As the year heads to its close, the International Monetary Fund has changed its 2012 forecast. The global economy has been weakening more than was expected. And next year’s growth will be even slower than originally thought. We ask Chris Scicluna from Daiwa Capital markets what can be expected.
Also in the programme: the Italian government is trying to support the lower paid, while balancing its budget; and there is the collapse of the merger talks between EADS and BAE.
Wires > Business
- 04:31 CET Australian budget walks fine line between growth and austerity
- 04:21 CET China’s tax overhaul aims to cut business costs
- 04:18 CET Japan final April manufacturing PMI hits lowest since Jan 2013…
- 03:59 CET Halliburton and Baker Hughes scrap $28 billion merger
- 03:31 CET Half of leading investors ignoring climate change – study
- 02:40 CET Asian shares slip, Nikkei skids on yen strength
- 02:17 CET Virgin Australia cuts capacity citing election, weak sentiment
- 00:20 CET Norway’s sovereign fund to focus on high executive pay-FT