Davos Annual Meeting 2005 – US Economic Recovery

A reality check on the US economic recovery.

The strength of the US economic recovery has left many pleasantly surprised. Industrial production is up sharply, business confidence and investment growth are buoyant, and global trade is growing at rates not seen in the past decade. And yet, the markets remain volatile. 1) How will authorities manage the transition to a higher interest rate environment against a background of persistently high current account deficits? 2) Are the concerns of the markets overblown? Maurice R. Greenberg, Chairman and Chief Executive Officer, American International Group, USA Richard C. Shelby, Senator from Alabama (Republican); Chairman of the Senate Banking, Housing and Urban Affairs Committee, USA Lawrence H. Summers, President, Harvard University, USA John B. Taylor, US Undersecretary of the Treasury for International Affairs Chaired by Maria Bartiromo, Presenter and Host, Closing Bell, CNBC, USA.

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