Vietnamese Congress, Fed Meeting, Technical Reports, Davos is online

Vietnamese Congress, Fed Meeting, Technical Reports, Davos is online

This week brings two big gatherings with the Davos World Economic Forum online all week long, while Hanoi hosts the Vietnamese Communist Party’s National Congress. The Federal Reserve holds its first meeting of 2021 and the United States releases its first reading of fourth quarter gross domestic product. Unemployment figures for the UK and Germany are alongside key GDP figures for Europe and Asia, while the latest quarterly earnings reports are expected to show tech giants Apple, Facebook and Microsoft ending 2020 on a high note.

Virtual Davos

The annual gathering of the World Economic Forum, which is typically held every January in the Swiss ski resort of Davos, is going live this year due to the pandemic.

Klaus Schwab, the founder of the Geneva-based organization, called for “more resilient, more inclusive and more sustainable” economic growth as Covid weighs on the global economy.

European Central Bank President Christine Lagarde, Bank of England Governor Andrew Bailey and IMF Managing Director Kristalina Georgieva will be among the financial speakers who will join global and business leaders on topics ranging from equitable economic and social systems to digitization and the climate crisis.

Events run through Friday and the face-to-face meeting is scheduled for Singapore in May.

Vietnamese Communist Party Congress

Vietnam’s ruling Communist Party begins its five-year national congress in Hanoi on Monday, where it will select the leaders who will lead one of Asia’s fastest growing economies through the coronavirus pandemic, trade tensions with states -United and worsening political friction with China.

After closed-door deliberations at the party’s political bureau and central committee, 1,600 party delegates will approve a new roster of leaders, including the next general secretary of the Communist Party of Vietnam – the country’s supreme political position – as well as for them. roles of Prime Minister, President and President of the National Assembly.

The event, which runs through February 2, is also likely to highlight internal party divisions and regional differences between Vietnam’s politically supreme north and the more business-friendly south.

WHO report

The World Health Organization will release a report on Monday that says advanced economies face a severe blow to their economic recovery from the coronavirus pandemic unless they help developing countries speed up their immunization programs.

If vaccine deployment in developing countries continues on its current trajectory, advanced economies face production losses of up to $ 2.4 billion – 3.5% of their annual gross domestic product before the pandemic – due to disruptions in world trade and supply chains, the study will say.

Somewhere else . . .

  • The new CDU chief, Armin Laschet, holds a news conference after CDU leaders meeting in Berlin on Monday

  • Estonian parliament is set to confirm Kaja Kallas, of the center-right reformist party, as the country’s next prime minister on Monday

  • India celebrates its Republic Day on Tuesday with a grand parade showcasing its military might and national culture.

  • Ceremonies to be held around the world to honor International Holocaust Remembrance Day on Wednesday

Income Reports

Some of the tech big hitters are in action this week. Apple announces on Wednesday that it should reveal demand for its new 5G iPhone, MacBooks and AirPods helped it break through the $ 100 billion sales mark.

Facebook is likely to report an increase in commercial use of its digital advertising tools during the holiday season, as Microsoft is …

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