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[ltr][rtl]History of edits:: 2016/1/23 16:57 • 124[/rtl] [rtl]visits readable[/rtl][/ltr]
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A group of senior economists in the world agreed on Saturday that "the global economic landscape this year fickle what makes it difficult to draw a unified picture of the orientations that differ from one area to another strongly."
The Chief of the International Monetary Fund Christine Lagarde in front of a symposium held in the framework of the World Economic Forum in Davos that the global growth for this year will be modest in total for the existence of a number of phenomena experienced by the world's most important now is that China is witnessing a triple shift in the economy. "
Lagarde explained that "this triple transformation huge undertaking as China is witnessing a shift from manufacturing to services and investment to consumption and export to domestic marketing, however, China has managed to reach the economic growth over the past year amounted to 6.9 percent."
She said the global financial responsible "China must recognize this reality and triple shifts so as to minimize the risk of falling growth rates."
Lagarde also spotted a second global phenomenon is the "lack of coherence in global monetary policies where there was a shift in the flow of capital and investment of the United States and managed to snap up a good size of capital."
At the same time made it clear "that a group of emerging economic nations [Brix], which includes Brazil, Russia, India, China and South Africa is no longer enjoy equal rates of economic growth, but differed sharply as India maintained a distinct growth rates of China and firmed with some slowness while relegated economic growth rate in Russia and Brazil in a clear and tangible. "
Lagarde said "The European economy is compared with this scene in a relatively better position, but it will not achieve economic growth of more than 1.5 percent, taking into account the existence of geopolitical risk facing Europe and is the refugee crisis and its significant impact."
She said Director of the International Monetary Fund "to refugees in Europe if what has been reintegrated into the labor market Vsasahmun increase in economic growth, particularly in countries that have received large numbers of them, such as Germany and Sweden."
On the other hand said British Finance Minister George Osborn in the seminar "European governments can not ignore the hard-line right-wing currents pressure of public opinion and concern of high levels of immigration and asylum the right to asylum".
He stressed Britain's desire to strengthen its relations with the European Union, but this does not preclude the development of appropriate to deal protection measures between countries, especially since Britain is keen on the independence of its decision, which reflected positively on the economy.
He pointed out that Britain seeks to occupy the forefront of the European economic landscape by 2030, especially as it made a good rate of economic growth and reduced unemployment significantly with no entry into the single European currency system.
He said that Britain is seeking to turn the EU into a competitive mass arguing as they were previously and this is reflected on the presence of the Union on the global economic scene.
He said the current British government will present a good perception of the relations between London and Brussels can be accepted by the British for the survival of Britain within the EU but without access to the Convention [Schengen] to open the border with the countries of the continent, or the single European currency system [euros].
The British minister link between economic growth in Europe and the need to do what he described important reforms, especially in the context of decision-making and taken and that sometimes come randomly and immature in his opinion.
At the same time saw the Bank of Japan Governor Haruhiko Kuroda, told the symposium that China itself will exceed the stage in the current slowdown in economic growth, noting that these current changes were expected and then it is not an emergency.
Kuroda also defended the monetary policies of central banks in the world different "as this change is normal under different economic patterns followed by all countries and their potential and vision," he said at the same time that Japan has surpassed the repercussions of the global financial crisis and enjoys a stable economy. "
In contrast, said Director General of the Bank [Credit Suisse] Swiss Tadjan Thiam, told the symposium that the global economic scene in 2016 changed a lot since the 2008 crisis, but this year began to decline in the performance of market indices.
He explained, "that the global economy this year is facing challenges such as the emergence directed to increase public lending and declining oil prices and a slowdown in China's economic growth rates could lead to a global recession is also reflected on the losses in the portfolio and the budgets of sovereign funds."
He stressed that "this situation does not pose a risk to banks and financial institutions that have managed to strengthen their capacity wake of the global financial crisis in 2008 and therefore there is no risk from the impact of decline in financial market performance indicators of the banking sector in general, especially with a good and timely control."
The economists have expressed in their interventions, told the symposium about their fears and of "low yields in the US, German and Japanese bonds and the changing commodity prices to the detriment of corporate Brazilian, Russian, and the emergence of a funding risks finance in emerging economies and the failure to resolve the debt problem within the economically developed countries" .anthy
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Davos: Experts agree that the volatility of the global economy and the difficulty to expect
[/ltr][ltr][rtl]History of edits:: 2016/1/23 16:57 • 124[/rtl] [rtl]visits readable[/rtl][/ltr]
[ltr][You must be registered and logged in to see this image.]
[Follow-where]
A group of senior economists in the world agreed on Saturday that "the global economic landscape this year fickle what makes it difficult to draw a unified picture of the orientations that differ from one area to another strongly."
The Chief of the International Monetary Fund Christine Lagarde in front of a symposium held in the framework of the World Economic Forum in Davos that the global growth for this year will be modest in total for the existence of a number of phenomena experienced by the world's most important now is that China is witnessing a triple shift in the economy. "
Lagarde explained that "this triple transformation huge undertaking as China is witnessing a shift from manufacturing to services and investment to consumption and export to domestic marketing, however, China has managed to reach the economic growth over the past year amounted to 6.9 percent."
She said the global financial responsible "China must recognize this reality and triple shifts so as to minimize the risk of falling growth rates."
Lagarde also spotted a second global phenomenon is the "lack of coherence in global monetary policies where there was a shift in the flow of capital and investment of the United States and managed to snap up a good size of capital."
At the same time made it clear "that a group of emerging economic nations [Brix], which includes Brazil, Russia, India, China and South Africa is no longer enjoy equal rates of economic growth, but differed sharply as India maintained a distinct growth rates of China and firmed with some slowness while relegated economic growth rate in Russia and Brazil in a clear and tangible. "
Lagarde said "The European economy is compared with this scene in a relatively better position, but it will not achieve economic growth of more than 1.5 percent, taking into account the existence of geopolitical risk facing Europe and is the refugee crisis and its significant impact."
She said Director of the International Monetary Fund "to refugees in Europe if what has been reintegrated into the labor market Vsasahmun increase in economic growth, particularly in countries that have received large numbers of them, such as Germany and Sweden."
On the other hand said British Finance Minister George Osborn in the seminar "European governments can not ignore the hard-line right-wing currents pressure of public opinion and concern of high levels of immigration and asylum the right to asylum".
He stressed Britain's desire to strengthen its relations with the European Union, but this does not preclude the development of appropriate to deal protection measures between countries, especially since Britain is keen on the independence of its decision, which reflected positively on the economy.
He pointed out that Britain seeks to occupy the forefront of the European economic landscape by 2030, especially as it made a good rate of economic growth and reduced unemployment significantly with no entry into the single European currency system.
He said that Britain is seeking to turn the EU into a competitive mass arguing as they were previously and this is reflected on the presence of the Union on the global economic scene.
He said the current British government will present a good perception of the relations between London and Brussels can be accepted by the British for the survival of Britain within the EU but without access to the Convention [Schengen] to open the border with the countries of the continent, or the single European currency system [euros].
The British minister link between economic growth in Europe and the need to do what he described important reforms, especially in the context of decision-making and taken and that sometimes come randomly and immature in his opinion.
At the same time saw the Bank of Japan Governor Haruhiko Kuroda, told the symposium that China itself will exceed the stage in the current slowdown in economic growth, noting that these current changes were expected and then it is not an emergency.
Kuroda also defended the monetary policies of central banks in the world different "as this change is normal under different economic patterns followed by all countries and their potential and vision," he said at the same time that Japan has surpassed the repercussions of the global financial crisis and enjoys a stable economy. "
In contrast, said Director General of the Bank [Credit Suisse] Swiss Tadjan Thiam, told the symposium that the global economic scene in 2016 changed a lot since the 2008 crisis, but this year began to decline in the performance of market indices.
He explained, "that the global economy this year is facing challenges such as the emergence directed to increase public lending and declining oil prices and a slowdown in China's economic growth rates could lead to a global recession is also reflected on the losses in the portfolio and the budgets of sovereign funds."
He stressed that "this situation does not pose a risk to banks and financial institutions that have managed to strengthen their capacity wake of the global financial crisis in 2008 and therefore there is no risk from the impact of decline in financial market performance indicators of the banking sector in general, especially with a good and timely control."
The economists have expressed in their interventions, told the symposium about their fears and of "low yields in the US, German and Japanese bonds and the changing commodity prices to the detriment of corporate Brazilian, Russian, and the emergence of a funding risks finance in emerging economies and the failure to resolve the debt problem within the economically developed countries" .anthy
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