U.S. monetary policy and possibility of global recession
- 5 years ago
글로벌 경기 침체, 우려인가 현실인가
The U.S. Federal Reserve has left rates on hold, while the U.S. saw an inverted treasury yield curve for the first time in 12 years.
These are fanning speculation that the global economy might be facing a recession.
For more analysis on Washington's recent monetary policy and its impact on South Korea,... Professor Shin Sang-hyup, of Pan-Pacific Int'l Studies at Kyung Hee University now joins us in the studio.
Good to have you with us.
1. So the U.S. treasury yield showed an inverted curve for the first time since 2007, with long-term rates falling below short-term rates. This has led Asian shared decline 1 to 3 percent. Could you explain to us what this means and why it's important in diagnosing the U.S. economy as well as the global economy?
2. U.S. Fed, and the European Central Bank have both made an abrupt U-turn from tightened monetary policy and to this, many countries are following suit.
How do you forecast the direction of major economies' future fiscal policies?
3. Now to the unresolved trade friction between the U.S. and China. The two sides are set to resume talks this week in Beijing, and in Washington next week. What are the main sticking points this time around?
4. U.S. President Trump lately got rid of the Russian election interference cloud haning over him. Could this be an external factor that could affect Washington's trade talks with Beijing?
5. North Korea increasingly appears to be solidifying ties with its socialist neighbors amid continuing North Korea-U.S. nuclear impasse. Could this have any effect on China' trade talks with the U.S.?
6. Global credit ratings agency Moody's said Tuesday, it expects most Korean firms will have a stable credit quality this year. Can we keep up the optimism despite the U.S.-China trade deal risk?
7. The IMF recently pointed out that South Korean economy needs an extra budget worth some 9 trillion won to support its economic growth. Korea's finace minister Hong as well as Bank of Korea governor Lee has also agreed on the need for a supplementary budget. What's your take on this?
The U.S. Federal Reserve has left rates on hold, while the U.S. saw an inverted treasury yield curve for the first time in 12 years.
These are fanning speculation that the global economy might be facing a recession.
For more analysis on Washington's recent monetary policy and its impact on South Korea,... Professor Shin Sang-hyup, of Pan-Pacific Int'l Studies at Kyung Hee University now joins us in the studio.
Good to have you with us.
1. So the U.S. treasury yield showed an inverted curve for the first time since 2007, with long-term rates falling below short-term rates. This has led Asian shared decline 1 to 3 percent. Could you explain to us what this means and why it's important in diagnosing the U.S. economy as well as the global economy?
2. U.S. Fed, and the European Central Bank have both made an abrupt U-turn from tightened monetary policy and to this, many countries are following suit.
How do you forecast the direction of major economies' future fiscal policies?
3. Now to the unresolved trade friction between the U.S. and China. The two sides are set to resume talks this week in Beijing, and in Washington next week. What are the main sticking points this time around?
4. U.S. President Trump lately got rid of the Russian election interference cloud haning over him. Could this be an external factor that could affect Washington's trade talks with Beijing?
5. North Korea increasingly appears to be solidifying ties with its socialist neighbors amid continuing North Korea-U.S. nuclear impasse. Could this have any effect on China' trade talks with the U.S.?
6. Global credit ratings agency Moody's said Tuesday, it expects most Korean firms will have a stable credit quality this year. Can we keep up the optimism despite the U.S.-China trade deal risk?
7. The IMF recently pointed out that South Korean economy needs an extra budget worth some 9 trillion won to support its economic growth. Korea's finace minister Hong as well as Bank of Korea governor Lee has also agreed on the need for a supplementary budget. What's your take on this?