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Inflection Points

Feb 22, 2020

Global investors underestimate downside economic risks

By Frederick Kempe

Global investors are being overly complacent about downside economic risks, aggravated by but not limited to the growing impact of coronavirus. They are underestimating the forces that are changing the very nature of the world economy – a growing degree of “deglobalization” in the face of US-Chinese decoupling. At the same time, they are overestimating the power of monetary and fiscal stimulus to keep the global economic party going.

China Economy & Business

Inflection Points

Feb 18, 2020

Munich special edition: Is it time to worry about Germany?

By Frederick Kempe

It’s easy to understand why Germans defend the status quo, which has served them well over the past few decades. What’s unclear is how Germany will react with so many certainties shaken: the shape of the EU, relations with the U.S., the stability of German politics, and the durability of economic growth.

European Union Germany

Press Release

Feb 15, 2020

US commits $1 billion dollars to develop Central European infrastructure

By Atlantic Council

“Secretary Pompeo's announcement of $1 billion for the Three Seas Initiative is a powerful demonstration of America’s continued commitment to Europe,” stated General James L. Jones Jr. (USMC-ret.), executive chairman emeritus of the Atlantic Council, who attended the Munich Security Conference. “It reflects America’s recognition of the strategic significance of Central Europe as well Washington’s high confidence in the economic vitality and economic prospects of the Three Seas region.”

Central Europe Economy & Business

Fred Kempe is the president and chief executive officer of the Atlantic Council. Under his leadership since 2007, the Council has achieved historic, industry-leading growth in size and influence, expanding its work through regional centers spanning the globe and through centers focused on topics ranging from international security and energy to global trade and next generation mentorship.

Before joining the Council, Kempe was a prize-winning editor and reporter at the Wall Street Journal for more than twenty-five years. In New York, he served as assistant managing editor, International, and columnist. Prior to that, he was the longest-serving editor and associate publisher ever of the Wall Street Journal Europe, running the global Wall Street Journal’s editorial operations in Europe and the Middle East.

In 2002, The European Voice, a leading publication following EU affairs, selected Kempe as one of the fifty most influential Europeans, and as one of the four leading journalists in Europe. At the Wall Street Journal, he served as a roving correspondent based out of London; as a Vienna Bureau chief covering Eastern Europe and East-West Affairs; as chief diplomatic correspondent in Washington, DC; and as the paper’s first Berlin Bureau chief following the unification of Germany and collapse of the Soviet Union.

As a reporter, he covered events including the rise of Solidarity in Poland and the growing Eastern European resistance to Soviet rule; the coming to power of Mikhail Gorbachev in Russia and his summit meetings with President Ronald Reagan; the wars in Afghanistan, Iraq, and Lebanon in the 1980s; and the American invasion of Panama. He also covered the unification of Germany and the collapse of Soviet Communism.

He is the author of four books. The most recent, Berlin 1961: Kennedy, Khrushchev, and the Most Dangerous Place on Earth, was a New York Times Best Seller and a National Best Seller. Published in 2011, it has subsequently been translated into thirteen different languages.

Kempe is a graduate of the University of Utah and has a master’s degree from Columbia University’s Graduate School of Journalism, where he was a member of the International Fellows program in the School of International Affairs. He won the Columbia Graduate School of Journalism’s top alumni achievement award and the University of Utah’s Distinguished Alumnus Award. He is a member of the Council on Foreign Relations.

For his commitment to strengthening the transatlantic alliance, Kempe has been decorated by the Presidents of Poland and Germany and by King Carl XVI Gustaf of Sweden.