7.5% China announces growth target
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 […]
G20 Ministers and Governors Expectations – US and Emerging Markets
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 […]