2013-05-07 World Economy in the Eyes of Dr. Robert Wescott 
    2013-05-06 18:03:22     CRIENGLISH.com         Web Editor: Qian Shanming


PIK reporter Nathan Wakelin-king talks to Dr. Robert Wescott, an economic advisor to former U.S. President Bill Clinton. on April 16th, 2013. [Photo Source: CRIENGLISH.com]

Even though the world economy still feels the reeling effects of the global financial crisis, more signs of recovery have started to emerge, adding confidence to the global market. The United States, for instance, saw its unemployment rate drop to 7.5 percent in April, the lowest since October 2008.

In Europe, previous concerns over major EU members such France and Italy being on the verge of needing financial bailouts look overblown at the moment. In China, despite talk of a slowdown, the growth of the country's GDP still looks impressive compared with the rest of the world. The official figure for GDP growth in the first quarter stood at 7.7 percent. CPI, a gauge of inflation, remains low. But the world still must keep an eye on prevalent easy monetary policies pushed by the world's major central banks. Japan, for instance, has sought to revive its economy through loose monetary polices. The U.S has put in place several rounds of quantitative easing measures. And the European Central Bank has just lowered its interest rates.

So how is the world economy faring at the moment? And will China continue to be the engine for global recovery amid slower growth?

Ni hao, you're listening to  People In the Know, bringing you insights into the headline news in China and around the world. I'm Zheng Chenguang in Beijing.

On this edition of the program, "People in the Know's" Nathan Wakelin-king speaks to Dr. Robert Wescott, an economic advisor to former U.S. President Bill Clinton. We caught up with him at the Pioneer Investments' Colloquia Series in Beijing, an annual economic thought leadership event that brings together a range of leading global figures, including Nobel Laureates.

Share

               


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.


 
Hourly News more

The Beijing Hour more
The Beijing Hour updated 20:00 2014/05/23
Micro-blog: weibo.com/beijinghour

Highlights more

People In The Know more
2016-04-11 China and Canada: Closer Bilateral Ties Expected 
In this edition of program, we are joined by a Chinese-Canadian senator and a Canadian professor to take a look at the ties between China and Canada.
2016-04-08 Energy Security in Asia 
In this edition of program, we are joined by a scholar and a businessman to take a look at energy security in Asia?

Talk to CRI

News
China
World
Politics
Business
Sports
Showbiz
Sci-tech
Photo
Recommended
China
World
Sports
Showbiz
Travel
Video
C4
The Sound Stage
Showbiz
Travel
China Revealed
My Chinese Life
Travel
Destinations
Photo Gallery
Recommended
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News
China.org.cn  | Xinhua  | People's Daily Online   |  CNTV.cn  | China Daily  |  Global Times  | China Job  |  China Tibet Online  | Taiwan.cn  | eBeijing  | Beijing Today  | China-Eurasia Expo  | APEC Yiwu Conference  | Chinese Embassy in S.Africa  | Chinese Embassy in Australia  | Chinese Embassy in NZ