With the occasion of the Global Economy Week, G-7 leaders and Fed Officials will comment on the global economy situation
Leaders of the seven leading industrialized countries will start debating in Japan on hot topics such as the global geopolitical risks and the growth of the world-wide economy.
Talks about trade, currency rates, situation of the manufacturers and durable business investment are also on the agenda of the summit.
This week’s Fed officials conferences will also address the purchasing managers indexes for France, Germany and the Eurozone, with a survey forecasting the Eurozone’s composite PMI slightly rising to 53.2.
During the meetings this week, Federal Reserve Chairwoman Janet Yellen is expected to discuss her views on the economy, monetary rate increase and overall financial policy.
Also, on Friday, a detailed analysis of the U.S.’s first-quarter gross domestic product will help asses whether or not the business sector was affected by the economic slowdown in the period. Meanwhile, economists forecast a 1% increase of the country’s GDP in the near future.
The 2016 G7 Leaders Summit in Japan is set for May 26-27.