Hey, everybody, it's Kai. Thanks for listening to the Corner Office podcast. Today, David Malpass,

president of the World Bank and Janet Yellen, former chair of the Federal Reserve.

We talked at an event hosted by the Bipartisan Policy Center about some of the big issues

facing global economic growth right now. The U.S.-China

trade war, the outbreak of the coronavirus, and the always important strength of the American

consumer and consumers worldwide. So here it is my conversation with David Malpass and Jenny Yel.

We're expecting you. Don't you have a seat? Ready to go to work?

So, We're expecting you. Won't you have a seat? Ready to go to work? So thank you all for coming this morning.

We do appreciate it.

And I'm going to start with an admitted softball.

And David, I'll start with you.

Describe for me this macroeconomic moment. Where are we?

Thanks, softball, slow growth, but that leads to all sorts of conversation. As far as growth,

for developing countries, it's really problematic as global growth slows down. We recently

did our global economic prospects report, so the bank does twice a year, a thick report on

growth. And looking at 2020, only 2.5% real growth. And that's a compendium of some of the

developing countries, especially China and a little bit, India, running above that average.

But then the U.S. in our forecast was consensus at 1.8% for 2020.

Some numbers show that maybe being higher.

But Europe is down at 1% only and Japan at 0.7%.

So they drag down the average.

So that gives you a sense of what's going on in the world

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