Welcome to the second day of the policy conference. My name is ilan kolet. Im the head of inflation and Commodities Research at Fidelity Investments in boston. Today, we have the pleasure of hearing the latest views from World Bank President David Malpass. President malpass is the 13th president of the world bank group. A term he began last year. Prior to joining the world bank, he served as undersecretary of the treasury for international affairs, founded a Macroeconomics Research firm, and served as the chief economist at bear stearns. While many of us know him now as a policymaker, there is a very long history in private sector macroeconomic analysis. Yesterday, when i was chatting with a retired friend of mine, he mentioned that the best moderators are funny, fluid, and forgettable. With that, president malpass, the floor is yours. That was funny and fluid and everybody will remember it. So you failed. Well, ilan, im very pleased to be here. Ive got some notes, and then ive got som
Welcome to the second day of the policy conference. Im the ahead of inflation, oddities research and fidelity in boston and today we have the pleasure of hearing the latest views from the 13th president of the World Bank Group determined he began last year prior to joining he served as undersecretary of the treasury for international affairs, founded a Macroeconomic Research firm and served as the chief economist while many of us know him now as a policymaker there is a very long history in the private sector economics. When i was chatting with a friend of mine he mentioned the best moderators are funny, fluid and forgettable. With that, the floor is yours. Im very pleased to be here. Ive got some notes and then it is nothing as to tell people about and am looking forward to the conversation and the National Association the meetings were one of my favorite in the 1980s when i was at the Senate Budget committee and the joint Economic Committee select switched on to be back and see some
The World Bank Group determined he began last year prior to joining he served as undersecretary of the treasury for international affairs, founded a Macroeconomic Research firm and served as the chief economist while many of us know him now as a policymaker there is a very long history in the private sector economics. When i was chatting with a friend of mine he mentioned the best moderators are funny, fluid and forgettable. With that, the floor is yours. Im very pleased to be here. Ive got some notes and then it is nothing as to tell people about and am looking forward to the conversation and the National Association the meetings were one of my favorite in the 1980s when i was at the Senate Budget committee and the joint Economic Committee select switched on to be back and see some old friends. The 1980s was an important time for u. S. Growth but like today, the years presented challenges for growth especially for the developing countries theres quite a few topics today but the one id
Return to growth. Results expected to confirm a 60 drop in operating profit rate and south korea Industrial Production for the month of june, when it comes to the seasonally adjusted monthtomonth we are seeing growth of 0. 2 . But still growth recovery from the contraction we saw in the previous. Estimates ofssing growth of 0. 3 . The number for may has been revised to a smaller concoction that it was thought initially, to a contraction of 1. 3 from a. Yearonyear, it is a bigger contraction than expected, a contraction of 2. 9 . The estimate was for a fall of 2 . It would mark the second consecutive month that the year on year gauge is in contraction for factory outputs and south korea. So both numbers missing estimates. The bigger fall is on the ronyear number from 2. 9 of 2. 0 . A down cycle in the Semiconductor Sector weighing on the economy. We are getting export numbers later in the week. That is also expected to contract for eight consecutive months. Already the first 20 days of
Our plan is that we want about 400 people with the starting line and four, and 20,000 meters per day production, which is now about 111, the return of these units to the production circuit, 3 thousand workers have returned to their workplaces, the government is on the way to revive these units, more than 1600 billion tomans. He invested and added some units to this company, such as balmil spray and other units that need to be updated. In the last two and a half years, more than 84 of these projects were overhauled, and how much of the engineering companys departments were concentrated and completely localized. Became a company the 13th government is Standing Firm on the production and revival of closed and semiclosed units. This time, where is semnan province . I am working in the mechanical unit as the supervisor of the mechanical unit of the company that was closed. I was looking for a job later. He was revived here , i came back here, its good, thank you for being alive, sir, first