echo ''; Clamorworld » In everyday life every one of us comes across various experiences, incidents which we either don’t share with anyone or share with family members and friends. Print media, electronic media and various medium shows the news, but its ends up showing one sided of the story. We never come to know the other side of story. With so much happening every day, every second across our neighborhood, society, and world it’s difficult for the news media to cover all the news. Many times we have felt wish we could share our voice, opinion, thoughts with the world. Many a times we have felt the frustration, anger and helplessness for not being able to do anything about an incident. Have you ever felt, for a good cause, you need support, but don’t know how to garner the support and attention. So, now you have an option “www.Clamorworld.com“. This is a platform to share everything you want to. A website 100% runs by the people for the people. The world is waiting to listen to your voice, the voice which has kept you suppressed so far. If you do not want to share the incident, event personally, please send it to us at contact@clamorworld.com, and we will share it on your behalf and assure to keep your name confidential. Let’s make this world a peaceful and a happy place to live. » Raghuram Rajan Warns Of ‘Policy Uncertainty’ For World Economy

Raghuram Rajan Warns Of ‘Policy Uncertainty’ For World Economy

 

Former RBI governor Raghuram Rajan on Thursday warned of “policy uncertainty” for the world economy due to there being a “bunch of new leaders” who need to prove they are strong, even as he exuded confidence about all large economies doing well.

Without specifically mentioning India, Dr Rajan, who is among the few to have predicted the 2008 global financial crisis, said, “This is the first time in a long while we have seen all the big engines firing at the same time including the large emerging markets … We have seen trade picking up.

“We are seeing early signs of investment intentions. Of course there are always clouds. There are clouds this time also,” he said.

In an interview to CNBC, the Chicago Booth School professor and the outspoken economist also said the “good news is some of the fears about the (Trump) administration that it would move immediately to a more protectionist stance haven’t played out”.

“There have been noises but of course the strong action that some people feared against Mexico, against China hasn’t really materialised. That’s the good news,” he said while referring to Donald Trump administration in the US.

Talking about the possible risks before the world economy, Dr Rajan who served as RBI governor for three years, said, “There is lot of policy uncertainty right now because of the work the (US) administration is going to do and how much it can achieve.

“But also there is geo-political risk. We have a bunch of strong leaders around the world who are already well entrenched in their strength.

“We have a bunch of new leaders who need to prove themselves that they are strong. And in that kind of environment, who has room to back off if in fact there is a confrontation. We have many areas of confrontation.”

Dr Rajan further said as the US monetary policy normalises, “we will see more stress” on heavily indebted entities.

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