Tag: Global economy
Brexit, low growth and the spectre of protectionism stalk an IMF in sombre mood
For bank governors and ministers heading to this weeks annual meeting in Washington, the UKs immediate prospects will be a rare bright spot. We pick the five areas causing most concern. For chancellors of the exchequer, annual International Monetary Fund meetings have not always been the happiest of occasions. Heading there in early October 2008, […]
EU and US trade negotiators seek to get TTIP talks back on track
Officials will rush to lock in progress on controversial trade deal before Barack Obama leaves White House in January. Trade negotiators will meet in New York next week to search for common ground on the controversial EU-US trade deal, which has been buffeted by strong opposition on both sides of the Atlantic. A team of […]
World Bank renews drive against inequality
Report says faster growth and more anti-inequality measures would be needed to meet goal of eliminating extreme poverty and boosting pay. The World Bank has called for a fresh drive to tackle inequality after warning that the gap between rich and poor risks thwarting its ambition of eliminating extreme poverty by 2030. Ahead of its […]
Uncertainty over Brexit and US job market halted Fed’s interest rates rise
Federal Reserve held off on raising interest rates in June due to the possibility of market turbulence after Brexit and worries about the latest US job report. The Federal Reserve held off on raising interest rates in June due to uncertainty about the US labor market as well as a then-upcoming vote on whether […]
Uncertain economy may prompt Fed to delay rate hike, Janet Yellen suggests
Federal Reserve chair points to considerable uncertainty in speech following weak jobs report on Friday, amid concerns over Brexit and Chinese economy Hikes to US interest rates might be on hold again thanks to considerable uncertainty about the economic outlook Janet Yellen suggested in a speech on Monday. Speaking at the World Affairs Council of […]