January 19, 2023
United States:
JPMorgan’s Dimon Says US Shouldn’t ‘Play Games’ on Debt Ceiling
Jamie Dimon said the government shouldn’t play games with the debt ceiling, amid a standoff among Republicans and Democrats as the clock ticks on the borrowing cap.
“We should never question the creditworthiness of the US government. That is sacrosanct and it should never happen,” the JPMorgan Chase & Co. chief executive officer said Thursday in an interview on CNBC. “This is not something we should be playing games with at all.”
Europe:
Poland Weighs Return to Samurai Bonds in 2023 After Decade Away
Poland is considering a return to the Japanese debt market this year after a decade-long break in a bid to diversify its funding.
Finance Minister Magdalena Rzeczkowska told Bloomberg TV in Davos that Poland is bulking up its presence in international debt markets, having offered bonds in euros and dollars last year. Poland boosted spending on refugees from Ukraine, energy subsidies and the military at a time local yields are surging, increasing the role of foreign debt.
Asia:
What to Watch for After India’s Population Overtakes China
As India overtakes China as the world’s most-populous nation, an array of demographic issues such as birth rates and labor markets are emerging as key themes to watch out for in the two Asian powerhouses.
India, with its predominantly young population, is on course to being the fastest-growing major economy in the coming years, while an aging China is expected to see slower growth after years of rapid expansion.
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