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BRICS countries have long-term potential

23rd January 2015
Ministers, industrialists and academics from the BRICS countries delivered a strong message of long-term potential economic growth for their countries at a panel session at yesterday’s World Economic Forum, in Davos, Switzerland. The message was clear – BRICS nations are ripe for investment, and will continue to be provided their governments successfully implement planned structural […]
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WEF 2015: Quantitative easing is not enough

23rd January 2015
Europe needs quantitative easing but that monetary policy alone will not restore growth and jobs to the region, that’s according to a panel debate of business leaders and policy-makers, held at the World Economic Forum in Davos, Switzerland, yesterday. “We’re all for quantitative easing in Europe, but it’s not enough,” said Lawrence H. Summers, Charles […]
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ECB announces QE programme, industry reacts

22nd January 2015
This afternoon, Mario Draghi, President of the European Central Bank (ECB) announced the much awaited outcome of the Governing Council’s meeting on quantitative easing (QE) for the Eurozone economy. First, the ECB is to launch an expanded asset purchase programme, encompassing the existing purchase programmes for asset-backed securities and covered bonds. The expanded programme will […]
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America turns the page

22nd January 2015
President Obama delivered a defiant and upbeat State of the Union Address earlier this week, claiming that 2014 had been a ‘breakthrough year for America’. “Our economy is growing and creating jobs at the fastest pace since 1999. Our unemployment rate is now lower than it was before the financial crisis. More of our kids […]
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Ukraine asserts its European status

22nd January 2015
President Petro Poroshenko of Ukraine told participants at the World Economic Forum Annual Meeting that despite the aggression his country faces, Ukraine is strong and unified. “Ukraine has become stronger. Ukraine has become more democratic. And Ukraine has become more European,” he said. In a special session on The Future of Ukraine, held yesterday at […]
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‘Dangerous mistake to ignore global uncertainty’, says Swiss President

22nd January 2015
Today’s global context is one of uncertainty, said Simonetta Sommaruga, President of the Swiss Confederation and Minister of Justice and Police, talking at the World Economic Forum Annual Meeting in Davos, Switzerland, yesterday. “Overall, globalisation has led to greater prosperity and reduced poverty, but that is not the case everywhere,” she said. “It would be […]
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Chinese economy not heading for a ‘hard landing’

22nd January 2015
China’s economy will not suffer a hard landing even as it braces itself for a further slowdown this year, Li Keqiang, Premier of the People’s Republic of China, told delegates at the World Economic Forum in Davos, Switzerland, yesterday. “The Chinese economy will face downward pressures in 2015,” Li said in a keynote speech at […]
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CBI calls for Davos delegates to ‘kick-start’ global economy

22nd January 2015
The Confederation of British Industry (CBI) is calling for delegates at this week’s World Economic Forum in Davos, Switzerland, to focus on global issues and work to kick-start the world economy. Rain Newton-Smith, Director of Economics, CBI, speaking at the event, said: “As we dig out our snow boots and warm coats, and prepare to […]
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Matteo Renzi: Politicians must act to turn risks into opportunities

21st January 2015
Italy’s Prime Minister, Matteo Renzi, called for politicians around the world to seize the day and tackle complex risks head-on, at today’s World Economic Forum, taking place in Davos, Switzerland. “Not to see the risks is stupid for a politician, but the transformation of risks into opportunities is the quality of leadership,” he said. “The […]
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Slowing China growth to prompt further stimulus

21st January 2015
China's economy expanded 7.3% in the final quarter of last year, beating expectations and recording a 7.4% expansion for the year as a whole, but failing to meet the government's 7.5% target. Growth slowed from 1.9% to 1.5% quarter-on-quarter. Growth in the quarter was supported by government stimulus in the form of credit easing and […]
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WEF 2015: Structural reforms needed to spur on global economy

21st January 2015
Business leaders gathered in Davos for the 45th World Economic Forum Annual Meeting have called for structural reforms to the global economy to encourage growth. Participants in this morning’s session on The New Growth Context were told that monetary policy was not enough to encourage growth. “Policy-makers shouldn’t kid themselves,” said Axel A. Weber, Chairman […]
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IMF cuts global growth forecast

21st January 2015
The IMF has cut its global growth forecast for 2015 to 3.5%, down 0.3% from its October prediction. It expects a lower oil price to be positive for the global economy, but to be offset by negative factors. The IMF believes a lower oil price will stimulate more growth in advanced economies that import oil […]
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