Dr. Mark M. Zandi discusses the factors that have weighed on the economic recovery, including the housing crash, deleveraging, fiscal drag, and the loss of confidence and heightened uncertainty. Each of these factors will soon become less weighty, suggesting the economic recovery should gain traction as we move to the middle of the decade.
Download the transcript (pdf, 190 kb)
Download the presentation slides (pdf, 491 kb)
This video is also available on our YouTube channel.
About the Speaker
Mark M. Zandi is chief economist of Moody’s Analytics, where he directs economic research. Moody’s Analytics, a subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a cofounder of Economy.com, which Moody’s purchased in 2005. He conducts regular briefings on the economy for corporate boards, trade associations, and policymakers at all levels. Dr. Zandi is often quoted in national and global publications and interviewed by major news media outlets, and is a frequent guest on CNBC, NPR, CNN, Meet the Press, and various other national networks and news programs. He is the author of Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis, described by the New York Times as the “clearest guide” to the financial crisis. His new book, Paying the Price, provides a road map for meeting the nation’s daunting fiscal challenges.
Dr. Zandi earned his B.S., M.A. and Ph. D. from the Wharton School at the University of Pennsylvania. See his page on Moody’s Analytics.