Bloomberg Surveillance Bloomberg Surveillance TV: August 28th, 2025
21 snips
Aug 28, 2025 Gita Gopinath, Deputy Managing Director at the IMF, shares her insights on global economic shifts and the IMF's role during crises. Stuart Kaiser, Head of US Equity Trading at Citi, analyzes the S&P outlook, particularly around Nvidia's earnings, suggesting potential market reactions. Nela Richardson, Chief Economist at ADP, offers a deep dive into jobless claims and the evolving US labor market, addressing the influence of AI and consumer spending on employment. Together, they unpack the complexities shaping today's economy.
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Global Order Is Rapidly Changing
- Gita Gopinath says the global economic order is transforming due to pandemic, war and de-globalisation.
- She flags AI as huge promise with equally huge risks shaping that transformation.
IMF Funding And Member Support
- Gopinath explains the IMF's funding doesn't rely on any single country's budgetary support.
- She says broad member support keeps the IMF viable despite geopolitical shifts.
Dollar Diversification Is Marginal
- Gopinath observes modest diversification away from the dollar, but not a dramatic shift yet.
- She cautions it's too early to declare a structural break in dollar behaviour.