Laurent Lamothe Prime Minister of Haiti told Deborah Ball at the World Economic Forum that the country has recovered much of its strength after the devastating earthquake, with most of the population resettled and the economy attracting new investors. Photo: Getty Images
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UC Berkeley Professor Laura Tyson at the World Economic Forum in Davos, Switzerland says the economic outlook for the U.S. is looking up. But it still may take years to claw back all the jobs needed to get back to pre-crisis levels. Photo: Getty Images
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Japan’s Prime Minister Shinzo Abe published an editorial last night on the World Economic Forum stating that he sees Japan on the precipice of strong wage gains after more than a decade of stagnation. The PM feels strongly about this positive development in Japan after recent meetings with government business and labor leaders. Moreover he feels that the 5-trillion-yen fiscal-stimulus plan should far outweigh the negative effects of the planned sales-tax increases in Japan. Also overnight we heard comments from IMF Managing Director Christine Lagarde. She stated that the Fund intends to upgrade its outlook for global economic growth in the next 3 weeks.
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