He made some interesting observations on the economy, whilst acknowledging the seriousness of the situation he made a good attempt at putting a positive spin on the worlds economy.
Here are a couple of interesting quotes:
"It is the central irony of the financial crisis - caused by too much confidence, borrowing, lending and spending - that it cannot be resolved without more confidence, more borrowing, more lending and more spending....." (Larry Summers, former US Treasury Secretary, September 2011.)
"The global economy is in a dangerous new phase" (IMF WEO, September 2011)
Other headings that were discussed:
The World Economy - The Headwinds Grow
Policy paralysis has led to the 'good' being sold to pay for the 'bad'.
Tom was able to answer questions from the audience
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