Thankorgie about you for joining us. Worryingld we start about the amount of debt we are generating and the impact it will have on the economy longerterm . First, thank you for having me. The worries about debt levels going up are not for now. For now, the biggest worry is we do not do enough to support the economy until we have a durable exit from the health crisis. With Interest Rates being record and government can borrow inject hopefully not only a recovery, but a more potent, higher productivity based growth so they can repay the debt they are acquiring now. Case for lowhe Income Countries already in distress. Importanty it is so we make sure they are provided with relief and they are supported with grants and concessional financing, a big theme for our annual meeting spirit for our annual meetings. Francine what is the biggest risk to your outlook . You say the recovery will be uneven, but you have increased your projection . Kristalina the situation today is less dire than it wa
Sharp snapback connectivity. It is a phase four package necessary . I think it is. The economy can get by without it until the election. Will bringnistration forward fiscal stimulus plans. I think we can make it to there. It is necessary as long as we get it in the next 12 two quarters, i think the recovery will be ok. In the meantime things are a delay ing, and ongoing negotiations does not help things. I think it hurts confidence and slows down economic momentum and prevents a quicker recovery of the economy. Back and forthd among three parties. The president of the United States, the Senate Republicans come in nancy pelosi. Hard to know where we are going. How big thef packages, there is a sense of whether it needs to be targeted or general. Can we if it does not address broad state assistance . Michael i think getting anything is better than getting nothing, for sure. Even if it were targeted on specific sectors like airline and maybe Small Business, that is better than doing nothi
Stimulus and higher bonld yields as well which reversed and went the other way. Dows down almost 300 points is this art of the deal or do traders really need to pare back their bets over stimulus lets get right to maike santol for the market reaction. What stands out to you right now . First of all, its an incredibly clean test of where the market was and what it was trying to bake in over the course of this rally which as will fred said was whats really fascinating too is the news came as the s p 500 was just hitting these levels that everyone has been saying oh were going to give room to this rally to get to 3425 and then well see what happens we were just above that in the afternoon and then we had this little reflex. I would caution everybody to keep in mind that we dropped to where we were trading yesterday morning right after the close. So there has been a little bit of a head of steam and builtup gains in this market this doesnt necessarily completely alter the premise of what w
Being only the secondwealthiest men in the world, is that right . In the last several decades, when the most important people in International Finance is not that well known to the public. Her name is kristalina georgieva. Now shes the managing director of the imf. Help countriesto that have financial problems. Today because of the pandemic, there are many people that are calling her. You have been a senior commissioner of the European Commission and now you are the managing director of the imf. Wasetting these positions, it more difficult because you are a woman or you are from a small country called bulgaria . Where was there more prejudice . Kristalina ultimately i got this job, so whatever the prejudice was did not hold me back. Make a call on that, i would say being from a small country always requires to work twice as hard to prove yourself. David when you are growing up in a small country and then behind the soviet iron curtain, did you ever think that you would wind up in these
Thank you very much, mr. Speaker. Yesterday was international know theay and i entire staff would like to thank nurses for their tireless work responding to the pandemic. And 13144 nhs workers social care workers deaths have been reported as involving covid19. Our thoughts are with their families and friends. Yesterday, mr. Speaker, this house heard of the tragic death of a woman abused for doing her job, utterly appalling. My thoughts and im sure the thoughts of the whole house are with her family. I have been meeting, and i shall have further conversations later in the day. Well my right honorable friend submit to prioritizing investments in low carbon infrastructure, such as the electric Vehicle Network in Renewable Energy production, which will also help the u. K. Meet its target by 2050 . Prime minister. Yes. Takeup ofe the electric vehicles, we are putting a further one billion pounds into infrastructure to prevent rage range anxiety. I call the leader of the opposition. Thank yo