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Money Talks from The Economist

Money talks: A bumpy ride

Money Talks from The Economist

The Economist

Finance & Economics, Business News, Economy, News, Business

4.41.2K Ratings

🗓️ 3 April 2018

⏱️ 13 minutes

🧾️ Download transcript

Summary

We ask Henry Curr, our US economics editor, if global stockmarket volatility is the new normal.  Also, is India’s economy on the right track? And, the impact of the mobile-phone industry on Vietnam. Helen Joyce hosts




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Transcript

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0:00.0

Hello, I'm Helen Joyce, the finance editor of the Economist.

0:07.5

Welcome to Money Talks.

0:09.2

Coming up on the program, is India's economy on the right track.

0:13.0

Like the economy, you know, the trains work ultimately.

0:15.0

They're not great, but the trains do work.

0:17.0

You know, that's why I compared the Indian economy to the trains.

0:20.0

You know, it's kind of underwhelming in a way but it gets you to where you

0:24.8

need to go and how is the mobile phone industry boosting Vietnam's economy?

0:29.2

The provinces that Samsung has invested in have gone from being sort of a couple of the poorer ones

0:33.4

to some of the wealthiest in Vietnam and the spillover effects are really sort of

0:36.7

helping to catalyze growth in Vietnam's regions.

0:40.8

First stock markets around the world are having a wobble.

0:45.0

Shares and tech firms fell and the markets through what some are calling a tariff tantrum

0:49.5

after Donald Trump sparked fears of a trade war.

0:52.0

Is market volatility the new normal?

0:54.2

Henry Kerr, our global economics editor is in the studio. Henry, what's happening?

0:57.3

Well, it's a continuation of recent trends on the one hand in that there's been worries now over the last couple of months

1:03.7

about reduction in central bank stimulus about inflation scare it's now being

1:08.1

compounded by the worries about trade China announced retaliation against steel and

1:15.0

aluminium tariffs this week. It was widely expected but it kind of was

1:19.4

symbolically important nonetheless because investors are worried about a trade dispute and then people are worried about tech and the possibility of a

1:26.8

regulatory backlash against the likes of Facebook and Amazon compounded by

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