Arguably, the unsustainable build-up of debt, in part fuelled by financial innovations, contributed to the great recession. Post-crisis, the recovery has been slow in coming. The West continues to rely heavily on loose monetary policies, while concerns over policy uncertainty and remaining financial risks, until recently, have inhibited an investments-led revival. The East responded with proactive counter-cyclical macro policies but had to also contend with excessive credit growth and asset inflation. The unfinished agenda in capital market and financial system development remains very much a concern; it has the potential to accentuate resources mis-allocation and poise a threat to overall macroeconomic stability. The major economies in the East, e.g., China, Japan, and India, are also launching structural reforms, including efforts to strengthen their financial systems. In this context of easy money and structural changes and challenges, our eminent panel will share their views on the prospects for the global economy, the critical risk factors we need to be aware of, and the key considerations relevant to long-term growth, particularly for Asia.