Europe has done remarkably well against a turbulent backdrop. After years of crises and their fallouts, a soft landing for the continent’s economies is within reach. Securing it will require careful calibration of macroeconomic policies. As the cyclical recovery runs its course, growth will increasingly depend on structural factors. Yet there are several formidable headwinds to growth, including weakening productivity, an aging population, and underinvestment. Navigating these headwinds to higher medium-term growth will require structural reform efforts that should begin now. For the EU, this means urgently tapping the significant potential from further European integration. Combined with complementary measures at the domestic level, these reforms would go to show once again how Europe can overcome even the most severe obstacles when acting decisively and together.
The just released IMF Regional Economic Outlook for Europe discusses the economic reform agenda needed to cope with these multiple challenges. The discussion will focus on what policymakers in Brussels and at the national level can and should do to return Europe to greater competitiveness and faster growth.
The Regional Economic Outlook will be presented by Mr. Alfred Kammer, Director of the European Department at the IMF. He will then be joined by Ms. Maria Demertzis, Senior Fellow at Bruegel, and Ms. Christiane Nickel, Deputy Director General of DG Economics at the European Central Bank, for a panel discussion moderated by Ms. Maria Tadeo, Europe Correspondent.
https://www.imf.org/en/Publications/REO/EU/Issues/2024/04/05/regional-economic-outlook-europe-april-2024
Published: 8th May 2024 08:11:14 By: IMF
IMF Video: Perspectives économiques régionales: Afrique Subsaharienne | Avril 2024
Après quatre années mouvementées, les perspectives pour l’Afrique subsaharienne s’améliorent progressivement. La croissance va passer de 3,4 % en 2023 à 3,8 % en 2024, et près des deux tiers des pays s’attendent à une croissance plus élevée. https://www.imf.org/fr/Publications/REO/SSA/Issues/2024/04/19/regional-economic-outlook-for-sub-saharan-africa-april-2024
Published: 6th May 2024 03:47:50 By: IMF
IMF Video: Perspetivas Económicas Regionais para a África Subsariana, abril de 2024
O ano de 2024 pode marcar um ponto de virada para a África Subsaariana após quatro anos desafiadores de choques. Projetamos que o crescimento aumente para 3,8% em 2024, frente a 3,4% no ano passado. Thibault Lemaire do FMI, apresenta a análise do nosso mais recente relatório sobre as perspectivas econômicas regionais.
Published: 1st May 2024 07:56:24 By: IMF
IMF Video: Unveiling the Global Public Finance Partnership: First Partners, First Projects
This event announces the first contributions to the Global Public Finance Partnership (GPFP) and initial workplan. Launched in 2024, the GPFP will assist in fostering good policies and strong management of member countries’ public resources by combining the IMF’s leading expertise on public revenue and spending. The GPFP aims to support the G20’s call to boost domestic resource mobilization, as stressed in the Managing Director’s Global Policy Agenda presented in October 2023. It will primarily support low-income developing countries and fragile and conflict-affected states in boosting domestic resource mobilization and managing public spending more effectively. https://www.imfconnect.org/content/imf/en/annual-meetings/calendar/open/2024/04/18/183460.html
Published: 30th Apr 2024 06:26:33 By: IMF
IMF Video: Capacity Development Talk: Governance Diagnostics for Performance and Accountability
This 30-minute talk will present the role of Governance Diagnostics in promoting macro-critical reforms to address corruption and financial integrity weaknesses. The presentation will showcase recent work carried out in Mauritania and will include a discussion of the broader IMF capacity development work on core aspects of integrity and anti-money laundering. The session will include the perspective of government officials on how the diagnostic exercise assisted them in shaping the country’s governance and financial integrity reform program, and the on-going efforts to implement prioritized reforms.
Published: 30th Apr 2024 02:03:32 By: IMF
World Economic Forum Video: Spatial computing: why the future of the internet is 3D
'Spatial computing', 'blended reality', 'the metaverse'. For those of us who still use screens and keyboards to access the digital world, those phrases might not mean very much. But many experts believe the '2D' internet will soon be a thing of the past, and we will all be, one way or another, in a 3D metaverse.
With Apple's Vision Pro headset renewing interest in virtual reality, we speak to two proponents of the metaverse who see both huge opportunities and significant risks.
Guests:
Yonatan Raz-Fridman, CEO of Supersocial and host of the podcast “Into the Metaverse” (https://www.intometamedia.com/)
Brittan Heller, lecturer on International Law, Technology, and Human Rights, Stanford University.
Links:
Centre for the Fourth Industrial Revolution: https://centres.weforum.org/centre-for-the-fourth-industrial-revolution/home
Metaverse Identity: Defining the Self in a Blended Reality: https://www.weforum.org/publications/metaverse-identity-defining-the-self-in-a-blended-reality/
Navigating the Industrial Metaverse: A Blueprint for Future Innovations: https://www.weforum.org/publications/navigating-the-industrial-metaverse-a-blueprint-for-future-innovations/
Related podcasts:
Meeting in the metaverse: Actor Rainn Wilson joins us on the virtual polar ice (https://www.weforum.org/podcasts/radio-davos/episodes/global-collaboration-village-climate-tipping-points-hub-metaverse-rainn-wilson/)
What 20 years of Second Life can teach us about the future of the metaverse (https://www.weforum.org/podcasts/radio-davos/episodes/metaverse-philip-rosedale-second-life/)
Not just for gamers: how the metaverse might impact your life (https://www.weforum.org/podcasts/radio-davos/episodes/metaverse-applications-social-impact/)
Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) :
YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts
Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164
Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560
Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) - subscribe (https://pod.link/1574956552) : https://pod.link/1574956552
Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub
Published: 9th May 2024 06:26:45 By: World Economic Forum
World Economic Forum Video: Special Meeting 2024: AI Powered Industries
AI-powered models, which are rapidly developing in capacity and scale, are expected to disrupt companies' operating and business models.
What are the near-term use cases and long-term moonshot opportunities for AI to fundamentally reshape industrial ecosystems?
This is the full audio from a session at the Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh on 29 April, 2024.
Watch it here: https://www.weforum.org/events/special-meeting-on-global-collaboration-growth-and-energy-for-development-2024/sessions/ai-powered-industries/
Speakers:
Vijay Vaitheeswaran, Editor, Global Energy and Climate Innovation, The Economist
Simon Freakley, Chief Executive Officer, AlixPartners
Robert Falck, Founder and Chief Executive Officer, Einride AB
Jean-Pascal Tricoire, Chairman, Schneider Electric SE
Cheryl Cui, Co-Founder and Chief Executive Officer, Bota Biosciences
Abdulla Adel Fakhro, Minister of Industry and Commerce, Ministry of Industry and Commerce of Bahrain
Catch up on all the action from the Special Meeting on Global Collaboration, Growth and Energy for Development at wef.ch/specialmeeting24 (http://wef.ch/specialmeeting24) and across social media using the hashtag #specialmeeting24.
Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) :
YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts
Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164
Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560
Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) - subscribe (https://pod.link/1574956552) : https://pod.link/1574956552
Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub
Published: 6th May 2024 05:51:24 By: World Economic Forum
World Economic Forum Video: Renewable Energy Doubles in MENA & Glasses Boost Bangladesh Income | WEF | Top Stories of the Week
This week's top stories of the week include:
0:15 Which nations are middle powers? – Conflict and competition are on the rise around the world, when cooperation is needed more urgently than ever and trust in global institutions is waning. This is where the world’s middle powers can make a difference.
4:31 Renewable energy doubles in MENA – Renewables could meet 26% of the region’s energy needs by 2050, say experts. They can also unlock a significant source of carbon credits for trading on carbon markets which could help countries meet their emission reduction goals committed to in the Paris Agreement.
6:13 Severe floods are on the rise – Dubai has been hit by its heaviest rainfall since records began. A year’s worth of rain fell in a single day on 16 April bringing much of the state to a standstill. Experts say the rainstorm was caused by the effects of climate change on Dubai’s weather system.
9:33 Glasses boost Bangladesh income – A study involved 824 people from 56 villages in Bangladesh. Researchers gave half of the participants reading glasses straight away. While the other half received them after 8 months. In that time, the median monthly income among the group with glasses grew from $35 to $47, a rise of 33%.
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Published: 4th May 2024 12:00:31 By: World Economic Forum
World Economic Forum Video: Open Forum: Fueling Action for Mental Health
Mental disorders are among the leading causes of health burdens worldwide, with the cost to the global economy expected to reach $16 trillion by 2030.
How can collective action be taken to prioritize mental health and improve the well-being of populations globally?
Published: 30th Apr 2024 02:12:08 By: World Economic Forum
World Economic Forum Video: Closing Plenary: Rejuvenating Growth
While the global economy is showing signs of recovery, growth is forecast to remain subdued at 3.1% in 2024.
As we witness the slowest half-decade of GDP growth in 30 years, what policy actions are needed at both the national and global levels to lift economic prospects?
Published: 30th Apr 2024 02:09:34 By: World Economic Forum
Economic Video: BOE's Bailey Sees 'Encouraging' Signs on Inflation
Bank of England Governor Andrew Bailey said the central bank will keep interest rates at 5.25%, but said inflation data are "encouraging." The BOE moved closer to cutting interest rates from a 16-year high after a second policymaker voted for lower borrowing costs. Bailey was speaking at a press conference on Thursday.
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Published: 9th May 2024 12:05:33 By: Bloomberg Television
Economic Video: A cryptocurrency exchange may be paying you back
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Stony Brook University Professor, Stephanie Kelton, Ancora Advisors’ David Sowerby, Mizuho’s Salim Syed, CFPB Director, Rohit Chopra, Federated Hermes’ Linda Duessel, Catch Hospitality’s Eugene Remm, Black Ambition CEO, Felecia Hatcher, Livegistics CEO, Justin Turk, Lyma Founder, Lucy Goff.
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Published: 3rd May 2024 11:27:54 By: Bloomberg Television
Economic Video: Paramount deal talks: How investors are viewing risks
Paramount Global (PARA) has entered into acquisition talks with Sony (SONY) and Apollo Global Management (APO), who proposed a joint bid of $26 billion to buy the media company. Last week, Paramount CEO Bob Bakish stepped down for his chief executive role while Paramount ended its exclusive talks with Skydance Media last week.
MoffettNathanson Managing Director and Equity Research Analyst Robert Fishman joins Catalysts to give insight into a potential deal for Paramount.
"There's lots of uncertainty that comes to play with all these different scenarios, and there's some risks involved in that too," Fishman says. "So, as an independent shareholder, really, you've been swung around and trying to understand how the future of this can go, because as an independent company going forward, there are still significant challenges ahead, and that includes fundamental challenges on the business that we follow. "
Yahoo Finance Executive Editor Brian Sozzi sat down with Apollo Global Management CEO Marc Rowan at the 2024 Milken Institute Global Conference, discussing Apollo's search for value through this Paramount deal.
Note: Apollo Global Management is Yahoo's parent company.
#youtube #news #stockmarket
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Published: 6th May 2024 06:29:35 By: Yahoo Finance
Economic Video: MORNING BUSINESS REPORT: Apple buyback, Tesla rescinds intern program, Kentucky Derby impact
An Apple buyback, Tesla rescinds its intern program, and the economic impact of the Kentucky Derby. Here's the Morning Business Report for May 3.
For more Local News from WFSB: https://www.wfsb.com/
For more YouTube Content: https://www.youtube.com/channel/UCByGc7P_siORkC1pum8T3_Q
Published: 3rd May 2024 10:58:43 By: WFSB 3
Business Video: Trump Media’s accounting firm charged with ‘massive fraud’
BF Borgers, Trump Media & Technology Group’s independent accounting firm, was charged by the Securities and Exchange Commission with widespread fraud and accused of operating a “sham audit mill.” The SEC made no allegation of wrongdoing against Truth Social owner Trump Media (DJT), which is not mentioned in the charges from the regulator. #CNN #News
Published: 3rd May 2024 06:09:26 By: CNN
Business Video: Forbes editor predicts Trump stock prices could fall another 90%
Trump Media & Technology Group’s stock is tumbling again after the company announced a potentially massive new influx of shares. Forbes editor Dan Alexander reacts. #CNN #News
Published: 16th Apr 2024 12:30:13 By: CNN
Business Video: Boeing 737-800 engine cover falls off during Southwest flight
A Houston-bound Boeing 737-800 plane operated by Southwest Airlines returned safely to Denver International Airport on Sunday after an engine cover fell off and struck the wing flap, according to the Federal Aviation Administration.
The agency said it will investigate.
In recorded air traffic control audio, one of the pilots said that “several passengers and flight attendants heard something loud hit the wing.”
In a statement to CNN, Southwest said passengers would take another plane to Houston and would be approximately three hours behind schedule.
“We apologize for the inconvenience of their delay but place our highest priority on ultimate Safety for our Customers and Employees,” the statement said. Southwest said no injuries were reported.
Boeing declined to comment and referred CNN to Southwest for information about plane and fleet operations.
#boeing #CNN #News
Published: 8th Apr 2024 12:10:48 By: CNN
Business Video: Ne-Yo on AI impact on music: 'How is it creative to mimic me?'
Late night host Jimmy Fallon poked fun at former President Donald Trump after shares of stocks in his social media platform, Truth Social, plunged over an SEC filing that revealed the company lost millions in revenue in 2023. #cnn #news
Wed, 01 May 2024 17:00:00 GMT TikTok creator Anna, who uses the name @CreativeChronicles, gave a response to JP Morgan CEO Jamie Dimon telling the Wall Street Journal podcast how well he thinks the economy is doing for the middle ...
Fri, 26 Apr 2024 03:42:00 GMT Dimon has been warning about a stagflation potential for some months. Back in 2018, he said that Treasury yields on the 10-year should have been 4% and could reach 5%. That eventually happened, but ...
Thu, 25 Apr 2024 15:31:00 GMT The JPMorgan Chase CEO’s Wall Street Journal interview covered a range of topics — from his morning routine to his views on the Fed.
Thu, 25 Apr 2024 08:40:00 GMT Bank of America Corp. (NYSE:BAC) analysts recently released a note predicting that the Federal Reserve will only cut rates once this year, compared with their previous prediction of four cuts. "2024 ...