The global economy faces a pivotal year in 2024, with anticipated slowdowns in advanced economies sparking concerns among policymakers and businesses alike. Amid geopolitical tensions and persistent inflation, experts are exploring strategies to enhance economic resilience and ignite growth.
In a recent episode of Biz Talk, CGTN host Guan Xin sat down with Li Daokui, dean of the Academic Center for Chinese Economic Practice and Thinking at Tsinghua University, and Thomas Sargent, Nobel laureate in economics, to discuss the potential growth trajectories for the upcoming year.
Li Daokui emphasized the importance of innovation and infrastructure investment as key drivers to offset economic headwinds. \"Countries need to focus on sustainable development and leverage technological advancements to maintain growth,\" he stated.
Thomas Sargent shared his perspective on inflation and monetary policies, highlighting the need for coordinated global efforts to manage price stability while fostering economic expansion. \"Balancing inflation control with growth incentives is crucial for long-term prosperity,\" Sargent explained.
The discussion also delved into the impact of geopolitical risks, with both experts agreeing that fostering international cooperation is essential to mitigate uncertainties and support global economic stability.
As 2024 unfolds, the insights from Li Daokui and Thomas Sargent provide a roadmap for nations striving to navigate economic challenges and unlock new growth opportunities.
Reference(s):
cgtn.com
