Are quite a surprise today experts thought that this would most likely happen later this year we are learning that Interest Rates will be lowered from 1. 75 to a level of only 1. 5 percent this is the 1st time this is happening for since 3 years that the south Korean Central Bank is making a decision like that and it said that they have to decide to do so in order to help the economy to recover a little bit of growth expectations have been declining there and also the inflation rate is lower than expected it is believed that it g. D. P. Growth of south korea will be only a fall off a level of 2. 2 percent this will be the slowest growth in the country since more than a decade and south korea is just like germany every export oriented country while this is happening the Monetary Fund the i. M. F. Has one that global trade is slowing and it is urging countries to avoid further conflicts and weve got a very interesting statement from the i. M. F. Chief economist lets listen in. This years
President wants to divvy up more than four trillion dollars plus investigators are still searching for the cause of a plane crash in russia which killed seventy one people on. South africas embattled president has been delivered a deadline state media reporting that jacob zuma has been given forty eight hours to resign by his party the African National congress that follows a mountain meeting to discuss his fate president serve is understood to have met to the main person to inform him of the partys decision from a poster ramped up the pressure on sunday saying the issue was causing disunity and discord zuma faces a number of corruption charges but is refused to stand down before his term ends next year the media has more from johannesburg. Theres been no official. A word from the African National congress as to the outcome of this meeting held by the National Executive committee the top Decision Making body of the a. N. C. But we do understand based on reports from the National Broadc
A Corruption Case that led to the downfall of the countrys president. Donald trump Spending Plans how the us president wants to divvy up more than four trillion dollars. South africas embattled president has been delivered a deadline state media reporting that jacob zuma has been given forty eight hours to resign by his party the African National congress it follows a marathon meeting to discuss his fate and see president zuma post is understood to have met zuma and person to inform him of the partys decision on a poster ramped up the pressure on sunday saying the issue was causing disunity and discord zuma faces hundreds of corruption charges but has refused to stand down before his term ends next year to be the miller has more from johannesburg. Theres been no official word from the African National congress as to the outcome of this meeting held by the National Executive committee this talk Decision Making body of the a. N. C. But we do understand based on reports from the National
Korea focused. Yeah exactly this Interest Rate cut by south korea has been are quite a surprise today experts thought that this would most likely happen later this year we are learning that Interest Rates will be lowered from 1. 75 to a level of only 1. 5 percent this is the 1st time this is happening for since 3 years that the south Korean Central Bank is making a decision like that and it said that they have to decide to do so in order to help the economy to recover a little bit of growth expectations have been declining there and also the inflation rate is lower than expected it is believed that to g. D. P. Growth of south korea will be only effort of a level of 2. 2 percent this will be the slowest growth in the country since more than a decade and south korea is just like germany every export oriented country while this is happening the Monetary Fund the i. M. F. Has one of global trade is slowing it is urging countries to avoid further conflicts and weve got a very interesting st
Bank of korea said he lowered to the key Interest Rate by a quarter percentage point to 1. 50 the decision came amid a brewing trade conflict with japan over its colonial past on the Korean Peninsula tokyo has put curbs on certain materials that south korean High Tech Companies need to produce smartphones and t. V. Sets. And its also far from plain sailing in japan figures just out show export struck 6. 8 percent in june analyst attribute of the poor figures to disrupt disruption caused by global trade conflicts a slowdown in chinas growth and low Business Confidence the latest sluggish export figures have prompted speculation that the bank of japan could be preparing to introduce new stimulus measures at the end of the month. And its certainly not just japan and south korea that are dealing with economic turbulence the International Monetary fund has just released a report warning that the economic crunch late between the United States and china is curbing trade globally. This years e