. Small Business Administration
Jim Moffatt, Chairman and CEO, Deloitte Consulting LLP
Sarah Quinlan, Senior Vice President, Market Insights, MasterCard Advisors
Bill Simon, President and CEO, Walmart U.S.
Eric Spiegel, President and CEO, Siemens USA
With the once-highflying BRICs and other emerging markets slowing, can the global growth baton be passed to the United States, or are conditions still too precarious? The U.S. seems poised to assume greater economic leadership, with its fiscal house finally in better order. Lower consumer debt, recovering home prices and stock market gains--supported by higher investment by businesses with large cash balances--all point to stronger growth. Exports, aided by a comeback in manufacturing and an energy production renaissance, are another potential source of expansion. In the second half of 2013, the U.S. had the strongest six-month growth rate in 10 years; then the economy slowed down in the first quarter of this year. Are these just the latest stops and starts in the erratic recovery? Will the Federal Reserve's tapering go well or create volatility in financial markets that unsettles the system? This session will tell you where the economy is at--and where it's going.