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David Marsh on Friedrich Merz: ‘German leader in waiting’, Desmond Lachman on emerging markets, and more
OMFIF UPDATE – WEEK 23 2019 – 3-7 June 2019 Vol.10 Ed.23
COMMENTARY
Merz: German leader in waiting
Germany has a new leader in waiting. Friedrich Merz, long-time Christian Democrat rival to Chancellor Angela Merkel, is moving into pole position as her most probable replacement, with support from industrialists disillusioned with the mainstream politicians at the helm of the ‘grand coalition’, writes David Marsh. Read more.
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PODCAST
EU parliamentary elections: Results analysis
Bernd Lucke, a member of the European Parliament for Germany, and Iain Begg, co-director of the Dahrendorf Forum European Institute, join OMFIF’s Ellie Groves, to discuss the results of the European Parliament elections. They assess the impact of the results on the priorities of the parliament and European Commission. Listen.
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MEETING
Monetary policy-making at the Fed
In response to steady growth and strong economic performance, yet declining inflation, the Federal Reserve is keeping interest rates on hold after a period of policy normalisation. Ricardo Reis, consultant at the Fed, will discuss some of the major policy considerations it faces.
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COMMENTARY
Emerging markets spoil IMF optimism
The IMF is pinning its hopes for a much-needed boost to the world economy on an emerging market rebound in the second half of 2019. But continuing currency crises in Turkey and Argentina, as well as diminishing hope for improved economic performance in Brazil, undercut such optimism, writes Desmond Lachman.
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MEETING
Brazilian economic outlook
Brazil has seen a marked change of political leadership, with major consequences for the country. This breakfast briefing with Tiago Berriel, deputy governor of Banco Central do Brasil, will cover the economic climate in Brazil, projected growth in the country and expected fiscal and monetary reforms.
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PODCAST
Ahead of the ECB
OMFIF’s Danae Kyriakopoulou is joined by Ernst Welteke, former president of the Deutsche Bundesbank, and Carsten Brzeski, chief economist at ING Germany, to discuss the European Central Bank’s policy outlook. They discuss the challenges facing the ECB as the world economy heads for a slowdown.
COMMENTARY
How Tories can regain rationality
In Britain’s zig-zag course to leave the European Union, two things are clear, in the wake of the European elections and Prime Minister Theresa May’s resignation.
First, both Conservatives and Labour face existential crises. Second, demands for a second referendum serve no useful purpose, writes Meghnad Desai.
MEETING
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Global Public Investor launch
The Global Public Investor is devoted to public sector asset ownership and management around the world, with the aim of spreading best practice amongst central banks, sovereign funds and public pension funds. OMFIF convenes members of this community to unveil the sixth annual publication.
