The state of the global economy: A conversation with US Treasury Undersecretary Jay Shambaugh 

Monday, April 10, 2023, 2:00 - 3:00 p.m. EDT
The Brookings Institution, Falk auditorium, 1775 Massachusetts Ave NW, Washington, D.C. 20036 

As global growth stagnates at below historical averages and inflation stays elevated well above pre-COVID-19 levels, the global economic outlook and financial stability remain uncertain:  Sovereign debt levels are rising, and international financial institutions and architecture must evolve to not only reduce global poverty and enhance inclusive growth but act on urgent challenges like climate change. To compound these issues, geopolitical dynamics are fraught: Russia continues its invasion of Ukraine, and relations between the U.S. and China are increasingly charged. As policymakers gather in Washington, D.C. for the World Bank/IMF Spring Meetings in April, there is a lot at stake in the global economy, and the U.S. Treasury Department has a unique role and perspective in helping to manage these challenges.

On the sidelines of the Spring Meetings, the Global Economy and Development program at the Brookings Institution will host a fireside chat with Jay Shambaugh, undersecretary for international affairs at the Treasury Department to discuss, among others, the global economic outlook, financial stability, and geopolitical dynamics coming to the fore this year. After a keynote address from the undersecretary on the state of the global economy and policy priorities, the vice president and director of the Global Economy and Development program, Brahima S. Coulibaly, will moderate a discussion with him on how to address some of the pressing global challenges. The moderated discussion will be followed by audience Q&A. 

Guests at Brookings are required to attest to their state of health before attending an event in person. Visitors may not enter the building if they are feeling ill for any reason, have any symptoms commonly associated with COVID-19, or have tested positive for COVID-19 at any time in the preceding 14 days.