Page 37 - Global Economy
Despite slowdown, BRICS' potential, strength unchanged: Xi Jinping
Xi said the global economy is yet to fully recover from the 2008 credit crisis and is still struggling with a 'treacherous recovery'
 "Despite slowdown, BRICS' potential, strength unchanged: Xi Jinping")
World leaders make inclusive growth their top priority
US President Barack Obama called IMF to continue promoting strong, inclusive and balanced global growth
 "World leaders make inclusive growth their top priority")
WTO cuts global trade growth to 1.7% in 2016
This is well below WTO's April forecast of 2.8%; forecast for 2017 also revised downwards, to 1.8-3.1% from from 3.6% previously
 "WTO cuts global trade growth to 1.7% in 2016")
Singapore central bank says trade woes spell more uncertainty for global economy
The WTO forecast in April the global value of trade in goods would grow by 2.8 per cent this year
 "Singapore central bank says trade woes spell more uncertainty for global economy")
Good, bad… and risky
The global economic outlook remains problematic
Global economy 'grim' and G20 must step up to fix it - China
WTO expects 2016 to be the fifth consecutive year of less than 3 per cent growth in global trade
 "Global economy 'grim' and G20 must step up to fix it - China")
Global IT spending to be flat in 2016: Gartner
The 'leave' vote will quickly affect IT spending in the UK and in Europe, while other changes will take longer
 "Global IT spending to be flat in 2016: Gartner")
Caution pervades at four of world's top central banks
All four banks are almost unanimously expected to make no change to their extraordinary stimulus programs
 "Caution pervades at four of world's top central banks")
World Bank cuts 2016 global growth forecast to 2.4%
Growth continues to falter in advanced economies, while there is considerable divergence of performance across emerging markets
 "World Bank cuts 2016 global growth forecast to 2.4%")
Enough evidence that recovery is underway in India: Chetan Ahya
Interview with Managing director, Morgan Stanley Asia
 "Enough evidence that recovery is underway in India: Chetan Ahya")
Welcome to an upside-down economy
In the new reality of negative rates, borrowers get paid and savers penalised
 "Welcome to an upside-down economy")
Global economic situation 'grim', 'worrisome': Arun Jaitley
He added that the Chinese were 'reasonably optimistic' because in the first quarter their economy had picked up 6.7%
 "Global economic situation 'grim', 'worrisome': Arun Jaitley")
Worried IMF cuts world growth forecast, warns over Brexit
The Fund cut its global forecast for the third straight quarter, saying economic activity has been "too slow for too long"
 "Worried IMF cuts world growth forecast, warns over Brexit")
Global executives turn cautious on economic outlook: McKinsey
However, eight in 10 executives expect that demand for their companies' products and services will grow or stay the same
 "Global executives turn cautious on economic outlook: McKinsey")
Global headwinds no sign of a recession, says Moody's
Moody's expects growth in G-20 advanced countries to be stable at 1.8% for 2016 and 2% for 2017
 "Global headwinds no sign of a recession, says Moody's")
