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Fidelity CEO speakers focus on growth in stagnant economic times

This year’s theme at the Fidelity Cayman Economic Outlook conference was Economic Stagnation: finding a path to growth.

International speakers brought their own unique perspectives to the many facets encompassed by the topic. Forbes magazine’s John Tammy made the case for why the rich are the real engine for economic growth, and RBC Caribbean economist Marla Dukharan countered by shooting holes in trickle-down economic theory.

Forbes magazine’s John Tammy delivers his presentation, titled ‘Why economic growth is so easy to achieve.’
Economist for RBC Caribbean Marla Dukharan’s presentation explored Trump, Brexit, and the implications on stagnation in our region.

“The rich and in particular, the super rich, have money to lose. They alone can take risks on new ideas that the average investor can not,” said Mr. Tammy.

“Trickle-down economics tell us that if you put money in the hands of the wealthy and the commanders of capital, they will expand their businesses, they will hire more people, they will invest,” said Ms. Dukharan. “It’s just a fantasy, trickle-down economics do not work.”

Both speakers looked at the emergence of President Donald Trump, Britain’s Brexit vote, and the international implications from the shifting political tradewinds.

About the author

Joseph Avary

Joseph Avary

Joe Avary joined the Cayman 27 team in January 2014, bringing nearly two decades of experience in TV news to the islands. He spends his time away from the office scuba diving, practicing yoga, and trying to make his friends laugh at his comedic stylings. He proudly calls the district of West Bay home, and loves nothing more than relaxing visits to the Sister Islands.

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