He Fan, economist at Caixin, said:“This shows that the macro economy has moved further toward stable growth and the economic structure is improving. Future fiscal and monetary policies must be coordinated and large-scale stimulus should be avoided as much as possible.”
With the majority of professional advisors (myself included) preaching the benefits of global diversification to their clients, 2014 looks more like a draw than an outright victory in the harsh light of December’s low winter sun. Consider the fact that, through last week, the MSCI World Index gained just 2% on the year, with nearly 5% drops for both the MSCI Emerging Markets index and the EAFE index of developed markets outside of the United States. Ironically, the single best-performing foreign market in the world, the Shanghai Composite of mainland Chinese equities (up 45%) is the only one that U.S. investors could not actually put their money into.
Addressing the environment is Diana Ürge-Vorsatz, CEU Professor and Director of the Center for Climate Change and Sustainable Energy Policy, along with Luis Gómez-Echeverri, Senior Research Scholar at IIASA. Taking on the economic angle is CEU Visiting Professor Dora Piroska and Matthias Thiemann from Sciences Po.
This discussion will be moderated by Andrew Solomon, former head of natural history and history at ORF, and editor of UNIVERSUM.
Since February 2019, CEU’s Borderless Knowledge series features CEU professors, leading Hungarian experts and well-known public figures discussing recent scientific findings and their direct impact on contemporary life. Previous talks from the series have covered topics of the pandemic’s preventability, imminent financial crisis, archeological mysteries, global warming, networks and research on childhood cognitive development.