At the 8th of December 2017, the Economic Council Germany in London is hosting – in collaboration with the Economic Council Germany – the presentation of the Annual Report 2017/18 of the German Council of Economic Experts (GCEE) by council member Prof. Volker Wieland followed by a discussion chaired by Elga Bartsch, Global Co-Head of Economics & Chief European Economist
The German Council of Economic Experts (GCEE) has presented its Annual Report 2017/18 to the German Chancellor on the 8th November 2017. The GCEE expects gross domestic product (GDP) to grow by 2.0 % in 2017 and 2.2 % in 2018. This puts the rate of expansion ahead of the potential growth rate of 1.4 %. Production capacities are over-utilised. For the euro area, the GCEE forecasts GDP growth of 2.3 % in 2017 and 2.1 % in 2018. The GCEE is convinced that German budget surplus opens up space for growth-friendly reforms. The high degree of monetary policy expansion and higher rates of growth and expansion requires a strategy or monetary policy normalisation and an earlier than planned end to the bond purchase programme. Prof. Volker Wie-land will present the key results of the recently published annual report. In the following Q&A chaired by Elga Bartsch, Global Co-Head of Economics & Chief European Economist at Morgan Stanley, investors, members and guests have the ability to discuss the results.
Prof. Volker Wieland is an expert in monetary theory and policy and has been a member of the Economic Advisory Council since 2013. He holds the Chair for Monetary Economics and is the Managing Director of the Institute for Monetary and Financial Stability at the Goethe University in Frankfurt. Volker Wieland completed his PhD at Stanford in 1995 and worked at the Federal Re-serve for the next five years in Washington. Volker Wieland began his professorship at the Frank-furt Goethe University in November 2000. Since then he has also been active as a consultant to the European Central Bank, the European Commission and the Central Bank of Finland.
An invitation has been sent to the members of the Economic Council Germany in London, The Economic Council and friends. The number of participants is limited.