Global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook uncertain, a top International Monetary Fund official said on Monday.
Combined stimulus from the world’s biggest central banks is likely to top $1.2 trillion this year, the highest amount since 2017, but it may well disappoint stock markets.
China’s economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity.
SINGAPORE’S trade-dependent economy clocked its worst export showing since the global financial crisis, as non-oil domestic exports (NODX) fell by 9.2 per cent year on year in 2019.
Countertop maker Clio Holdings, created from the roll up of a number of smaller players, is closing its doors after failing to integrate its businesses and suffering from both the Trump administration’s tariffs imposed during the U.S.-China trade war and by separate, more recent duties on imported Chinese quartz.
President Donald Trump’s campaign plans to blanket Iowa with representatives and events ahead of the state’s Feb. 3 caucuses, hoping to use the first-in-the-nation primary to show evidence of his strength in rural America, sources tell Reuters.
It was more than a year ago when St. Louis Federal Reserve bank President James Bullard started raising the alarm about a U.S. bond market where interest rates seemed to show investors losing faith in the economy, a risky environment for the Fed to carry out planned rate increases.
A revival in the Canadian economy may already be underway.
Supreme Leader Ayatollah Ali Khamenei said in a Friday prayers sermon that Iran’s missile strikes on U.S. targets in Iraq showed it had divine support in delivering a “slap on the face” to a world power.
World’s second-largest economy grew 6.1% in 2019 as trade wars and domestic pressures took toll