Nobel Prize Winner Spence on Economy, Slow Growth

The transcript discusses the global economic outlook, highlighting bleak growth predictions from major organizations like the World Bank and OECD. It explores challenges such as income inequality, slack in labor forces, and youth unemployment. The discussion also covers the roles of monetary and fiscal policies, the impact of populism, and the need for structural reforms in Europe. The speaker emphasizes the importance of investment in a service-based economy and the potential for change during crises.

What are the bleak predictions regarding global growth mentioned in the text?

What factors could lead to a significant change in the current economic policy regimes?

How does the speaker view the situation in emerging economies, particularly China?

What challenges does the speaker identify regarding income inequality and youth unemployment?

What example does the speaker provide regarding investment in retraining for a shifting economy?

How does the speaker describe the disconnect between monetary policy and fiscal policy?

What does the speaker suggest about the future of the labor force and the service economy?