will launch at July 15-16 summit in Brazil BRICS countries to fund the bank equally starting with USD 10 bln in cash over 7 years with USD 40 bln in guarantees HQ to be either New Delhi or Shanghai I … Continue reading
Barclays economists see 2014 GDP at 3.4% and 2015 at 3.7% on diminishing uncertainty, fiscal headwinds ebbing and monetary policy gaining traction as balance sheets are repaired. They’ve broken down the numbers as follows; Advance economies 1.9% 2014, 2.1 in … Continue reading
Further to my initial report before I signed off yesterday and Adam’s follow-up here’s a piece from AEP It appears that, despite India claiming full support of BRICS, Brazil’s central bank has no knowledge of any impending plan.
So says the Indian finance ministry’s principal economic advisor says currency co-ordination steps could be announced in next few days declines to give further details Obviously looking to support their currencies in the face of the current meltdown
Love him or loathe him, latest from AEP at The Telegraph. Gotta hope the Conference Board is just flat-out wrong. Do YOU think they’re right or wrong?
‘The devastating slowdown in the European economies has shown that ‘decoupling’ – the idea that developing nations would go on growing despite problems in the west – is a myth’
Advanced economies must avoid creating excess liquidity Risks emerging from large, volatile cross-border flows Concerned at slow pace of reforms at IMF Global growth damped by instability in euro zone IMF, World Bank chiefs should be selected on merit Situation … Continue reading
The Growth Map will be my Christmas present to myself. Jim O’Neil, one of my favourites.