Growth precarious Global Economy Uncertain International Monetary Fund and the world bank kick off their annual Spring Meetings with warnings to the world. Also coming up after months of disagreements the e. U. Has green lighted trade talks with the us setting the stage for the real challenge convincing washington to agree to a deal. And its said to be one of the biggest Oil Refineries in the world built by the richest man in africa but will it be good for nigeria our correspondent funny went to find out. Welcome to the business im john nelda and in berlin good to have you with us its a recurring refrain by now but with undiminished urgency i dont use Conference Marking the start of their annual Spring Meetings the International Monetary fund
and the world bank said seventy percent of the Global Economy is caught in a slowdown Trade Tensions that distrust and for policy making arent helping either well talk to our correspondent in washington in a moment but first this report. Room Sixt
Growth precarious Global Economy Uncertain International Monetary Fund and the world bank kick off their annual Spring Meetings with warnings to the world. Also coming up after months of disagreements the evil has greenlighted trade talks with the us setting the stage for the real challenge convincing washington to agree to a deal. And is set to be one of the biggest Oil Refineries in the world built by the richest man in africa but will it be good for nigeria our correspondent funny for scharf went to find out. Welcome to the business im joined now the Melanin Brylin good to have you with us its a recurring refrain by now but with undiminished urgency at a News Conference marking the start of their annual Spring Meetings the
International Monetary fund and the world bank said seventy percent of the Global Economy is caught in a slowdown Trade Tensions that distrust and for policy making arent helping either well talk to our correspondent in washington in a moment but first this report
us now from wall street high and now earlier today trump tweeted about about how difficult a trading partner that you is any thoughts as to what that you can expect from talks going forward. it s difficult to put it mildly u.s. president donald trump is actually saying that the european union has been a brutal trading partner but all comes back to bite you whatever that means but we can probably expect some pretty rough trade talks and if you look at the trade balance the u.s. exports the goods in the amount of three hundred twenty billion dollars to europe and on the other side they import goods in the amount of four hundred ninety billion dollars meaning they re running a trade deficit with the amount of about one hundred seventy billion dollars and therefore the trump is ministration believes that they have the better cards in
joins us now from wall street hi ends now earlier today trump tweeted about about how difficult a trading partner that you is any thoughts as to what that you can expect from talks going forward. it difficult to put it mildly u.s. president donald trump is actually saying that the european union has been a brutal trading partner but all comes back to bite you whatever that means but we can probably expect some pretty rough trade talks and if you look at the trade balance the u.s. exports the goods in the amount of three hundred twenty billion dollars to europe and on the other side they import goods in the amount of four hundred ninety billion dollars meaning they re running a trade deficit with the in the amount of about one hundred seventy billion dollars and therefore the trump is ministration believes that they have the better cards in
its lowest level in fifteen months at the start of may that was and in argentina which is saddled with wardens three hundred twenty billion dollars in extra on a dead the peso dropped after jittery investors hit the exits so the turkish lira the argentinian peso of the indian rupee the south african rand all of these currencies have lost a great deal of their value what impact could this development have on the global economy and financial market that is something i would like to discuss now with the cold senior economist at bear bank good to have you with us let me start straightaway what is the biggest challenge for emerging market currencies right now well right now see is a stronger u.s. dollar and at least some emerging market economies come under pressure but there s a combination actually when we move from last year to this year and it s indeed also emerging markets themselves in terms of the gross momentum is weakening and