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Global economic turmoil to dominate Davos discussions

Discussion in 'Market News' started by Lily, Jan 17, 2016.

  1. Lily

    Lily Forum Member

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    Business leaders and policymakers at the World Economic Forum will focus on Chinese downturn, a commodities rout and stock market turmoil

    The fragility of the global economy will take centre-stage this week with the International Monetary Fund poised to warn of growing economic risks as business leaders and policymakers gather for the annual World Economic Forum in Davos.

    The IMF will update its forecasts for global growth on Tuesday and is widely expected to paint a bleaker picture for the year ahead amid the deepening Chinese downturn, a commodities rout and turmoil on global stock markets.

    Related: Why the falling oil price may not lead to boom

    Global markets off $3.83 trillion, including U.S. $1.87 trillion (S&P 500 $1.41T) and non-U.S off $1.95 trillion

    18 months ago a barrel of #oil bought you a bottle of Pol Roger 2004 champagne. Today it gets you Tesco Finest. pic.twitter.com/ROxaaTmW3H

    We no longer expect #BankofEngland rate hike in May but we believe MPC may well act in Aug. Interest rates likely to end 2016 at just 0.75%

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