In this talk inspired by his latest book Permacrisis: A Plan to Fix a Fractured World, Nobel Laureate MICHAEL SPENCE offers an informed and enlightening plan to take on broken approaches to growth, economic management, and governance. Spence focuses on solutions to the pervasive anxiety about the state of the world – a cascade of crises including sputtering growth, surging inflation, poor policy responses, an escalating climate emergency, worsening inequality, increasing nationalism, and a decline in global co-operation. Co-authored with Gordon Brown and Mohamed El-Erian, the ideas in Permacrisis offer a better path forward to a brighter future.

Nobel Laureate MICHAEL SPENCE explains why the global economy is no longer moving toward stability. He takes audiences inside the structural forces driving fragmentation, slower growth, and persistent volatility, and shows how leaders should interpret economic signals when traditional assumptions no longer hold.

Drawing on decades of policy and market analysis, MICHAEL SPENCE breaks down what central banks and governments can realistically influence in today’s environment. He explains where policy still matters, where expectations need to reset, and why many outcomes are now driven by structural forces rather than short-term intervention.

A leading voice on growth and technological change, MICHAEL SPENCE explains how artificial intelligence fits into the broader macroeconomic picture. He separates hype from impact, showing how technological change affects productivity and labor markets over time, and what leaders should watch as AI reshapes growth.