Friday, April 5 and Saturday, April 6, 2019 30th edition - Villa d’Este (Cernobbio)
The Outlook for the Economy and Finance 2019
The Outlook for the Economy and Finance is the workshop held every year in the spring at Villa d’Este in Cernobbio. After its September Forum, this is the most prestigious event organized by The European House-Ambrosetti and its scope is to examine and explain economic and financial scenarios—the current situation, new trends and prospects for the future, both conjunctural and structural, and potential areas of crisis—in Italy, Europe and the world.
Photogallery
Documentation and Speaking Points from the Workshop
- The numbers of the Finance Workshop 2019 – Infographic
- Degrowth, can it be happy? Opening Speech by Valerio De Molli
- Competitiveness of Europe and European Financial Markets – Panel contribution by Yves Mersch, Member of the Executive Board of the ECB
- Lettera Club 98 – Cashless transition in Italy: where we stand and what remains to be done for Italy
- Some economic forecasts: a comparative analysis
Papers and studies
- Ambrosetti Club Economic Indicator Forum 2019 - Has the Italian economic situation felt the effects of the summer crisis?
- Cashless Revolution: where we stand and what remains to be done for Italy 2019
- The banks of the future
- Position paper 2019 - Towards a hard Brexit: impacts and implications of an increasingly uncertain path
- Position paper 2019 - “The ratio of Italian public debt/GDP is currently -18% compared with the all-time high in the period after World War I"
Electronic Poll Results
- Corporate performance positive but economic growth and employment forecasts problematic: results of the first online survey
- Foreign investiment, for Italian businessmen Asia/Oceania is the most attractive area
- Propensity to invest rising, but political instability and Brexit could condition the business activity of Italian companies
- Financial services, Fintech can change the rules of the game
- Eurozone growth: solid the level of confidence in the future of European Union, Brexit surprise, that does not impact on company investment plans
- For Italian businessmen, without the single market, the Euro and European Institutions, member countries would be worse off
- Italian businessmen reject the actions of the government
AmbrosettiChannel
National and International Press Review
- Il Sole 24 Ore – Le previsioni dei manager? Il PIL peggiorerà?
- Il Sole 24 Ore – Economia in frenata e politica distratta
- Il Sole 24 Ore – I pagamenti digitali si trasformano in valore economico per la PA
- Il Sole 24 Ore – La Globalizzazione “corrosa” spaventa economisti e imprese
- Corriere della Sera – La Brexit? Per adesso fa male soprattutto agli inglesi
- Corriere della Sera – Il livello record del debito, come ai tempi di guerra
- Bloomberg – Surveillance Special: The Ambrosetti Spring Workshop (Podcast)
- Bloomberg –Italy’s Situation Has Deteriorated Steadily in Past Few Weeks: Padoan
- Bloomberg – Former PM Monti on Italy’s Budget, China Relationship, Brexit
- Bloomberg – Italy’s Former PM Letta Says Strong Change Needed in Economic Policy
- Bloomberg – OECD Says 14% of Jobs Will Disappear in Next 10 Years
- Bloomberg – JPM’s Frenkel Says Interest Rates are as Low as They Could Ever Be
- Bloomberg – Nouriel Roubini Is Certain There Won’t Be a Hard Brexit
- Bloomberg – El-Erian Warns of Growing Costs, Risks of Negative Rates
- Bloomberg – Italy’s Forecasts Much Gloomier Than a Year Ago, Ambrosetti CEO Says
- Bloomberg – Hard to See EU Agreeing to June 30 Brexit Delay: Jim O’Neill
- CNBC Europe – Economist Jim O’Neill says his fears over China are at a 30-year high
- CNBC Europe – Italy faces a ‘worrying situation with no ideas for the future,’ former leader warns
- CNBC Europe – There are signs that the 10-year bull market for stocks is ending, Jim O’Neill says
- CNBC Europe – A ‘Japanization’ of monetary policy in Europe might not be such a bad thing, Nomura’s Koo says
- CNBC Europe – After China, the US will ratchet up trade tensions with the EU, OECD chief economist warns
A prestigious event
This workshop’s prestige is due both to the importance of the issues examined and the array of speakers and attendees from around the globe that includes experts, Nobel laureates, presidents, CEOs, top managers of major corporations and representatives from leading political, economic and financial institutions, from both Italy and abroad.
The workshop has a strongly interactive nature with ample opportunity for debate and exchange, including outside the scheduled sessions.
Speakers
The last edition – the 29th – included among its speakers: Benoît Cœuré (Membro del Board Esecutivo della Banca Centrale Europea) Valdis Dombrovskis (Vice Presidente, Commissione Europea), Jyrki Katainen (Vice Presidente, Commissione Europea), Mervyn King (già Governatore, Bank of England), Elke König (Presidente, Single Resolution Board), Andrew Sheng (Chief Adviser, China Banking Regulatory Commission), Yngve Slyngstad (CEO, Norges Bank Investment Management, Norvegia), Jes Staley (CEO, Barclays, UK), Duvvuri Subbarao (già Governatore, Reserve Bank of India), Andrés Velasco (già Ministro delle Finanze, Cile).
Over the years, also hosted at Cernobbio have been Josef Ackermann, Joaquín Almunia, Giuliano Amato, Gary Becker, Fred Bergsten, Howard Davies, Wim Duisenberg, Stanley Fischer, Fan Gang, Enrico Giovannini, Otmar Issing, Mervyn King, George Mathewson, William McDonough, Robert Mundell, Christian Noyer, Edward Prescott, Alessandro Profumo, Raghuram Rajan, Eiusuke Sakakibara, Myron Scholes, William Sharpe, Vernon Smith, Pedro Solbes Mira, Michael Spence, Joseph Stiglitz, Domenico Siniscalco, Peter Sutherland, John Tiner, Michael Treschow, Giulio Tremonti, Jean-Claude Trichet, Paul Volcker e James Wolfensohn.
Luca Trovato
Management
luca.trovato@ambrosetti.eu