Dr. Paul Sheard, a noted and well-respected economist and Japan watcher based in New York, gave a wide-ranging presentation on the global economic outlook to IBA Japan members.
Dr. Paul Sheard, Chief Global Economist, Standard & Poor’s
We are pleased to welcome back S&P’s chief global economist, Dr. Paul Sheard, a noted and well-respected economist and Japan watcher based in New York, to give a wide-ranging presentation on the global economic outlook including the following themes:
- Will "Abenomics" both return a long-deflating economy to stable low inflation and deliver meaningfully higher real growth? Can it do this while "front-loading" fiscal consolidation in the form of a doubling of the consumption rate?
- Will the US recovery step up a notch or will a Fed starting to wind back monetary stimulus turn a tailwind into a new headwind to growth?
- Will the eurozone be able to grow in a sustained way after a double-dip recession, as policymakers continue to refashion the architecture of an unbalanced economic and monetary union?
- How badly will the Fed's policy normalization disrupt emerging market growth? What are the major geopolitical risks and how concerned should we be?
Paul Sheard is Chief Global Economist and Head of Global Economics and Research for Standard & Poor’s Ratings Services, leading a team of over 50 economists, researchers and quantitative analysts responsible for the macroeconomic forecasts used by Standard & Poor’s analysts during the ratings process, critical cross-sector research projects and ratings performance reporting.
He has extensive back ground in his career as Global Chief Economist at Nomura Securities, leading a team of 35 economists in seven countries, and a similar position at Lehman Brothers as Asia Chief Economist. Paul was also Head of Japan Equity Investments at Baring Asset Management. He has held faculty positions at Osaka University and the Australian National University, and visiting positions at Stanford University and the Bank of Japan.