The Global Balance Sheet Has Tripled Over the Past 20 Years – Should We Be Worried? 2021 | Institute of International Finance (IIF) | 1 December 2021 | Online Event
Venue
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| Event Date | Wed Dec 1 EST (about 3 years ago) |
| Location | Online Event |
| Region | Americas |
Details
In new research, the McKinsey Global Institute has built a balance sheet across corporate, public, household, and financial sectors. The findings raise important questions about the health and resilience of the global economy and capital allocation.
Although economies have become digital and investment in intangible assets has risen strongly, brick and mortar make up a much larger share of net worth than assets that typically drive productivity and growth. Moreover, asset values have tripled over the past decade and are now far higher than long-run averages. Individual countries have experienced this before- until a price correction typically turns into a financial crisis; this time around, the pattern seems globally synchronous.
While higher net worth is usually taken as a sign of prosperity, should we be worried about these developments? This online event will discuss how countries and companies can adjust to the apparent disconnect between wealth and GDP, find 21st century stores of value, and address growing financial imbalances that will determine the future course of the global economy.
Speakers
2021 Speakers
Clay Lowery
Executive Vice President, Research and Policy, IIF
Jonathan Woetzel
Director, Senior Partner, McKinsey Global Institute
Anu Madgavkar
Partner, McKinsey Global Institute
Jan Mischke
Partner, McKinsey Global Institute
MODERATOR:
Sonja Gibbs
Managing Director and Head of Sustainable Finance, IIF
PANELISTS:
Joyce Chang
Chair of Global Research, J.P. Morgan Corporate & Investment Bank
Lori Heinel
Executive Vice President, Global Chief Investment Officer, State Street Global Advisors
Ayhan Kose
Chief Economist and Director of the Prospects Group in the Equitable Growth, Finance, and Institutions (EFI) Practice Group of the World Bank
Isabelle Mateos y Lago
Managing Director & Global Head, Official Institutions Group, BlackRock, Inc.
Sponsors & Partners
2021 Partner
KNOWLEDGE PARTNER:
• McKinsey Global Institute