Key Economic News to Watch This Week: April 22
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After the G20 meetings in Washington last week, Europe was forced to make growth a higher priority. This Friday, the United States releases its Q1 GDP data and preliminary estimates show the world’s largest economy growing at 3 percent in the first three months of 2013 – a remarkable rate at least by the standards of advanced economies.
Monday, April 22
After the G20 meetings in Washington last week, Europe was forced to make growth a higher priority. This Friday, the United States releases its Q1 GDP data and preliminary estimates show the world’s largest economy growing at 3 percent in the first three months of 2013 – a remarkable rate at least by the standards of advanced economies.
Monday, April 22
The EU Foreign Affairs Council meets in Luxembourg and will debate events in the EU’s southern neighbourhood, focusing on Syria and Lebanon. The Council will also discuss future EU relations with Myanmar and examine the situation in Mali.
Tuesday, April 23
The Economic and Monetary Affairs Committee will vote on its version of a new law on how to restructure or wind down ailing banks, especially in light of the recent bailout deal for Cyprus. The bill, which has to be approved by the EU Parliament and member states, clarifies the pecking order of losses for bank investors and creditors during a crisis.
Related: EU Strikes a Deal on ECB Bank Regulatory Role
The World Economic Forum holds its Latin America conference in Lima, Peru. The event brings together 500 leaders who will discuss the opportunities and challenges that lie ahead under the theme “Delivering Growth, Strengthening Societies.”
Wednesday, April 24
The ASEAN summit will take place in Brunei. Leaders from the 10 member countries, as well as partner countries such as China, Japan and Korea, are expected to press Beijing to agree to start negotiations on a new pact aimed at thwarting a major clash in one of the world’s busiest waterways. China, Taiwan and ASEAN members Brunei, Malaysia, the Philippines and Vietnam have overlapping claims across the South China Sea, which Beijing claims in its entirety. The Philippines and Vietnam in particular have been at odds with China over the region in recent years, with diplomatic squabbles erupting over oil and gas exploration and fishing rights.
Related: ASEAN To Push China For South China Sea Code Of Conduct
Related: Philippines Backs Rearmed Japan to Counter China
Africa Partnership Forum meets at OECD offices in London to discuss global energy outlook and implications for Africa.
Thursday, April 25
French president François Hollande visits China where he is expected to meet with president Xi Jinping.
Friday, April 26
The United States releases its Q1 GDP report. After the U.S. economy avoided a contraction in the final quarter if last year, preliminary GDP estimates show the U.S. growing at 3 percent in the first three months of 2013.
Related: Will America’s Middle-Class Crisis Diminish Its Global Superpower Status?: George Friedman
Saturday, April 27
A parliamentary election takes place in Iceland. The country is likely to conclude negotiations with the European Union about membership afterwards.
