by Benjamin J. Butler
Seoul, Republic of Korea, 16th October 2014
The Committee forecasts that the global economy will sustain its modest recovery going forward, centering around the US, but judges that the possibility exists of its being affected by the changes in global financial market conditions stemming from the shift in the US Federal Reserve’s monetary policy stance, by the prolongation of economic sluggishness in the euro area, by the weakening of economic growth in some emerging market countries, and by geopolitical risks.
Published by the Bank of Korea yesterday, after cutting rates another 25 bps.
In a way, the comments from the Bank of Korea this week epitomized the state of the global macro environment, and the clouds now overhead. But first, the World Knowledge Forum.
The World Knowledge Forum
I am sitting on the edge of the World Knowledge Forum in Seoul, Asia’s version of the Davos World Economic Forum. Ex prime ministers ... Log in or subscribe to continue reading.