2022 has been a year of dramatic economic change. Supply-chain disruptions, inflation at 40-year highs, and interest rates surging at the fastest pace in decades have caused financial institutions and central banks to update their forecasts frequently. In addition, geopolitics is playing a new and more troublesome role in the medium and long term, causing structural shifts in the economy.
Integrating sound economic views can enhance the activities of all actors in financial markets using risk identification and assessment processes, modeling and validating, credit and market admission and monitoring, strategic actions, and even budgeting. At this meeting Erik F. Nielsen, Group Chief Economics Advisor at UniCredit Bank, will discuss what to expect for economic growth moving forward as well as the many risks and uncertainties present.
Erik’s presentation will cover:
• Short-term expectations for GDP and Inflation
• Various events and other risks that may alter forecasts
• His views on credit and equity markets
• Geopolitics and implications for medium- and long-term expectations for interest rates and inflation-neutral growth
• Guidance for risk practitioners
Welcome and Introductions: 5:00 – 5:05 pm CET
Presentation: 5:05 – 5:45 pm CET
Audience Q&A: 5:45 – 6:00 pm CET
Group Chief Economics Advisor, Unicredit Bank
Erik Fossing Nielsen has been Group Chief Economics Advisor at Unicredit Bank since January 2022, advising top management on macroeconomic and policy issues. Prior to joining UniCredit as Group Chief Economist and Global Head of CIB Research in September 2011, he spent 15 years as an economist at Goldman Sachs in New York and London. Previously he was in Washington DC for 10 years as an economist for the IMF and World Bank in various capacities.
Erik is one of the most widely quoted economists in the financial media and appears regularly as a guest host and commentator on Bloomberg TV, CNBC, CNN, and elsewhere.
Market Risk Analyst Global Market Risk Unit BBVA