The G20 in the aftermath of the crisis: a Euro-Asian view

Publishing date: 24 March 2009
Authors: Jean Pisani-Ferry Agnès Bénassy-Quéré

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In 2009 the global economy switched from recession to recovery. However, the pace of the recovery has been very different in different parts of the world, with the divergence between emerging and mature economies becoming greater than expected. Europe and emerging Asia are in this respect in clearly opposite situations, while the Japanese situation is closer to that of Europe than to those of its neighbours (Figure 1 on the next page).

About the authors

Jean Pisani-Ferry

Jean Pisani-Ferry is a Senior Fellow at Bruegel. He specialises in the economic impact of climate action, European economic policy issues and international collective action.

His research covers macroeconomic policy (including the economic implications of climate action and post-COVID recovery), global economic governance and multilateralism (examining how multilateral institutions confront global asymmetries), European integration, monetary-fiscal union, the euro area’s reform path and national policy analyses, especially French economic strategy and public-investment agendas.

He speaks English and French.

He is also a Non-Resident Senior Fellow at the Peterson Institute (Washington DC) and a Professor of Economics at Sciences Po (Paris). He serves as non-executive chair of I4CE, the French institute for climate economics. Pisani-Ferry served as Commissioner-General of France Stratégie from 2013 to 2016. In 2017, he contributed to Emmanuel Macron’s presidential bid as the Director of programme and ideas of his campaign. From 2005–2013, he was the Founding Director of Bruegel. Beforehand, he was Executive President of the French PM’s Council of Economic Analysis (2001-2002), Senior Economic Adviser to the French Minister of Finance (1997-2000) and Director of CEPII, the French institute for international economics (1992-1997).
Agnès Bénassy-Quéré

Agnès Bénassy-Quéré is Deputy Governor of the Banque de France and member of the Bruegel board. Before this, she was the chief economist at the French Treasury. She was a Professor at the Paris School of Economics - University of Paris 1 Panthéon Sorbonne, and the Chair of the French Council of economic analysis. She worked for the French Ministry of economy and finance, before moving to academic positions successively at universities of Cergy-Pontoise, Lille 2, Paris-Ouest and Ecole Polytechnique. She also served as a Deputy-director and as a Director of CEPII and is affiliated with CESIfo and IZA. She is a Member of the Commission Economique de la Nation (an advisory body to the Finance minister), of the French macro-prudential authority and of the Banque de France’s Board. Her research interests focus on the international monetary system and European macroeconomic policy.