New IMF chief economist faces multiple pressing issues
Challenges include Fed's plan to raise interest rates, Europe's migration crisis and the Brexit problem
Washington
JUST a few months into the job, the challenges are already piled high for the International Monetary Fund's new chief economist Maurice Obstfeld.
There's the Federal Reserve's plan to raise interest rates - which poses a deep test to economies worldwide. There's Europe's migration crisis. And not to be forgotten is Britain's threat to leave the eurozone when the region's economy is already frail.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Fed officials mull if rates are high enough as inflation expectations jump
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
UN General Assembly backs Palestinian bid for membership
US chip workers are likely to quit jobs, worsening labour shortage
India's industrial output up 4.9% year-on-year in March
Pandemic treaty talks end without agreed text, next step up for debate