Next week: US GDP, G7 meeting, UK parliament
Even as Federal Reserve chairwoman Janet Yellen said she expects the US economy to strengthen, investors expect first-quarter growth to be revised down when the latest data are published next week.
Brazil unveils R$69.9bn spending freeze
Brazil will freeze R$69.9bn ($22.6bn) in discretionary expenditures – administrative and investment costs - in its proposed budget for this year in a step towards rebalancing the government's sinking finances.
The forum's 45th annual meeting at Davos, in the Swiss Alps, had at the heart of its agenda a theme entitled ‘The New Global Context’ - as delegates discussed the effects of political, economic and social uncertainty on future policy making