[WEBCAST] The COVID-19 Economy: Recession and the Road to RecoveryVIEW EVENT DETAILS
7:30 p.m. Moderated Discussion
8:10 p.m. Audience Q&A – Questions welcome via the video chat
Nearly a year after the first businesses began to shutter amid COVID-19, the impact to the global economy has been felt widely across numerous industries. Businesses both large and small closed permanently, leading millions of people to lose their jobs, while financial markets experienced several extreme fluctuations since the start of the pandemic, some days surging and other days crashing. Out of this global recession, the road to recovery will look different for each economy. China is expected to be the only G20 country to experience economic growth for the year, with household spending rebounding along with increased retail sales and reopened movie theaters in the fall. Meanwhile, the U.S. has seen growing job gains across the country in recent months, with the unemployment rate falling to the single digits in August; however, experts worry over the impact of ending federal stimulus on consumer spending, the patchwork recovery across states, and the long road ahead.
Asia Society at Home
As the fight continues to contain COVID-19 cases and mitigate historic economic contractions, join Asia Society for a look at the impact the pandemic has had on the global economy, and what recovery will look like for China and for the U.S.
About the Speaker
Weijian Shan is chairman and CEO of PAG, a Hong Kong based private equity firm with $40 billion in capital under management. His firm invests throughout Asia and beyond. Prior to PAG, he was a partner of TPG, and co-managing partner of TPG Asia (formerly known as Newbridge Capital). Previously, Shan was a managing director of JP Morgan, and an assistant professor at the Wharton School of the University of Pennsylvania. He holds an M.A. and a Ph.D. from the University of California, Berkeley, and an M.B.A. from the University of San Francisco. He studied at Beijing University of International Business and Economics where he also taught as a faculty member.
Shan is the author of Money Games: The Inside Story of How American Dealmakers Saved Korea's Most Iconic Bank, Out of the Gobi: My Story of China and America, and of many commentaries published in the Financial Times, The New York Times, The Wall Street Journal, Foreign Affairs, and others.
About the Moderator
Martyn E. Goossen is Vice Chairman of the J.P. Morgan Private Bank. Marty has over 40 years of experience in financial services, nearly all of which has been in the wealth management field. The majority of his career was spent working in Asia. Marty and his wife, Kathy, moved to Hong Kong with Citibank in 1978 and transferred to Tokyo in 1984. Marty joined JPMorgan Chase in Tokyo in 1988 and remained in Asia until 2006, when he moved to Houston to take the position as head of the Houston Private Bank and President of the Houston Region. In 2017, Marty was appointed to Vice Chairman of the J.P. Morgan Private Bank focusing on the south region of the United States. Marty has undertaken a number of civic responsibilities in Houston. He serves on the boards of the Museum of Fine Arts, Houston, the Asia Society Texas Center, Central Houston Inc., and The Houston Zoo. He is also a member of the Council of Overseers at Rice University’s Jones School of Business and is a Director of the Singapore American School Foundation. Marty received his M.B.A. from Harvard Business School in 1977 and a B.S. in Economics from Union College in Schenectady, New York.
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Business and Policy programs at Asia Society Texas Center are presented by Bank of America, Muffet Blake, ConocoPhillips, ExxonMobil, and United Airlines. Major support comes from Nancy C. Allen, Chinhui Juhn and Eddie Allen, Nancy Pollok Guinee, and Mary Lawrence Porter, as well as The Brown Foundation, Inc. and Houston Endowment. Additional funding is provided by the Friends of Asia Society Texas Center, a dedicated group of individuals and organizations committed to bringing the best in public programming.
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About Asia Society at Home
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For event details visit https://asiasociety.org/texas/events/webcast-covid-19-economy-recession-and-road-recovery For event details visit https://asiasociety.org/texas/events/webcast-covid-19-economy-recession-and-road-recovery