OUTLOOKS FOR THE UNITED STATES, CANADA,
WORLD ENERGY MARKETS, AND THE BRICS:
SETTING THE WORLD ECONOMIC STAGE FOR 2009 AND BEYOND
A GLOBAL INSIGHT SEMINAR
19 NOVEMBER 2008
Crowne Plaza Ottawa Hotel I 101 Rue Lyon Street I Ottawa I Canada
Please join Global Insight at our upcoming seminar where expert economists will present their
latest views regarding the outlooks for the United States, Canada, global energy markets, and
the largest emerging markets — Brazil, Russia, India, and China (BRICs). We will also examine
the supply and demand conditions for key commodities and discuss how they will evolve.
Don’t miss this half-day event as we explore the role each factor will play in shaping the global
economy for 2009 and beyond.
GLOBAL INSIGHT SEMINAR
AGENDA 19 NOVEMBER 2008
8:00 A.M. REGISTRATION AND CONTINENTAL BREAKFAST
8:15 A.M. The U.S. Economy at a Crossroads: The Dynamics of Recession and Recovery
Is there light at the end of the tunnel for the U.S. economy? What do the underlying fundamentals
in the housing market look like at the end of 2008? After massive write-offs in 2007 and 2008, has the
U.S. financial system finally turned the corner? What will the monetary and fiscal policy landscape
look like after the November elections? Will the economy be able to stand on its own feet?
Nigel Gault, Group Managing Director and Chief U.S. Economist, Global Insight
Brian Bethune, Managing Director and Chief U.S. Financial Economist, Global Insight
9:00 A.M. World Energy Markets: World Demand and Supply of Crude Oil, Short-term Pressure Points,
and Longer-term Prospects
How much of the 2008 run-up in prices was connected with short-term “bubble” factors — Chinese
stockpiling of diesel fuel; geopolitical risks in Nigeria, the Middle East, and Venezuela; and
speculation—versus recent shifts in long-term supply and demand fundamentals?
Jim Osten, Principal, North American Energy Services, Global Insight
9:30 A.M. The Changing Economic Landscape in Canada: Will Regional Economic Dispersion
Improve in 2009?
The U.S. recession in 2008, combined with generally high levels for commodity prices, has pushed
the dispersion in performance across Canadian regions to historic levels. What is shaping up for the
regions in 2009, and will the wide dispersion in regional performance persist?
Dale Orr, Managing Director, Canadian Macroeconomic Services, Global Insight
10:00 A.M. BREAK
10:30 A.M. Outlook for Key World Commodity Markets
What does Global Insight anticipate for demand and supply conditions for key commodities in 2009?
How will the key global demand and supply drivers evolve in the future?
Sara Johnson, Managing Director, Global Macroeconomics, Global Insight
11:00 A.M. The BRICs: How Long Will the Juggernaut Continue? European Union: How Much Collateral
Damage from the Expected Construction Correction in Spain, Ireland, and the United Kingdom?
The BRICs continue to power forward, driven by high investment and savings rates, expanding
foreign currency reserves and sovereign wealth, and the generally high level for commodity prices,
despite the recent sharp downward correction. How significant will be the post-Olympics hangover
in China? Will the BRICs’ roses still be blooming in 2009? How will the key global demand and
supply drivers evolve in the future?
Nariman Behravesh, Chief Economist, Global Insight
12:15 P.M. ADJOURN