This article was last updated on April 16, 2022
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PM Harper is attending a major international economic conference in Switzerland where he plans to deliver a speech which will insist Europe to act promptly to resolve its sovereign debt crisis.
Earlier on Tuesday, International Monetary Fund warned Europe of slipping into a mild recession which in turn will exhaust the rest of the world too. The IMF has also reduced its expectations for global growth, projecting 3.25 percent expansion compared to 2011’s 4 percent.
Harper is also scheduled to take part in a Q&A session during which he is likely to talk about how Canada and its banking system managed to withstand the recession better than most other countries.
Over 2,600 big thinkers from world’s top and emerging markets are attending the meeting. PM Harper is also set to meet with businesspeople from his native land, including Jim Leech of the Ontario Teachers’ Pension Plan, CIBC chairman Charles Sirois and the CEOs of Desjardins Group and Barrick Gold.
According to Scotia Capital economist Fred Ketchen, meetings of such nature are important. Ketchen said it is crucial everybody is “singing from the same choir book” when implementing solutions to support economies and financial institutions.
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