The New Normal – Asia After QE, a Resurgent US and a Rebalanced China [Sponsored Seminar - Fitch Ratings]

2 May 2014, 12:00 pm - 1:30 pm, Congress Hall 2

Central bank quantitative easing - a key pillar of economic growth since the global financial crisis – is nearing its end. While the eurozone slowly emerges from its sovereign debt crisis, signs of U.S. economic resilience and recovery are everywhere – home sales are rebounding, businesses are reinvesting, and banks’ balance sheets have become healthier. Asia and the Pacific economies, once the safe haven, are now confronted by new realities; or are they and the rest of the world doomed to another endless cycle of bubble, financial crisis and currency collapse?

Other questions arise:

  • How will the end of quantitative easing unravel in Asia and the Pacific markets and economies, where a tide of easy money has helped to swell stock, property and credit markets in the aftermath of the global financial crisis?
  • How will manufacturing hubs like China and Korea evolve as they wean themselves off exports to more sustainable economic models? 
  • How will new investment grade sovereigns like Indonesia and the Philippines respond to the challenge of continued reforms?

In this seminar, a panel of prominent investors, academics and corporate executives will join Fitch's senior analysts to debate the magnitude of these risks and what’s at stake for respective markets.


Bambang Brodjonegoro
Vice Minister of Finance, Indonesia

Patrick Chovanec
Chief Strategist and Managing Director, Silvercrest Asset Management

Diwa Guinigundo
Deputy Governor for the Monetary Stability Sector, Bangko Sentral ng Pilipinas

Marios Maratheftis
Global Head of Macro Research, Standard Chartered

Perry Warjiyo
Deputy Governor, Bank Indonesia

Moderator: James McCormack
Managing Director and Global Head of Sovereign and Supranational Ratings, Fitch Ratings

Download panelists' bios