Davos Annual Meeting 2007 - Global Economic Outlook 2007

http://www.weforum.org 27.01.2007
The Global Economic Outlook 2007
Consumer spending has helped drive robust global economic growth since 2002. But as the US economy slows and global interest rates rise in response to higher inflation, whether this expansion will go on or not is the subject of much debate.
1) What is the outlook for US consumer spending and growth given trends in housing prices and interest rates?
2) Will oil prices remain as volatile? What impact will that have on global growth?
3) Are China and other emerging markets generating enough domestic demand to reduce the world's dependence on the American consumer?
Montek S. Ahluwalia, Deputy Chairman, Planning Commission, India
Robert M. Kimmitt, US Deputy Secretary of the Treasury
Hiroko Ota, Minister of State for Economic and Fiscal Policy of Japan
Jean-Claude Trichet, President, European Central Bank, Frankfurt
Min Zhu, Group Executive Vice-President, Bank of China, People's Republic of China
Chaired by
Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom

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[yahoovisitor]

Global inflation arises mainly by a man due to his excessive greed leading to misplanning, deficit financing ceasing his ability to follow the basic principles of controlling it. Its based on dogmatism & confiscation of the basic rights. When a man becomes inhumane acquiring the worst characters devil is after him to follow. When he tries to deprive the other members of the society from the rights they all deserve. Chaos & anarchy with suicide bombing & global destruction are visible end results

[yahoovisitor]

Fake inflation of basic items of everyday life is being created, but the human life for which all this is being done seems to be of no price or having no value. Daily hundred thousands of human beings are losing life by different ways. Isnt it possible by United Nations, G-8 or some International Human Rights Commission to work out a formula of basic human rights & needs of life & implement it to end this situation of chaos ending in extremism or terrorism by unaccountable no of ways nowadays?