Key Economic News to Watch this Week: August 27
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The Jackson Hole annual symposium of central bankers will the main economic highlight of the week. Federal Reserve chairman Ben Bernanke is expected to speak on Friday and any hints he may drop could set the tone for markets during the following months.
Monday, August 27
Indian and Chinese trade ministers meet in New Delhi and India is expected to raise the issue of widening trade deficit with China.
The Jackson Hole annual symposium of central bankers will the main economic highlight of the week. Federal Reserve chairman Ben Bernanke is expected to speak on Friday and any hints he may drop could set the tone for markets during the following months.
Monday, August 27
Indian and Chinese trade ministers meet in New Delhi and India is expected to raise the issue of widening trade deficit with China.
Related Story: China vs. India – Is Either Economy At Risk? : Stephen Roach
Egyptian President Mohamed Mursi, the country’s first freely elected civilian head of state, visits China. The two countries are expected to sign cooperation agreements, as well as discuss regional and international issues. Bilateral trade reached $8.8 billion last year, up 40 percent from 2008.
The 16th Non-Aligned Movement Summit takes place in Tehran. The NAM is a group of 120 member states and 17 observer countries that consider themselves not formally aligned with or against any major power bloc.
Financial Inclusion Advisers Programme and Seminar on Islamic Microfinance is held in Kuala Lumpur, Malaysia
Wednesday, August 29
IMF mission visits Ukraine to assess the country’s 2013 budget. The IMF froze a $15 billion loan programme for Ukraine after the country failed to raise gas prices at home and carry out other unpopular reforms.
Indian Prime Minister Manmohan Singh visits Iran, as part of the NAM summit. The trip, however, has come under scrutiny as evidence India’s enduring ties with the Islamic Republic, which has hailed the summit as a diplomatic coup against the West.
Japan holds government-level talks with North Korea for the first time in four years. The meeting in Beijing is the latest sign of a thaw in the traditionally frosty relations between the two countries.
Thursday, August 30
APEC finance ministerial meeting takes place in Moscow.
German Chancellor Angela Merkel visits China for the second time this year, a reflection of China’s growing clout as Europe’s leaders grapple with the impact of the eurozone debt crisis.
The Brazil Windpower conference and exhibition in Rio de Janeiro (until August 31) aims to highlight the potential of the sector in a country where wind is the fastest growing source of power generation.
Friday, August 31
Fed chairman Ben Bernanke speaks at the annual Jackson Hole Symposium for central bankers. Analysts are hoping Bernanke provides hints about future monetary policy and the possibility of QE3.
Related News: Happiness Matters Too: Ben Bernanke
Related News: US Banks Are Fine, Worry About the EU: Bernanke
Related Story: Sympathy For The “Devil” – Why The Bernanke Bashing Is Uncalled For: Raghuram Rajan
