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. . .
Federal Reserve Chairwoman Janet Yellen, Treasury Secretary Jack Lew and International Monetary Fund Christine Lagarde are all scheduled to appear in Sydney for the G-20’s Finance Ministers and Central Bankers meeting. – By Julien David
Federal Reserve Chairwoman Janet Yellen confirms the Fed will continue easing. The unemployment rate has not reached the Fed target for a faster pace of tapering yet, currently at 6.6%. The Fed is also targeting an inflation rate of 2.0% The Federal Reserve Chairwoman says she “anticipate(s) that economic activity and employment will expand at […]
G-20 Chair and President of Australia, Tony Abbott rolled out his goals for the upcoming Finance Ministers Summit in Sydney Australia. Infrastructure spending is critical to modernizing commerce and enabling better transportation of goods within countries. Digitizing global commerce will help streamline and simplify tax structures and provide for more efficient trade. Cracking down on […]
Masdar City unveiled a beautiful city plan with GE Ecomagination’s Centre located in Masdar City’s “Incubator Building”. On January 15, 2014, a joint photo opportunity with the leaders of Masdar City, including Doctor Sultan Ahmed Al Jaber, Debora Frodl and Nabil Habayeb. Doctor Sultan Al Jaber is the CEO of Masdar City and Institute and […]
The Group of 77 and China opened up 2014 with statements on: Sustainable cities, human settlements and sustainable transportation. The Group should take a serious look at Masdar City in Abu Dhabi, near the airport on the outskirts of the city in the United Arab Emirates. Cars are not necessary within the city, the city […]
The US released data for Non Farm Payrolls. The economy produced 113,000 jobs for the month of January. The Unemployment rate came in at 6.6% The results are sending investors into Gold and Treasuries. The Canadian Dollar and the Yen both strengthened significantly this morning. Estimates were from 150-170,000 for January. The actual was well […]
On January 8, 2014 UN Secretary-General Ban Ki-moon and General Assembly President John Ashe addressed representatives of the Group of 77 and China. The chairmanship was handed over from His Excellency, Foreign Minister, Ratu Inoke Kubuabola to Bolivian President Evo Morales. At the meeting Secretary-General Ban Ki-Moon reiterated his wishes for the group to focus on […]