In the past 6 business days, the Reserve Bank of India (RBI) has launched 3 new programs, a study on the corporate bond market in India, published a major working paper on fiscal policy capable of handling variations in business cycles and all of its regular duties of auctioning bills. The programs launched are integral to […]
Premier Li Keqiang, at the opening of parliament, announced in his speech that China will target 7.5% in growth. China has averaged a very impressive 9.8% over the past 35 years. In Premier Li’s statement, he says, “We are at a critical juncture where our path upward is particularly steep. At the same time it […]
Christine Lagarde, managing director of the IMF, offered her concerns for Ukraine. As soon as they can, the International Monetary Fund will send a team to Kiev. The quote: “The Ukrainian authorities informed me today of their request for support from the IMF. We are ready to respond and, in the coming days, will send […]
The US Department of Commerce revised lower the final quarter of 2013 to 2.4% from 3.2%, siting a decline in real residential fixed investment from 8.7 percent compared to a 10.3 percent in the third quarter, a greater than expected decrease in federal spending of 12.8%, a lowering in National Defense spending of 14.4% and state […]
G20 News will: Expand into Tech with covering Technology shows, Venture Capital, small and large startups, kickstarter, wearable tech and future tech. Create pages for Asian Fashion Work with Widget vendors to bring Market coverage to a broad range of indices and indicators Create Highlights and Headlines page with an email subscription option Look to […]
The International Monetary Fund wrote a 23 page note addressed to the G-20: First paragraph of the Executive Summary and Full Text: “Global activity has picked up, largely on account of advanced economies. Growth firmed in 2013H2, driven largely by stronger outturns in advanced economies as final demand expanded broadly as expected. In many emerging markets, […]
The G20 agreed to “lift our collective GDP by more than 2 per cent above the trajectory implied by current policies over the coming 5 years”. This target appeared to be in line with expectations from the IMF communique addressed to the G20 meeting in Sydney. The IMF report suggested that growth could be “projected to increase […]
The Group of 20 developed and emerging countries reached agreement on a 2% growth goal over the next 5 years. The most interesting item was point 10 on the official communication from the G20. – By Julien David More news soon. . .
The US appears to be continuing the Bernanke paradigm of targeting the unemployment rate of 6.5% and keeping track of an inflation rate target of 2% and the Fed will respond to general conditions as the Federal Reserve sees it. As the IMF has noted the developed countries have recovered well in 2013, thus the […]
Expectations for the upcoming summit in Sydney are a combination of wishes for emerging markets to get their countries in order and wishes for the US to deal with ramifications of further easing of its almost trillion dollar stimulus. Smaller side talks between countries are being highlighted as possible bright spots for the February 22nd […]