The Graduate School of Management of St. Petersburg University (GSOM SPbU) regularly holds events for students and alumni of the MBA and Executive MBA (EMBA) programs. On March 31, the Business School hosted a guest lecture by Vasily Dermanov, a professor of Executive MBA programs at GSOM SPbU, on the topic “The Global Economy in 2021: What Has Changed?”.

Vasily Dermanov discussed with business leaders and business owners how the cyclical recession and lockdown differ, how the central banks of different countries reacted to the contraction of the economy, the reasons for a significant increase in debt in almost all countries in 2020.

The participants discussed why cash injections into the economies of states did not provoke an increase in inflation, how it affected the stock market, and why the coronavirus hit the USA and other developed countries more strongly.

“Every manager is doomed in his or her own information field around the current operational activities. But looking at the situation from outside your own business or industry, is sometimes very necessary. Professor Dermanov's lecturers are a breath of fresh air! The opportunity to see the problems not just from a helicopter, but from space, not even at the macro, but at the global level is invaluable. This allows you to adjust the fundamental, strategic attitudes of work. I am grateful to GSOM SPbU and Vasily Dermanov for his intelligence and the highest professionalism," said Nikolay Podstrelov, a 2014 EMBA alumnus, Marketing Director of Digital Design CJSC.

“Vasily Dermanov's lectures are always fascinating and unexpected. The lecture "The Global Economy in 2021: What Has Changed?" is another confirmation of this: this is a huge, carefully structured factual material on the global financial macroeconomics and wonderful deep comments of the lecturer. These are answers to questions that you ask, and sometimes you don’t think about and which cannot or are very difficult to find in public speeches of TV / radio / Internet analysts. Finally, this is a new look at the surrounding economic and financial world, which I would like to discuss at the next meeting,” shared Yury Basin, a 2009 EMBA alumnus, Director of the Institute of Energy Electronics LLC.

Along with guest lectures, the Business School conducts workshops "Territory of Growth" — meetings of practitioners' club, and annual reunions of MBA and EMBA alumni. Such projects allow program's alumni to come to GSOM SPbU again, to communicate with colleagues and get a new boost of energy for professional development.