in april 2010, the outlook appeared fairly bright. programsency lending that the federal reserve implemented at the height of the crisis have been largely wound down. soon to complete its first large-scale asset purchase program. private sector forecasters polled in the 2010 blue chip survey were predicting the unemployment rate would fall steadily to 8.6% in the final quarter of 2011. this forecast proved quite accurate. the unemployment rate averaged 8.6% in the fourth quarter of 2011, but this was not the whole story. in april 2010, blue chip forecasters not only expected falling unemployment, they also expected the fomc to soon begin raising the federal funds rate. indeed, they expected the federal funds rate to reach 1.3% by the second quarter of 2011. by july 2010, however, with growth disappointing and the fomc expressing concerns about softening in both growth and inflation, the blue-chip forecast of the federal funds rate in mid-2011 had fallen to 0.8%. by october, the forecasters expected that the rate would remain in the ra

i find this baseline outlook quite plausible. of course, if the economy obediently followed our forecasts, the job of central bankers would be a lot easier. and their speeches would be a lot shorter. [laughter] alas, the economy is not often so compliant. so i will ask your indulgence for a few more minutes. because the course of the economy is uncertain, monetary policy makers need to carefully watch for signs that it is day -- diverging from the baseline outlook, and then respond in a systematic way. let me turn first to monitoring and discuss three questions i believe are likely to loom large 'the fomc's ongoing assessment of where we are on the path back to maximum employment and price stability. the first question concerns the extent of slack in the labor market. one of the fomc's objectives is to pro meat a return to maximum employment. but exactly what conditions are consistent with maximum employment can be difficult to assess. thus far in the recovery and to this day, there is little question that the economy has remaine

forfomc's current outlook continued moderate growth little from last fall.t months, some noticeablyhave been weak, requiring us to judge whether the data is signaling a material change in the outlook. the unusually harsh winter weather in much of the nation is judgment, butis my fomc colleagues and i generally believe a significant part of the recent softness was weather related. the continued improvement in weather -- and labor market conditions has been important in this judgment. at 6.7%ployment rate has fallen 3/10 of a percentage point since late last year. broader measures of unemployment that include workers marginally attached to the labor force and those working part-time for have fallen ans bit more than the headline unemployment rate. labor force participation, which had been falling, has except this year. by theon is measured price index for personal consumption expenditures has flowed from an annual rate of about two and a half are sent in early 2012 to less than one percent in february of this year. this rate is well below the two percent long

the outlook itself is not that different from january. for next year the bank expects the korean economy to grow four point two percent also up zero point two percentage points however it not work the nation's inflation outlook for this year to two point one percent citing a drop in prices of agricultural products in the first quarter. the bank of korea also left its key interest rate unchanged at two and a half percent for the eleventh straight month in april as widely expected the central bank went on to say that there could be of great height in the second half of this year if inflation goes up. did the years. the car is best for broke in two thousand mark for first time this year on thursday game four to nine points or half a percent from the previous day despite an unexpected drop in china's exports last month it was the third straight day of gains with foreign investors by around three hundred million us dollars of shares the cost and also gained half a percent. meanwhile the korean won was trading at one thousand forty one to the g

april 2010,go, in the outlook appeared fairly bright. lending programs at the federal reserve implemented at the height of the been largely wound down. and the fed was soon to complete its first large scale asset purchase program. forecastersor polled in the april 2010 blue thatsurvey were predicting the unemployment rate would fall steadily. the final quarter of 2011. quiteorecast proved accurate. the unemployment rate averaged the fourth quarter of 2011. but this was not the whole story. in april 2010, blue chip expectedrs not only falling unemployment, they also expected the fomc to soon begin raising the federal funds rate. indeed they expected the federal to reach 1.3% by the 2011. quarter of by july, 2010, however, with theth disappointing and fomc expressing concerns about both growth and inflation, the blue chip fundast of the federal rate in mid 2011 had fallen to 0.8%, and by october the forecasters expected that the remain in the range of 0 to 25 basis points throughout 2011, as turned out to be the case. expectations of polic

what is needed for s&p to changes negative outlook? >> improvement can come on a number of fronts.n terms of deep structural reform to make russian less reliant -- russia less reliant on energy exports and productions, i have very low expectations for that. also saying the same thing a afferent way, it it is [indiscernible] society. as what he could take, i think if the geopolitical attention it eased you with ce using on the islands of payment. that would certainly help. president obama and european leaders discussed a possible expansion of sanctions against russia. secretary warning that russia is running out of time to ease tensions in ukraine. if more sanctions are imposed on russia, what is that going to mean for the country's medium-term economic growth and for its credit outlook? >> it would bring the medium-term growth prospects down. we think they would be running around 2%. it could certainly make it hard for them to achieve that this year and next are or the year thereafter. heck of a pressure on the rating. it depends on the extent of the sanctions and whether they are

coming up today, the fed's economic outlook. we will take a closer look at the base book and see which sectors are the leading the recovery. when bottom line continues in just a moment. ♪ >> welcome back.. this is bottom line on bloomberg television. let's now have more on the fed's take on the u.s. economy. me fromonk joins chicago. welcome back to bottom line. always a pleasure to have you on the broadcast. >> great to be here. >> the beige book says that reports from the fed's 12 districts showed economic growth in most regions. there were pickups in consumer , transportation sector strengthened and manufacturing improved. is this economy finally ready to take off? >> it will take off in the second quarter. we are seeing that weather-related catsup. the beige book there are to sum up what we saw in today's earlier reports in industrial production, manufacturing. the weather not having as much of an impact on manufacturing as it did on other sectors like construction. where thew places weather was the worst like the midwest an

some folks were looking about outlook and concern for outlook 2014 overall. you the headlines pertaining to mobile chat competitors. the big picture here some closely-watched numbers such as monthly active user base that has been to the upside. it was 14 million up to 255 million. that is a growth number of 5.8% from december so that was good. we awe saw growth also in international revenue. first quarter revenue we saw that as well. mobile advertising revenue was about 80% of total advertising revenue. don't forget how important mobile he is. you're seeing the stock dramatically to the downside. this is the second public report for twitter since they went public. back to you. david: thanks, nicole. liz: with us now, we bring back tom forte, who has been standing by watching twitter numbers. telsey group managing director and senior research analyst. the outlook for the year people don't like on this, right, tom. >> liz, that is also part of it. but that audience performance at 255 million. we were looking for 259. i think consensus was 257 has people wonderi

coming up, a global outlook.e will get reaction to the international monetary fund's world economic outlook. us in just a joins moment. ♪ >> welcome back. this is "bottom line" on bloomberg television. i'm mark crumpton. to washington where the international monetary fund cut its global growth forecast in his newly released world economic outlook report. my colleague, yang yang, is in washington with more on that story. good afternoon. >> good afternoon, mark. yes, indeed, the imf has trimmed its global economic growth -- prediction, but only by a 10th of a percent. it is down slightly from its 3.7% production in january to 3.6%, but up from last year's growth of only three percent. next year's expansion is expected to accelerate to 3.9%, unchanged from the prior forecast. the new outlook comes just days before the official kickoff of the imf world spring meeting on friday in washington. the overall report is stronger, unevenble global -- global recovery with weaker markets in brazil and japan. the u.s. was singl

they raise the rating and maintain negative outlooks and maintained stable outlook.eing revised to negative by standard & poor's. things seem to be improving in the overall economy. not quite solid. thank you. tomorrow i will interview dick c ostolo. talking about twitter's results, effort to increase user engagement. do not miss my interview with the twitter ceo tomorrow. ♪ >> from bloomberg world headquarters, i am mark crumpton. this is "autumn wind" the intersection of economics and -- line" theottom intersection of economics and business. the statement comes after the clippers lost sponsors and a half dozen other suspended deals with the team. a leak marketg

>> reporter: well point is optimistic about the profit outlook. others like aetna more cautious. investors are bullish on the sector while the s&p rose over 1% year to date, ensurers gained nearly 7% and analysts say the stock will likely see more gains. >> it looks like the insurers priced their insurance business correctly, which means that there is probably some upside in terms of earnings potential for the rest of the year. >> reporter: another positive for insurance earnings, the medicare advantage program, proposed rate cuts look lower than some estimated. >> giving that we're going into a midterm election year, i would be surprised if there would be cuts in any aspect of health care. >> final medicare advantage rates will be release in early april but final aca numbers may not come for awhile. with people experiencing glitches on sites being given up to two more weeks to complete their applications. bertha coombs, "nightly business report." >>> more health news you should know about, an experimental class of cholesterol lowering drugs, showing promise for up to 70 million

here'ses extended outlook. >>> and that's all from me today. gene otani will be here at the top of the hour with more updates. thank you for watching. ?/cúcú ." welcome to "france 24 here are the headlines this hour. voters go to the polls in iraq for the first general election since u.s. troops pulled out over two years ago. but the severe violence that hit the country this week continues. seven more people have been killed today as dozens of attacks target holing stations and voters. hundreds of pro-russian separatists take over government buildings in the ukrainian provincial capital of luong. despite new western sanctions on russia. an inmate in oklahoma dies of a heart attack

. >>> let's turn to diane for his outlook for the u.s. economy. she's chief economist. hi, diane. i'd like to start talking to you about the job market. we got a survey from the federal reserve this week saying that a lot of people feel their chances of getting a job are a lot better. are we going to see spring hiring? >> we are going to see spring hiring. we are also going to see a catch-up to winter slowdowns that we saw. many parts of the country that suffered the worse is we saw people hibernate. we also saw people migrate. vacations have surged and in the federal reserve report this last week we saw that there's a lot of ski resorts seeing a lot of strong bookings, some of the best winters they have seen. people are scrambling to do anything they can to shake off the winter dull drums. that's going to increase hiring at amusement parks. we want to see the shift to higher quality jobs in the manufacturing and construction and i think we're going to see that as well. we're seeing construction come back, not as rapidly as we would like. and i think construction will do better th

bmx is an indicator of consumers' outlook on the economy living conditions and future spending. with a reading above one hundred meeting optimists outnumber pessimists. the central bank said the figure could dip next month because of the ferry disaster. it's right next to check on stories making headlines in the gold ring to it that the team at crisis in ukraine to her rising concerns of cyber attacks in the us let's go live to our polity at the new center table first let's start with the ukraine the united states and russia in the last in a war of words over the crisis in ukraine in appearance. washington has launched the latest volley of allegations. that's right daniel the us secretary of state john kerry has said in no uncertain terms that moscow is behind the escalating conflict in ukraine. in a press briefing on thursday carry accuse russia of stoking the very instability that it says it wants to extinguish. kerry said instead of upholding its end of a deal reached in geneva last week. russia has taken steps distract deceived and destabilize a region by funding according t

the believer stable outlook springs resort to bank lloyds bank and so steep it and i were downgraded from stable to negative. now my picks up the sun a cross licensing agreement on customs in accordance with the agreement that will pay royalties to watch her suffer from eczema promotes the sport and enjoy. like herself in turn will provide to look back and protection aside from this according to representative of my piece of demos licensing intellectual property rights over the xbox console. so you'll still another one of its office buildings in tokyo a visit to the reports the company agreed in the sale price of sixty eight million dollars previously the ex headquarters of the corporation were sold for one hundred and fifty six million dollars ice cream market. boy am of the kazakhstan ice cream market in twenty twelve amounted to forty million readers. the market's growth dynamics is positive. three to four percent for year in real terms. my girl monitor estimation per capita consumption of ice cream and presents than a month to two point three to two point four liter is free here

how did you that translate into a budget outlook? what you see on this slide is an end of fund balance. so, the end of the year, fiscal year fund balance, how much do we have in our bank account after we've completed a fiscal year. we see that tract in the black line for the fiscal year ending 10-13 and beyond, that ten-year outlook at that time, prior to facing these new challenges i just described. when you put the new challenges in with the new capital needs, the new operating costs from transmission distribution, the new regulatory requirements, you find us on the blue line that dives down below zero pretty rapidly over the 10-year horizon. that's the budget outlook problem that we need to focus on solving. and here's some of the options that we are siam am ~ siam sigh mull thaictionviously pursuing. we talked about the fact we'll issue debt in order to fund some of those long-lived capital improvements. we're looking at reducing costs. we talked about negotiating with pg&e to the extent we can on some of those operational costs.

french financial banking group pmp paradise and hsbc bank the believer stable outlook greens for which a bank lloyds bank in specific and i were downgraded from stable to negative. companies don't like this up it's on a cross licensing agreement on customs in accordance with a cream and double pay royalties to microsoft products and promotes the sport and enjoy life or something through provides a look back and protection aside from this according to representative of microsoft dell is licensing intellectual property rights over the xbox console. sony will sell another one of its office buildings in tokyo a visit to the reports the company agreed in the sale price of sixty eight million dollars previously bank's headquarters of the corporation were sold for one hundred and fifty six million years dollars. ice cream market. boy aim of the cars some ice cream market in twenty twelve amounted to forty million readers. markets growth in an explosive three to four percent for you in real terms buy your own monitor estimation per capita consumption of ice cream in kazakhstan a month to two p

cos it was russia's can send it to the bleak outlook.t's unclear if the debt will ever be critical as this weekend tasted it and it will no longer pay for any russian gas. what was going to plant mexican cement is that ukraine might stop siphoning gas from the pipes run to the eu summit has allegedly helped me fold it in chief of business bureau told us he believes kiev is to blame for men and achieve more in eastern europe. she's visiting guests the hole for decades the meaning even in the cold war. when we really were ahead of its citizens in the she's higher than its seats in europe. what's changed is is the greatest in the way in the rain is causing these problems because the city the pain that goes inside vs billy goat service departments the north and another one's coming to the south. indeed i would actually be five pounds but the whole political situations. maybe it's the boxes being blamed the study and it's all worth it uses the form of economics at the time to get this blog of jesus but it is located to the disposal problems r

's christine lagarde has a rosy outlook for the global economy. have we turned the corner on a recession? the most important meal of the day is getting pricier. all that bacon. the 1990's tv stars, like after the sitcom. we kick it off with what everybody is talking about, stephen cole berta taking over "the late show" when letterman retires. >> this is a five-year deal between colber and cbs. no specifics on when he takes over for letterman. letterman's final shows will be in 2015. 2005, "thes debut in rt" has been a huge success for comedy central. he will show that to be himself. letterman is very excited about this replacement. s,cording to les moonve letterman told him "i cannot think anybody else." seems like everyone is showing colbert love. >> stephen colbert is up for the challenge. there is no greater joy than seeing a genuinely good man who works as hard as he can, every day, and deserves all the success in the world. for stephen we are thrilled. >> another person likely to assume a new role, sylvia burwell. president obama nominated he

the outlook is looking toward agenda.h lower, expected to fall off which is quite a low recently. manufacturing is in jeopardy. they are quite cautious. thepessimistic about outlook for the next three months and possibly further into the year. >> i do not think it is an april fools' day joke when i read, i asked one of the pieces that japanese consumers have been stocking up on is a rolexes to toilet rolss. what defects are we seeing from this increase in sales taxes? were some increase in spending before the sales tax in the last couple of months. not as high as what everybody is expecting. which is showing the demand for lawful not be as much. to get thebig cues commuters. -- which is showing the demand is not slowing down as much. big a shockeen as as everybody was expecting. japanese companies are quite conservative and they are quite cautious about what will happen in the next couple of months. it does not seem to be a surprising of a change as people were expecting. n, what areto tanke people expecting? >> investmen

you change the product outlook. outlook's the product product outlook. things have come and gone.manage during this type of -- this kind of time? >> part of our transformation, like you said, we structured the sales force, created new products, new offering, redistributed our channel for our team partners. it is a lot of heavy lifting for the company to lead in the future. there's a lot of diversity buried a lot of change. you have to stay pertinent. and you have to have leadership where you do business. you have to be able to balance that. >> what about mobile? >> mobile is a new dispersed authority for where information is being consumed. you hear about trends like, bring your own devices to work. you bring it in, hey, can you get this working for corporate information, for my e-mail? we do a lot of that byod concept. through a sealed program that apps, whetherin you have mobile distribution and mobile consumption by your employees -- all of this bring services and solutions that symantec can uniquely bring to market. coohat was symantec's stephen gillett. now it is time for the

what is the near term outlook he wants. the near term what he wants to do is disrupt the election that ukraine is going to try to hold on may 25th to elect a president. putin also wants to make it more difficult to ukraine to sign the stand by agreement with the imf that would help their very dire financial situation. over the longer term discourage europe from signing a trade deal associated with the association agreement that would begin the process of moving ukraine towards europe. i think that putin has accepted he's not going to win ukrainian hearts and minds any time to get ukrainians to join his idea of a reconstituted russian empire. he wants to keep that country off balance, unstable, to keep i want as a neutral buffer zone between russia and the european union. >> kelly, i think jackie is right on the money talking about natural gas as the place to look when we talk about this crisis. i know for different reasons places like saudi arabia are concerned about the turn to natural gas potentially and what that would d

the question is to what extent does the incoming data affect the medium term inflation outlook.hat's where there was unclarity at our last meeting. that's why we thought it would be useful to wait until new data points arrive to see whether or medium term inflation outlook is affected. >> you're telling us that the next data point will be the inflation data for next -- for the last month then? >> you know, i think it's not that easy. there are always numerous factors that enter our assessment. the next inflation data is certainly important but what matters is to what extent this data affects our medium term inflation outlook. >> so the message is watch out for the april inflation data. the ecb is expecting that this inflation data will pick up and that the reading will be well above the march reading of 0.5%. that is because some seasonal effects which have been the case in march will not be there in april. but if that is not the case, if we don't see a picking up of the inflation trend in april, there might actually really be room for the ecb to move further, whether it will be

so that viewpoint it's true. >> you also upgraded the outlook. you said the credit line would be beneficial though it doesn't necessarily have a rating implications. does that give you comfort, too? >> it's another factor to take into account. and what we have been doing is that we have been speaking to all relevant stake holders, observing the market, looking at the size of our cash and considering the different options, the costs and benefits associated so that we can have the best possible, informed decision. we'll announce that before the exit. >> why has portugal succeeded with the program where reforms are concerned, other countries like france, for example, even italy to some extent have failed? >> in our case, the reforms were discussed and the trigger to have the reforms implemented was the program. we found ourselves in a situation where we had to control it. we had the benefit also of having an environment and population that understood the needs to consolidate, the need to push for reforms even if there were difficult moments as there

the seven-day outlook shows two to four degrees cooler tomorrow, temperatures are rebounding wednesday into thursday with increasing clouds and friday is the coolest day with what could be a significant soaker and that will clear out and bring us a normal saturday and sunday now trending more dry. not so warp as we what we lived influence but it will be dry, so get ready tonight and through tomorrow morning and back on wednesday. >>> that defeats the whole purpose of ice cream but there are unusual new ice cream flavors. the company is launching two vegetable flavors, tom hate to and cherry and carrot orange, launched in japan, first, next month. so far, there are no plans to try the flavors in the united states and i know you are heartbroken. >> still ahead a colorful celebration at the white house, thousands of people who turned out for an after easter >> at 4:00, a treasure built in a san francisco troubled neighborhood. >>> and violence during a newscast showing an earthquake warning system in action and california could take tips from mexico. >> thousands of children including a f

some changes to the outlook of the economy going forward, but for the moment isn't it sweet spot where they have made it are ato the market they lot thin. meantime, they are going to 10 you -- they're going to continue to wait for data to come in. they have made it clear that it will take a couple of months to get a cleaner read on what is going on in the economy. meantime, they are not being forced to have any greater ratesy on when they raise in the future. i think they are probably pretty happy with how the market has responded. there was no reaction today, which i'm sure is what they were hoping for, and they put in a lot of effort after the last fomc meeting to talk down the ratings. long-term rates and short-term rates are back to where they were before the march fomc, which i think are the rates they care about the most. even if the rates are more limited love the curve. at what point will they change interest-rate policies? >> it looks like it will be some late 2015, possibly even 2016. the fed at this point still to itsn very tightly notion that it wants to see employment gain

. >> so one presentation we have today is the water supply outlook and we're going to present that. >> thank you steve ritchie assistant general manager for water on the water supply outlook this is a report we've been giving at each commission meeting for the last several meetings ever since we got into the drought situation we're in and can we get the slides up, please? our total storage and reservoirs -- we've been holding our own there. that number is up from where it was earlier this year in march we had average precipitation for the month at hetch hetchy and so we've had a steadily increasing supply of precipitation and we routine ly provide this table for everyone's benefit as to our exact storage volumes in all of our different reservoirs and hetch hetchy is 63 percent of maximum storage we're able to keep more in hetch hetchy partly due to the use of our water bank which we'll talk about in a little bit. back in january we were below the orange line the orange line represented 1977 water year which was just about the dryist year on record and even with no more precipitation w

so says the imf in its world update outlook. for the first time in years, we're seeing geeio political taking center stage. crisis in ukraine and egypt are sending crisis in and for more on what the imf does, we have this report from mary snow. >> you need to go back to world war ii to get a sense of how the international monetary fund came about. after enduring war and the great depression of the 1930's. here was a call to create an international monetary system before the war's end and create a way to re-establish world trade. the us and britain led the way. this historical footage shows the delegates who travelled to bretton woods, new hampshire in 1944. it was here that the imf was designed. t officially started two years after those meetings. >> they needed a stable system and that stable system would be based on a link between the us dollar and the price of gold and that other countries could link their currencies to the us dollar so that we could have a stable financial system >> but the us broke with that system in 1971,

in the near term the imf's latest world economic outlook is fairly benign about the near term risks. let alone, the future it projects, is slower than the 20 or 30 year average. and it seems to me quite self evident that an improved and more cooperative and coherent approach to economic policy informational no formulation now has the possibility of producing faster growth in the near term than using up the self evident wide capacities that still playing most of our economies. the imf has a role. the creation of the principal institutional response to the great global financial cries i christist o crisisfor 2008-2009, effective cooperation but has muttied -- muddied the waters a bit who's in charge of what, who's supposed to do what, and the g-20 itself being a partial although representing important economies only part of the imf membership and doesn't have a decision role that is useful for a consensus, we need to find the authorities of the world need to find a mode us open ren di modus operandi and the economic policy focus that will produce better results in the very near term. >

how that ending balance in the city account changes year to year is the budget outlook. given we are expected to change the current year with money less and last year, that reduces that use of starting balance available for the budget by approximately $16 million. that's the bad revenue and we have seen a revenue growth over the last 3 years, and continue to be very strong. we expect $79 million in prop tax this year. we did not experience property tax losses. and the city and number of people applying for appeals has declined and again relatively stable level of taxing for redevelopment agency. hotel taxes have been a leading driver of our economic activity in recent years. again we expect to see continued growth, well over 5 percent in the earlier projection, high occupancy and room rate will drive that up. lastly the business taxes the $31 million expected next year that's really being driven by private employment growth, wage and the adoption of prop e last year will fuel business registration fees population up in the current year. by about $28.5 million and continu

so here's your monday outlook here. severe thunderstorms there. even in parts of northern portions of florida. you can see these storms move in. but it's not just that severe weather threat which is with this cold front pushing through. you have all that warm air ahead of it. we'll get to that in a second. but also the low is moving farther off toward the north and that's going to bring widespread rainfall, even snow into parts of quebec extending towards new england, as this storm system does continue to push off. the big thing, like i said, though, is that warm air pushing in ahead of this. you are going to be seeing gradual warming trend across the deep south over towards the eastern seaboard. behind it cooler air in place. winnipeg just a high of 6. you have that temperature difference, that's creating those severe thunderstorms. take a look at los angeles, as well. 30 degrees there for your high on your monday. talking about these temperature differences. it's not just north america that's dealing with it, and dealing with severe weather that

despite the outlook, the airlines went up a fraction. >>> and get ready for google glass at the office, google announced the wearable technology in the work place, they are creating software so the enterprises can fill out a form on line to be considered for a pair of glasses or multiple pairs. shares of google rose to $57.51. >>> and wall street seeing how changes in consumer tastes and buying habits impact the revenues at some of the names in consumer products be p >> wall street says the economy is gaining steam. tell that to the companies that make food, beverages and household products, the latest tracking data from nielsen shows everything from cereal to canned soup posted a three in sales, others are ditching other foods for healthier options, the unusually cold winter didn't help keeping americans inside and pressuring sales further. but analysts say that it is flat wages that are the big problem for these companies. >> the concern is continuing, the consumer is struggling, the weather in the first quarter made things a little more difficult. we think it is going to be tough sl

this is happening group in the economic outlook is positive as the problem is that it states that have been reading the official bird of the state of issues all structural report in the little boy. it produces the fiscal policy in twenty two seconds which was carried out by the police response to the crisis to prove the long term outlook is pretty good experts say. according to readers like to suffer complete the purchase of nokia mobile phone businesses to seven billion dollars the british government plans to concentrate its business to local call services the university of michigan consumer sentiment index was repeated with the tv with a portly the battle for them to life as seen through the courts the index of consumer sentiment is an indicator of design to mention the three of all confidence in the us economy the final figures are no different than the forecast it was so expected growth rate of eighty three points the right eye. and. and. to the i spent ages geographical location of the falls developing region this is where water for the world's gdp. but what if both of which is so

and debt management our outlook he was involved and we think that the real gdp growth will be between six point five seven point five percent one percent range. both this year twenty fourteen and also in twenty fifty. due to the two big determinants of course are the effect of this. probably the slowdown in credit creation critique of the shadow banking system what effect that will have on critically on investment in the economy. the second is the external demand of all external demand. the couple exports remain relatively weak if that's the case that was super pressure on growth when you don't grow between the six point nine to seven point nine percent as its economy slows the last seven years and still uses the large scale each month it's hard to say definitively but i think growth rate below seven percent is probably still manageable. and again this is under the current policy where were the government doesn't move in any way to stimulate growth. perhaps similar to what the state council announced last week these mentors to help investment particularly rare on and off duty would ex