World Bank Chief Hails Positive Global Economy

The head of the World Bank says growth in the global economy is proceeding in a positive way but there still is a lot of work to be done to make sure it lasts.

Jim Yong Kim said it was important for the United States to solve its budget-debt brawl in early 2014 because any kind of uncertainty has an impact on the global economy, particularly in developing countries.

He said Tuesday some European countries’ economies were bouncing back compared to nine months ago when there was doubt about whether the euro would survive and Greece might stop using that currency. Kim said there was concern at the slowdown in developing countries’ economies early in the year but that seems to be abating with China, for example, doing better.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza