Zoellick on the world economy and new hotspots
Prieur du Plessis (November 20th, 2009) Writes:
In this three-part video interview, Robert Zoellick, president of the World Bank, discusses with Chrystia Freeland, FT’s US managing editor, a range of topical issues concerning the global economy, new economic hotspots, China’s currency peg and lessons from the crisis.
Part 1: China and the dollar Zoellick talks about President Barack Obama’s recent trip to China and the effects of Chinese currency being pegged to the dollar. He also discusses increased criticism from China of US economic policy.
Click here or on the image below to view Part 1 of the interview.
Part 2: World economy Zoellick talks about the state of the world economy, including the financial recovery, concerns about protectionism and the role the US consumer will play in the recovery. Additionally, he discusses America’s fiscal position, the weakening US
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Figure 1: Log real value of RMB (blue, left axis), and Chinese trade balance in billions USD at annual rates (red, right axis) from Chinese statistical sources, and twelve month trailing moving average (maroon). Source: IMF, International Financial Statistics, ADB, NBER and author's calculations.


