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This year's "summer slowdown" has gone far beyond a mere correction after a temporary "warm winter" boost to activity. The US economy has lost momentum, and the global picture looks very worrying. Domestically, the fiscal cliff looms at the end of the year, but there is no sign that any action will be taken to address it this side of the presidential election. Businesses and consumers are behaving cautiously, and US 10-year yields are down to historically unprecedented levels.
During this webcast, we will review the outlook for the US economy and its prospects for pulling out of this soft patch and avoiding the risk of a full-fledged recession. We will also highlight the key economic issues at stake in the upcoming election and the key decisions that will have to be made if we are to avoid going off a fiscal cliff of extreme budget tightening in 2013. Some of the key questions we will address:
Nigel Gault, Chief US Economist for IHS Global Insight, is responsible for overseeing all aspects of the IHS macroeconomic forecasts and analyses of the US economy. He is frequently quoted in the press as a spokesperson for IHS Global Insight on the US economic outlook.
Dr. Gault possesses more than 25 years of experience in economic modeling, forecasting and analysis gained in the United States and Europe. He and his team produce short- and long-term forecasts for the US economy, integrated with IHS outlooks for energy, the rest of the world and key sectors of the economy. He and his team were named Forecasters of the Year for 2009 by Dow Jones Marketwatch for the accuracy of their projections of key economic indicators. His team is also a six-time winner of the Marketwatch Forecaster of the Month accolade, most recently in July and August 2011.
Gault has more than 20 years of experience in economic analysis and forecasting. He holds an MA in economics from Cambridge University and a PhD in economics from Harvard University.
Paul Edelstein is the Director of Financial Economics for IHS Global Insight. His responsibilities include US macroeconomic and financial market analysis, Federal Reserve analysis, and interest rate and credit market forecasting. He also serves as manager of the Canadian economics team in Toronto. Paul was formerly a Vice President and Senior Economist at Decision Economics Inc. in Boston.
He earned a Ph.D. in Economics from the University of Michigan and a B.Sc. in Policy Analysis and Management from Cornell University. Paul is a member of the National Association for Business Economics (NABE) and the Boston Security Analysts Society (BSAS).
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