WILMINGTON, Del. – The vast majority of Americans (90 percent) recognize the importance that access to credit plays throughout their life, according to the new Chase Slate Credit Survey. However, when it comes to awareness of their personal credit health there are gaps. Nearly four-in-ten Americans (39 percent) admit they do not know their current […]
Let me begin by thanking the organizers for inviting me to participate in this important dialogue on the role of finance in society. The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth. But when the incentives facing financial firms are distorted, these firms may […]
The economic outlook for Asia and the Pacific remains favorable, with the region projected to remain the global growth leader over the medium term. While the pace of expansion has moderated since the global financial crisis, robust consumption helped to cushion the blow from weaker external demand. As a region of oil importers and supply […]
The growing competitiveness and volatility in the world economy, including the rise and fall of currencies and the drop in commodity prices, and the shift of the global economic centre to Asia mean that countries have to adapt. “Within this global transition, our task is clear,” Indonesian President Joko Widodo told over 700 business, government […]
On the first day of the 20th World Economic Forum on East Asia, leaders from business and government called for structural reforms in South-East Asia to inject confidence into the region’s financial markets and prepare for the anticipated interest rate hike in the United States. China, as Asia’s largest economy, is key to confidence in […]
Investors see growing overvaluations in both bonds and equities and have signaled concern about a valuation bubble forming, according to the BofA Merrill Lynch Fund Manager Survey for April. The proportion of global investors saying equity markets are overvalued has reached its highest level since 2000. A net 25 percent of respondents to the global […]
Global growth prospects are uneven across major economies, says the IMF’s latest World Economic Outlook (WEO). In advanced economies, growth is projected to strengthen in 2015 relative to 2014, but in emerging market and developing economies it is expected to be weaker. Overall, global growth is forecast at 3.5 percent in 2015 and 3.8 percent […]
WASHINGTON, — World Bank Group President Jim Yong Kim today announced a broad strategy to end extreme poverty by 2030, and he welcomed emerging players such as the Asian Infrastructure Investment Bank and the New Development Bank, established by the BRICS countries, as potentially strong allies in the economic development of poor countries and emerging […]
The global economy has benefited from a shot in the arm provided by reduced oil prices and by the strong performance of the world’s largest economy, the United States. Overall, macroeconomic risks have decreased. So the global recovery continues, but it is moderate and uneven. In too many parts of the world it is not […]
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