firstly, i think kristalina georgieva is going to be a good... that is not the question i am asking you... look, i don‘t know, is the short answer to your question because britain has never been able to land the imfjob since its creation, even though a british economist came up with the idea. i do not know whether it was brexit induced or whatever. .. your mainjob is editing the london evening standard. we talked about theresa may earlier, have you in a sense, used your platform at the evening standard, to go after some of your political enemies? because some of your headlines about theresa may, and your editorials, have been absolutely brutal. and as a former politician, do you ever wonder about getting the tone right? what i certainly try and do with the newspaper is speak for the more than a million readers we have in the capital, and the paper has a has been a kind of liberal conservative paper, supportive of the conservative party but pro—engagement in europe... the "dead woman walking" headline, things like that, do you regret them? act

in the guardian business pages, kristalina georgieva, the head of the international monetary fund, has said raising income tax on the wealthy will help close the growing gap between rich and poor and can be done without harming growth. with me is dr stephanie hare who's an independent analyst covering politics and economics. bbc online talking about the iran attack. all this has been emerging overnight. swift response from iran. this is in response to the american attack on the iranian general qasem soleimani last week and we have been waiting for what iran's response will be, they launched some missile attacks on two us bases in iraq. we have no word from the pentagon on whether or not there were casualties. donald trump is expected to make a statement later today, but he did tweet, saying that the united states has the best military in the world and all is well. so, watch twitter! but more seriously, what we are looking for now from a business perspective at least as the market reaction, the effect on oil, so we are seeing a the price of oil. the price of gold has gone up to a high s

in the guardian business pages, kristalina georgieva, the head of the international monetary fund, has said raising

kristalina georgieva is the managing director of the new chief of the imf. let's see what her prognosis is for markets outside the united states. [applause] >> happy to have you here. let's get right into it. we had an upbeat view of the us economy and complaints about the global economy. let's start with the u.s. despite everything we have seen a slowdown in us growth this year and a slump in manufacturing, decline in business investment. from your perch, what is your outlook for the us economy in the coming years? >> the us is in a good place. people in this room have contributed to that, the longest in history, expansion, lowest in the last 50 years. to see that wages, and low-paid workers out facing wage growth on average driven by productivity gains, very important to recognize but you are right that there are issues, manufacturing and agriculture, what we see consumption and services being the drivers of that good growth. we see in the united states like every where prolonged periods of low interest rates, looking for more leverage, and in the househol

let's take that a step further and ask kristalina georgieva to join us. she is the new magaging director to the new chief of the imf. let's see what her prognosis is for your markets outside of the united states. [applause] >> hello. welcome. so happy to have you here. so, let's get right into it. we just heard a very upbeat view of the u.s. economy and complaints about the global economy. let's start with the u.s. despite everything mr. kudlow just said, we have also seen a slowdown in u.s. growth this year and a slump in manufacturing, a decline in business investment. from your perch, what is your outlook for the u.s. economy in the coming year? >> well, the u.s. is in a good place. and people in this room have contributed to that. what we lave is the longest in history, expansion, lowest in the last 50 years unemployment. what we value particularly is to see that wages are going up in the u.s. and wages of low-paid workers are outpacing wage growth on average. that is driven by productivity gains, very important to recognize, but you are right that th

and on my left, we have governor kurado from japan, left of him, kristalina georgieva, my former boss at imf, now currently the president of ecb. we have next to her, we have steven mnuchin, treasury secretary of the united states. then we have mr. scholz, minister of foreign affairs of germany. and last, obviously not least, and also important person, kristalina georgieva -- i hope i pronounced the name well -- managing director of international monetary fund. welcome to this really, really excellent panel. so, madam, i would like to start with you. and you just issued your updated global economic outlook. so, tell us, where do you see the world economy in 2020 and a little bit go beyond? but you have only three minutes. i understand it would take 30 to 40 minutes. >> it is a message that can easily be summed up in three minutes. we are in a better place in january 2020 than we were in october 2019 during our annual meetings. we are projecting growth this year at 3.3%, next year 3.4%. this is clearly an improvement vis-a-vis the record low of last year of 2.9%. and what is driving th

let's take that a step further and ask kristalina georgieva to join us. she is the new magaging director to the new chief of the imf. let's see what her prognosis is for your markets outside of the united states. [applause] >> hello. welcome. so happy to have you here. so, let's get right into it. we just heard a very upbeat view of the u.s. economy and complaints about the global economy. let's start with the u.s.

joining me now managing director of imf kristalina georgieva. nice to see you. >> thank you very much for having me here. >> i mentioned the trimmed global outlook what was the reason behind the outgrade. >> let me state we're in a better place today than we were in october the trimming down is because of india, abrupt slowdown in one country, and a little bit of unrest in hong kong, chile, colombia. >> so it doesn't say anything about the overall. >> three things better today number one, trade and industrial seem to be bottoming out two, we have been success foreign minister with synchronized cutting of interest rates that helped the world economy. and three, china-u.s. phase one deal. >> what did you think about that deal did it go far enough >> obviously if there is a phase two, that means phase one hasn't gone far enough. >> were you disappointed the tariffs remain >> the important thing is we now have a capacity to cooperate between two countries that are very critical for global growth. we would like to see more. we would like to see more

last but not least, kristalina georgieva, i hope i pronounced the name well, president of the international monetary fund. an excellent panel. i would like to start with you. you just issued the updated global economic outlook. where do you see world economics in 2020 and beyond? you have only three minutes. i understand it takes 30 or 40 minutes. [laughter] >> it is can easily be summed up in three minutes. we are in a better place in january of 2020 than we were in october of 2019 during our annual meetings. we are projecting growth this year at 3.3%, next year 3.4%. this is clearly an improvement vis-a-vis last year's low of 2.9%. what is driving this are three things. one, trade relations are proceeding. the signing of the u.s.-china trade deal creates more confidence. and we know that uncertainty was a drag on investments to central . two, central banks. we have great representation here. it has served the world well. synchronized tax cuts have given a boost to growth. we actually calculated the size of this boost. half a percentage point from last year to this year. what is very impor