FGV debates world economy in New York
On Tuesday, May 15, FGV Projetos and the Brazilian-American Chamber of Commerce held, in New York, the seminar II World Economy and Brazil. The event took place at the University Club and brought a current view on the behavior of the Brazilian economy, considering the opportunities and critical issues for national performance. The event was attended by Paul Volcker, former chairman of the Federal Reserve; Luciano Coutinho, BNDES' president; Cesar Cunha Campos, FGV Projetos' director and Carlos Langoni, former president of Brazil's Central Bank and director of FGV's Center for World Economics. Paul Volcker, former economic adviser to President Barack Obama, and considered a living legend of global finance, presented the outlook for the U.S. economy. Grappling with high unemployment, the labor market in the U.S. has shown improvement in recent months. According to Coutinho, financial crises require a long time to be digested and the 3% growth of emerging economies is a success in the current scenario. More than 250 participants, including banks and companies' CEOs, entrepreneurs, government officials, members of academia, Brazilianists and investors were able to learn a bit more about Brazil and world conditions in a short to medium term. The second edition of the World Economy and Brazil demonstrates the importance of this type of initiative - which was supported by Bradesco and the Financial Times.