OMFIF convenes an in-person roundtable to discuss the findings of the McKinsey Global Institute’s latest report, The rise of the global balance sheet: How productively are we using our wealth? This report looks at the global economy not through gross domestic product or other metrics of economic flows, but by borrowing a tool from the corporate world, the balance sheet. It provides an in depth look at the global economy after two decades of financial turbulence and more than ten years of heavy central bank intervention, punctuated by the Covid-19 pandemic. The report’s findings also raise important questions for policy-makers and business leaders that will be addressed in this meeting. Among them are: Is the global economy undergoing a paradigm shift as the world finds new sources of wealth? What might some of those new stores of value be? Are we at risk of reversion to the mean that could result in a decline in net worth? And what will it take to rebalance the global economy?
Moderated by David Marsh, chair of OMFIF, and featuring Eckart Windhagen, senior partner at McKinsey & Company, and Jan Mischke, partner at MGI, this invitation-only meeting takes place in the financial centre of Frankfurt. It will bring together European policy-makers and practitioners as well as representatives of the German financial community. The discussion delves into the report and the questions it raises about capital allocation, asset valuation and leverage.
Further details, including both the full version and executive summary of the MGI report, The rise of the global balance sheet: How productively are we using our wealth?, are available here.
David Marsh, Chair, OMFIF
Jan Mischke, Partner, McKinsey Global Institute
Eckart Windhagen, Senior Partner, McKinsey & Company
Please note that this in-person meeting will be held in Frankfurt. Further details regarding the venue will be made available to attendees shortly.
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