Economic Outlook: Getting Inflation Back Under Control
Thursday, September 29th, 2022
Inn at the Forks - 75 Forks Market Road
8:00 am - 10:30 am
Agenda
8:00 am: Registration and Breakfast
8:30 am: Presentation Starts
Cost to Attend
Fenestration Manitoba Members: $50.00
Non-Members: $75.00
*Includes a hot breakfast
The global and Canadian economies were recovering well in 2021 from the pandemic shutdown period. The combination of effective vaccines and treatments for COVID, plus exceptional monetary and fiscal stimulus, had permitted the gradual reopening of the economy and a return to a positive growth pathway for output and employment.
However, the combination of supply chain bottlenecks and a spike in energy prices largely due to the Russian invasion of Ukraine has led to soaring inflation in Canada and around the globe. Central banks were also slow to respond to the inflationary threat, exacerbating the situation.
The current economic outlook thus faces many complications and risks. Key questions include:
- When will inflation peak? How high will interest rates need to go to contain the inflationary pressures? And when can we expect inflation to begin to recede?
- Will rising interest rates hold back the recovery and even create conditions for a recession in Canada, the U.S. and elsewhere?
- What is happening with housing and equity markets, and related asset prices?
- Are there other longer-term challenges that will influence the growth capacity of the economy?
Presented by Glen Hodgson
Glen Hodgson Economist & Financial Consultant
Glen Hodgson has 40 years of experience in global and Canadian macro-economics, international finance, fiscal policy, and other “big picture” topics.
Glen’s career spanned the Conference Board of Canada, where he was Senior Vice-President and Chief Economist for over a decade; Export Development Canada (EDC); the Canadian Department of Finance; and the International Monetary Fund (IMF) in Washington D.C.
His current affiliations include: Senior Fellow at the C.D. Howe Institute; Chief Economist with International Financial Consulting Ltd; and expert advisor at the Canadian Institute for Climate Choices. He is interim Chairman of the Veristell Institute and a past president of the Ottawa Economics Association.
Glen was recently presented with the Ottawa Economics Association’s award of distinction, recognizing his contribution to Canadian economic analysis and policy. His recent work includes: CD Howe Institute research on climate risk management by Canadian banks, the governance of Crown corporations, and on the Canadian green bond market; a UN project to develop the first integrated national financial framework for Nigeria; the legislative review of EDC; and the economics of climate change and sustainable finance.
Glen has co-authored two books and written approx. 450 reports, briefings and articles. He has delivered many presentations to audiences of all types and sizes, and done numerous media interviews via print, TV, radio and social media.Glen is a graduate of the University of Manitoba (BA (Honours), 1978), and McGill University (MA and PhD candidate in economics, 1981).
