Sarang Ahuja’s latest post:
In Washington last Saturday, finance officials explained their belief that the global economy is turning the corner towards stronger growth. And from a U.S. News article they believe that these officials may finally be right.
Even though there were dangers of the Federal Reserve’s bond-buying slowdown would cause big rifts in the market, the policymakers believe that soon this growth will be providing jobs in the millions. Even with global worries escalating in Ukraine, this could be the most job growth seen globally since the 1930s, during the Great Depression.
This is promising news after Christine Lagarde, Managing Director of IMF, commented on the years from 2008 to 2010 as a “disaster.” Now, over the course of 2014, the experts expect the global strength to go up 3.6 percent and by 2015, 3.9 percent. This would be considered the fastest growth the United States have seen in the last five years. China has been experiencing slowing when it comes to major emerging markets but there has been no stop in emerging economies which are moving ahead at record pace.
There are quite a few threats to be considered despite the progress however. There have been many stock market jitters that worries investors in the way the Gov has been handling it when their efforts seem more directed towards the ending of bond buying by using lower long-term interest rates. Crimea getting annexed by Russia is also raising concerns.
The talks ended on Saturday after three days of discussion and deliberation between the ministers of finance from twenty countries including: Germany, China, the United States and others. Jim Yong Kim, President of World Bank, stated his optimism and extended thanks to the members who attended who gave him a strong encouragement of his efforts to make World Bank more efficient by becoming the largest provider of development support.
from Sarang Ahuja http://ift.tt/1gwXTwR