dollars

The impact of the US debt crisis on the global economy

Karen O'Donnell
editor at Chartwell Speakers

Speaking at the recent G7 meeting in Japan, Janet Yellen warned of the ‘dreadful global consequences’ if the US fails to raise the debt limit.

In March, we saw the swift demise of three US banks, followed soon after by the shock sale of Credit Suisse to UBS. While the economy and markets moved ahead following this mini banking crisis, the risk of more collapses is imminent in light of the US debt crisis, as well as further geopolitical issues. According to Moody’s, even a short debt limit breach could lead to a decline in real GDP and an increase in unemployment rate. The impact on markets is inevitable also, internationally as well as in the US.

As always, there are risks and rewards in any period of economic uncertainty. To gain insights on the ramifications of this possible fallout, we recommend these speakers based on their unparalleled knowledge and expertise:

martin wolf

Martin Wolf

Chief Economics Commentator at the Financial Times and author of “The Crisis of Democratic Capitalism” and “The Shifts and the Shocks”

kathryn judge headshot

Kathryn Judge

Professor of Law at Columbia Law School and author of “Direct: The Rise of the Middleman Economy and the Power of Going to the Source”

andy haldane

Andy Haldane

HM Treasury Economic Advisor and former Chief Economist at The Bank of England

Tina Fordham headshot

Tina Fordham

Leading independent geopolitical strategist, first Chief Global Political Analyst on Wall Street (Citigroup) and Forbes contributor

Raghuram Rajan

Raghuram Rajan

Professor of Economics at the University of Chicago, Governor of the Reserve Bank of India (2013-2016) and author of “Fault Lines: How Hidden Fractures Still Threaten the World Economy”

william sheng

Andrew Sheng

Chief Adviser to the China Banking and Insurance Regulatory Commission, a member of the international advisory council of the China Investment Corporation and the China Development Bank

Carmen Reinhart speaker

Carmen Reinhart

Professor of Economics at Harvard, Chief Economist of the World Bank (2020-22) and co-author of “This Time is Different”

Maurice Obstfeld

Professor of Economics at University of California, Berkeley and Chief Economist at the International Monetary Fund (2015-2018)

edward chancellor

Edward Chancellor

Financial historian, author of “Devil Takes the Hindmost” and “The Price of Time”, winner of the 2023 Hayek Book Prize

We all know that forewarned is forearmed! Please be in touch to explore how we can be of assistance and to secure the right speaker for your event.

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