They could default on their debts to england and of course 50 years later were still defaulting on the debts but we could be seeing a new Bretton Woods who knows whats going to happen but youre talking to simon dixon in the 2nd half about that in the meantime you know really whats going on is that through cities trap that weve talked about which is the rising power china always ends up in conflict with the decline in power which is the United States in the situation we certainly see that heating out and you see that however even in the attitudes of people around the world here is a chart which is worlds leading economic power this question was asked to people in advanced economies around the world and among advanced economy publics 48 percent thought china was the number one power 35 percent thought the u. S. And amongst germans it was 55 percent china as a leading power and 17 percent of the u. S. And this is unfathomable a low says adam to use this idea of the 3 cities trap you know
Impact its going to have on markets plus one of the major giants in the kobe 1000. 00 vaccine race has hit the brakes probably an unexpected event in trials we bring you up to speed on the slowdown and where the world stands in the sport for a cure and major markets for major major Global Regulators have come to an agreement on road rules for Digital Currency moving forward later on well have an indepth in tech and now with this with a packed show today so lets dive right in. And we lead the program with the International Monetary fund lightly more positive outlook for the Global Economy in the wake of the kobe 1000. 00 pandemic now according to the i. M. F. The Global Economy is now projected to shrink by 4. 4 percent this year and upward revision from junes us that of 4. 9 percent contraction now the organizations chief economist spoke about the factors which caused the upward revision during a briefing tuesday. As a result of. Eased lockdowns and Rapid Deployment of blood money in f
International Monetary Fund the slightly more positive outlook for the Global Economy in the wake of the kobe 1000. 00 pandemic now according to the i. M. F. The Global Economy is now projected to shrink by 4. 4 percent this year and upward revision from joins us from it of 4. 9 percent contraction organizations chief economist spoke about the factors which caused the upward revision during a briefing tuesday. As a result of eased lockdowns and Rapid Deployment of both monthly and fiscal policy support. The ones hes coming back from the depths of his collapse in the peak of this crisis which was the 1st half of the. Employment levels have partially rebounded after having plummeted to historically knows. That said this crisis is far from over. The ascent out of this calamitous Great Lockdown is like. To be long and even highly uncertain it is therefore essential a tricycle in Monetary Policy support and not treatment surely would draw on as best possible the i. M. F. Also altered its pr
A reminder for up to the minute developments this whedons they are twitter pages well worth a follow on ill be here with all the latest news and views gathered from across the globe in 30 hope youll join me venting. This is boom bust for the one business show you cant afford to miss branch of war in washington coming up the year of economic turn or the turmoil has seen a slight turn for the better at the International Monetary fund has revised its 2020 Global Outlook straight ahead were going to analyze the new report and what impact its going to have on markets plus one of the major giants in the kobe 1000. 00 vaccine race has hit the brakes probably an unexpected event in trials we bring you up to speed on the slowdown and where the world stands in the sport for fear and major markets are major major Global Regulators have come to an agreement on road rules for Digital Currency moving forward later on well have an indepth in tech analysis with a packed show today so lets dive right i
Provide strong support for the economy. Rates will remain accommodative until the economy is far long in its recovery. That should be a powerful statement. Inflation running persistently below 2 , we will aim to achieve inflation moderately above 2 for a short time. Longerterm Inflation Expectations remain well anchored at 2 . Labor market has improved, but it is a long way from maximum employment. My sense is that more fiscal support is likely to be needed. Details of that are for congress, not the fed. We believe the guidance we are providing will serve the economy well by promoting our goals through many paths the recovery may take. Alix moderately is what got everyone talking. Mark cabana, bank of America Global Research strategies. Nathan, broad strokes. The fed date with the market the fed did what the market said it would do. The issue here is not about the feds commitment where the power of the Forward Guidance. Pretty put down some stringent restrictions that will inern any fu