Lawrence Summers, the renowned American economist who served as the 71st United States Secretary of Treasury from 1999 to 2001 under Bill Clinton, as well as the director of the National Economic Council from 2009 to 2010 under Barack Obama, will be offering his insights into the global economy and financial markets during the 13th edition of AIM Summit being held on Nov. 21 and 22, 2022 in Dubai.
AIM Summit is the region’s leading forum for providing insights on investment developments and global market conditions. This year, special emphasis is placed on the current global economy, inflation, stagflation and recession. Summers will provide his views on why the U.S. will likely be headed into a recession within the next two years, then he’ll discuss how globalization, trade and technology will play a pivotal role in the future of the global economy. Summers will also be sharing his views on crypto and blockchain.
As the leading voice in the national debate on inflation, Summers repeatedly called out the potential for inflation in the U.S. in 2001, while the U.S. Federal Reserve and many economists viewed rising prices as transitory.
Commenting on his participation at AIM Summit, Summers stated, “Investors in alternative assets must navigate a challenging macroeconomic environment today and anticipate how it will impact their portfolios tomorrow. At the AIM Summit in Dubai, I will address some of the most pressing questions investors should be asking: Will the Fed’s newfound hawkishness lead to a painful recession, or will they engineer a soft landing? Will we return to the post-2009 era of secular stagnation, or a new paradigm? Will prognostications of China’s economy overtaking America’s prove similar to those of Russia and Japan, which look ridiculous today?”
Raha Moradi, CEO of AIM Summit, stated:
“We are honored as organizers of AIM Summit to be welcoming a well-renowned economist and top U.S. official such as Lawrence Summers. His views on the U.S. and global inflation, recession, and world policies will offer our audience valuable information that will benefit their policies and strategies moving forward. Investors and policy makers alike across the GCC and MENA region are invited to join us as we hear Summers’ predictive insights.”
The AIM Summit gathers and connects global industry leaders with investors in hedge funds, private equity firms, venture capital organizations, digital assets and fintech. This year, the summit will cover topics pertaining to portfolio construction, emerging markets, frontier markets, private credit, hedge funds, the future of digital assets, NFTs, the Metaverse, crypto mining, ESG, impact investing and Web 3.
About AIM Summit
AIM Summit began over seven years ago with a mission of connecting people, connecting ideas and connecting markets in alternative investments. AIM Summit is the leading alternative investment management summit covering hedge funds, private equity, venture capital, digital assets and private debt, gathering the best minds in the alternative investment industry with the largest allocators.
AIM Summit is a platform for discussions on investment developments, global market conditions and latest trends, and acts as a networking forum for future business opportunities. It is the only conference of its nature and magnitude, and is organized by the industry in an intimate setup to induce real discussions on best practices and know-how.