Global Growth Engines Are Stalling

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 27 July 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

The International Monetary Fund cut its global growth projections for 2022 and 2023, describing the outlook as “gloomy and more uncertain.” That general picture is reflected in cuts to quarterly and annual profit forecasts by U.S. retail bellwether Walmart $WMT. The European Union’s natural gas crisis did take a relatively constructive turn with an agreement by member countries to cut consumption by 15%. Investors will be focused on the Federal Open Market Committee until its decision on Wednesday and the post-meeting press conference. Will it be 50, 75, or even 100 basis points? Weston Nakamura joins Andreas Steno Larsen to talk about the Federal Reserve’s options, the potential ripple effects of those choices, and why the Japanese yen remains a critical indicator of the health of the financial system. We also hear from Jeffrey Snider about what the eurodollar futures curve is telling us about the condition of the global economy. Watch the full interview featuring Steven Van Metre, Jeffrey Snider, and Darius Dale, with Roger Hirst’s “post game” commentary, here: https://rvtv.io/3cI5JcG. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This Sunday were lied from the home of smart energy use three Acacia Drive and Dave Davo peck them off to a
0:05.8	Flour bat cooking next week's meals off night nutmeg and now the washing machines on then straight into the
0:12.3	I think that please see for the home side thanks to the hard price electricity brim British gas full-time
0:18.2	Davos saved it all for Sunday now. We can enjoy the football get half price electricity every Sunday with British gas
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1:20.7	Good afternoon all and welcome to the real vision daily briefing. I'm and less they know the senior editor at real vision and it's my pleasure to host the show again
1:33.3	We are sending to you live the 26th of July on a day where the IMF sounded the alarm on global growth
1:40.4	Stocks alone on the day with NASDAQ suffering the most being down almost 2% ahead of the extremely
1:46.9	Important decision from the Federal Reserve tomorrow and with me today is an avid central bank follower and also a senior markets editor at real vision as well
1:57.2	Western Nakamura is very good to see you again, buddy
2:01.0	Andreas my man. How are you? Thanks for having me on
2:04.6	I'm good. It must be early for you mate. You're in Tokyo, right?
2:08.9	Yeah, you could say that's 501 a.m.
2:13.0	So it's usual RV DB time for me
2:17.4	But let's get to the top story of the day West and the IMF slashes global GDP forecasts
	...

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