GLOBAL MARKETS: I’m goin’ to Jackson
Central bankers will gather at their annual Jackson Hole as warning signals from financial markets add to rising pressure to come up with ways to support the global economy
Central bankers will gather at their annual Jackson Hole meeting in Wyoming this week as warning signals from financial markets add to rising pressure to come up with ways to support the global economy. Investors are anticipating a fresh wave of stimulus measures.
"Markets have an insatiable appetite for easing," says Nicola Mai, a portfolio manager at Pimco. "No matter what central banks do, they want more."
Greece tax reform
Greece’s new finance minister has said that implementing sweeping tax reforms will be his key priority as his country seeks to boost growth and rebuild credibility with investors following a decade of international bailouts backed by the EU and International Monetary Fund. The overhaul will focus on reducing income and corporation tax, cutting VAT, streamlining tax incentives for investors and abolishing emergency levies imposed during the Greek debt crisis.
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