Macro & Micro Economic Analysis

[Webinar] “Inflation in the advanced economies – are we returning to the 1970s?”


The pickup in the global inflation rate to its highest level since 2008 has led to renewed attention being given to the Great Inflation of the 1970s.

In this webinar, Dr John Greenwood, a well-known monetary economist and famously known as the architect of Hong Kong’s currency peg, will share his unique perspective on the COVID-19 pandemic and the subsequent inflation. He argues that the current inflation in advanced economies has very little to do with the pandemic, fiscal expansion, supply chain disruptions, energy prices, or even the war in Ukraine.


Dr Greenwood will highlight:

• Cause of inflation
• Reason for the dramatic contrast of inflation problems between the advanced economies
• Why inflation has been persistent (as he predicted), not transitory
• Forecast about the trajectory for inflation in 2022-23
• Whether a US and global recession is inevitable – and when it will occur

This webinar will be moderated by Dr King Au, Executive Director of the Financial Services Development Council (FSDC).

Email us at [email protected] for bulk enrolment and enquiries.

Speaker/Course Instructor

Dr John Greenwood is the Chief Economist of International Monetary Monitor Ltd since 2022. Prior to this, he was the Chief Economist of Invesco Ltd. with responsibility for providing economic analysis and forecasts to Invesco portfolio managers and clients. He started his career in 1970 as a visiting research fellow at the Bank of Japan. In 1974 he joined GT Management as Chief Economist. The firm was acquired by Invesco in 1998. As editor of Asian Monetary Monitor in 1983, he proposed a currency board scheme for stabilising the Hong Kong dollar. He was a director of the Hong Kong Futures Exchange Clearing Corporation for four years until 1991, and in 1992 became a council member of the Stock Exchange of Hong Kong, a position he held for twelve months. In that same year, he was an economic adviser to the Hong Kong Government. He has been a member of the Committee on Currency Board Operations of the Hong Kong Monetary Authority since 1998. He is also a member of the Shadow Monetary Policy Committee in England, and he serves on the board of the Hong Kong Association in London.


Date & Time
Wednesday, 3 Aug 2022 (4:00PM - 5:00PM)
Virtual Platform
Relevant Subject
Type 1 - Dealing in securities
Type 2 - Dealing in futures contracts
Type 3 - Leveraged foreign exchange trading
Type 4 - Advising on securities
Type 5 - Advising on futures contracts
SFC:1.00, PWMA:1.00