While economists in a recent Bloomberg survey expected consumer sentiment to dip slightly, from 59.4 in March to 59 in April, the University of Michigan found that sentiment actually increased, to 65.7.
New IMF estimate suggests the proposed 15% minimum tax would result in governments worldwide collecting a total of about 5.7% more from corporates—or roughly $150 billion.
"When you have to use a brute-force tool, sometimes there's some collateral damage. ... We're trying to do this in a way that there's not much of it, but we can't tailor policy."
Many companies do not understand the scope of their interest rate, currency, and commodity price risks. That knowledge gap has the potential to blow up corporate planning processes.
