- Europe making progress, but needs structural reforms and fiscal stimulus
- US economy strengthening, but room for rate hikes is limited
- Spain is a model for structural reforms
- For more information about the Annual Meeting 2015: http://wef.ch/davos15
Business leaders and policy-makers gathered for the 45th World Economic Forum Annual Meeting in Davos-Klosters told participants that Europe needs quantitative easing but that monetary policy alone will not restore growth and jobs to the region.
"We're all for quantitative easing in Europe, but it's not enough," Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University, USA, said. Summers said that quantitative
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