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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndonesia's and India's economies are 'more insulated than before' to global risks, economist saysPaul Gruenwald, global chief economist at S&P Global Ratings, says both countries have "great growth stories" and "good domestic demand stories."
Persons: Paul Gruenwald
The Fed could cut rates five times in 2025, according to S&P Global Ratings' global chief economist. A slowing US economy will give the Fed the green light to cut, the firm predicted. That implies the Fed will lower rates by 2 full percentage points as inflation continues to cool. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Fed could cut rates as many as five times next year, as the US economy can't keep its hot pace of growth forever, according to Paul Gruenwald, S&P Global Ratings' global chief economist.
Persons: , Paul Gruenwald, Gruenwald Organizations: Service, Yahoo Finance, Business
ReutersAny possible escalation of the Israel-Hamas war poses a major risk to the global economy, driving up energy prices and disrupting key trade routes, economists have warned. Israel's subsequent bombardment of Gaza in a bid to eliminate Hamas has increased the risk of a spillover to the wider Middle East region. The events in recent days have deepened the greatest fear among economists, that the conflict engulfs the region and begins to pose a long-term threat to global energy and trade infrastructure. Back then oil prices gained 30% in a matter of two weeks before settling at around 15% above pre-war levels," said J. Safra Sarasin Equity Strategist Wolf von Rotberg. "You choke off those points and you create major disruption not just to oil prices, but the whole supply chain of the world for energy and other goods as well."
Persons: Israel's, Isaac Herzog, Pat Thaker, Thaker, Brent, J . Safra Sarasin, J, Wolf von Rotberg, Elijah Oliveros, Rosen, Oliveros, Paul Gruenwald, Gruenwald Organizations: Hamas, Reuters, Palestinian, Lebanese, Hezbollah, Economist Intelligence Unit, CNBC, Fed, ECB, West Texas, J ., Safra Sarasin Equity Locations: Israel, Palestinian, Gaza, Lebanon, East, Africa, Saudi, Ukraine, Europe, Iran, Tehran, Saudi Arabia, Suez, Persian, Hormuz, U.S, Chile, Turkey, Thailand, Philippines, India, Egypt
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrivate sector investment needs to pick up for India to be on a 6-7% growth path: S&P Global RatingsPaul Gruenwald from S&P Global Ratings says the global growth baton is passing to India as the country is in a good spot right now both structurally and geopolitically.
Persons: Paul Locations: India
"We've got other things happening outside of the dollar world," Paul Greunwald said, per Reuters. The US dollar "will continue to be a leading world currency," Greunwald said, per Reuters. However, "it will no longer be the dominant world currency," he added. "We've got other things happening outside of the dollar world," said Greunwald, citing a growing volume of trade that's being done in the Chinese yuan as an example, per Reuters. Nobel laureate and economist Paul Krugman wrote in an op-ed for the New York Times on Friday that the greenback's dominance won't last forever — "because nothing does."
Persons: We've, Paul Greunwald, chimed, Paul Gruenwald, Greunwald, Nobel, Paul Krugman, Krugman Organizations: Russia, Service, P Global, Reuters, Bank of International, New York Times Locations: Wall, Silicon, London, Russia
S&P Global's top economist sees dollar dominance diminishing
  + stars: | 2023-07-11 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 11 (Reuters) - The dollar's grip as the dominant global currency is loosening, credit rating agency S&P Global's top economist said on Tuesday. The dollar "doesn't have quite the pull it used to," Paul Gruenwald, S&P's chief economist, said at a conference hosted by the ratings firm in London. Gruenwald pointed to a number of examples where countries were now circumventing the dollar: "We've got other things happening outside of the dollar world". "The U.S. (dollar) will continue to be a leading world currency, (but) it will no longer be the dominant world currency," Gruenwald said. Reporting by Libby George; Editing by Marc Jones and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
Persons: Paul Gruenwald, We've, Gruenwald, Libby George, Marc Jones, Alexander Smith Organizations: Asia Infrastructure Investment Bank, New Development Bank, Thomson Locations: London, China
After months of asking, Ukraine finally got the West to shift its stance on outfitting its air force with F-16s. But the fourth-gen fighter jets won't necessarily be a game-changer or give Ukraine air superiority. But the right weapon systems may allow F-16s "to strike targets that Ukraine might not otherwise be able to hit." "The decision to give Ukraine F-16s is not about helping it survive the next phase of the war, but helping it ensure its sovereignty in the long term." Two US Air Force F-16 Fighting Falcons US Air Force photo by Tech.
Persons: , Biden, David Kujawa, Pat Ryder, Ryder, Tannehill, Charles Vaughn, Kevin Gruenwald, Matthew Lotz, JASSMs Organizations: US Navy, Service, RAND Corporation, US Air Force, Alpena Combat Readiness, Center, Pentagon Press, Air Force, RAND, AIM, Alabama Air National Guard, Air, Controller, Mirgorod Air Base, Tech, Incirlik Air Base, Staff of, Armed Forces, Fighting Falcons US Air Force, Kyiv Locations: Ukraine, Russia, Michigan, Denmark, Netherlands, Europe, Ukrainian, California, Kyiv, Turkey, Russian, Crimea
A couple in Canada reportedly lost $21,000 from a scammer claiming to be a lawyer and their son. Benjamin Perkin told The Washington Post his parents thought the AI-generated voice was him. Perkin told the Post the voice was "close enough for my parents to truly believe they did speak with me." Scams involving AI technology predate the emergence of ChatGPT and other AI bots going viral right now. "AI tools that generate authentic-seeming videos, photos, audio, and text could supercharge this trend, allowing fraudsters greater reach and speed," she said.
Tech companies and investors think generative AI will be an economic revolution. Investors say generative AI could save workers loads of unnecessary labor. While AI products may hold less promise than companies say, the FTC is worried they will make it easier to deceive voters and consumers. "We're also concerned with the risk that deepfakes and other AI-based synthetic media, which are becoming easier to create and disseminate, will be used for fraud," FTC spokesperson Juliana Gruenwald told Insider. If the FTC's instincts are right, today's generative AI may pose less economic disruption than deception.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market heard what it wanted to hear from Fed Chair Powell's speech: S&P Global RatingsPaul Gruenwald of the credit rating agency says there's been some relief that the U.S. Federal Reserve may be slowing the pace of interest rate hikes and "maybe 75 (basis points) is not the new 25 after all."
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