Pessimistic expectations for the outcome of the meeting of the world’s top-bankers
Sun, Aug 24, 2008
Top-bankers of the world will gather today at its annual meeting in the United States. According to analysts, today’s meeting will be marked by a sense that not many possible moves to be taken to restore the credit markets and saving the global economy, reported Bloomberg. In recent weeks, economic indicators of leading world powers have shown great enhancement of inflation and an increase in inflation expectations. This is likely to push the head of the U.S. Federal Reserve Ben Bernanke and his colleagues to leave interest rates unchanged. Similar is the situation in Europe, which significantly limits the possible moves to the European Central Bank and The English central bank. Bernanke is expected to announce its strategy for the direction of monetary policy during the opening of a conference in Jackson Hall today. The event, which will end tomorrow, takes place annually in 1982 from here, as there are leading bankers from around 40 countries worldwide. This meeting is held in very delicate moment for the world economy. After the United States were severely affected by ipotechnata crisis in the country and the dollar gave up significantly over last year, the problems are gradually prenesoha and in other leading economies. The most critical situation, as many are seen in Britain as increasingly growing expectations that the economy will enter recession. Similarly, it is expected to develop things in Japan and the euro more things can not be categorical. During the last quarter the main pillars of the euro - Germany and France, recorded negative economic growth, but influential representatives of both parties this is only a temporary trend. According to preliminary discussions expectations of today’s conference will be concentrated mainly around the problems with high inflation, which is observed globally due to high prices of fuel and food. Despite the fact that the meeting will present some of the most influential people in the world of finance, it is not expected to end with any decision or plan for joint action.



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