The International Crisis and Future Economic Challenges
Author: Gikas A. Hardouvelis
Venue: 9th Economic Summit of the Republic of Serbia entitled “Weathering through the world Economic Crisis”
November 2, 2009
Dear Prime Minister, Deputy Prime Ministers, Governor of the Central Bank, honorary guests, distinguished ladies & gentlemen:
It is my great pleasure to be here today and say a few words on Weathering through the World Economic Crisis.
- I will begin with the question of whether or not the crisis is over.
- Then, I will give you my view on the evolution of the financial industry and world growth during the next decade in order to describe the global macroeconomic environment that the region will face in the future.
- My discussion will subsequently concentrate on the South Eastern European region and the effects the crisis has had so far.
- Lastly, I will focus on the new – more balanced – model of development for the region and for Serbia, given the changes that this international crisis has brought on the world economy.