pockets literally people look at their pay pockets next month and it won t register pockets next month and it won t register. in pockets next month and it won t rerister. . pockets next month and it won t rerister. , ., , , ,, pockets next month and it won t rerister. ,., , , ,, , register. in terms of business is, if they are register. in terms of business is, if they are the register. in terms of business is, if they are the drivers register. in terms of business is, if they are the drivers as - register. in terms of business is, if they are the drivers as they - register. in terms of business is, | if they are the drivers as they are described of the economy, we have seen the growth forecast cut and then hovering around that slightly anaemic level below 2%, how will they plan? ibig anaemic level below 296, how will the lan? ., . ., , they plan? big growth cut for this ear and they plan? big growth cut for this year and next. they plan? big growth cut for this year and
big trade surplus like china should let exchange rates rise. it warns runaway prices and too much credit are dangers. also keep in mind that china reported a trade deficit for the first quarter of this year, signalling it is making some gains and increasing imports and also domestic consumption. then we move on to japan. where the imf says japan s earthquake exacted a terrible human toll. but its impact on the global economy will be limited. that s what the imf says. japan s economy itself will suffer with its growth forecast cut to 1.4%. now, the global growth forecast remains unchanged at about 4.5% but the imf says the global economy is still running at two speeds. with developing economies on the fast track and developed economies in the slow lane. the imf s chief economist, olivier blanchard explained the situation to our max foster. the global economy is