News

OECD cuts global growth forecast as US-China tensions rise

Agence France-Presse
Posted at May 21 06:31 PM

The OECD on Tuesday cut its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the China-US trade war threatens to crimp global growth. Read more »

China, US start latest trade talks after 'nice' working dinner

Tom Daly, Reuters
Posted at May 01 10:19 AM

Beijing and Washington have cited progress on issues including intellectual property and forced technology transfer to help end a conflict marked by tit-for-tat tariffs that have cost both sides billions of dollars, disrupted supply chains and roiled financial markets. Read more »

Global tightening cycle over, slower ride for growth ahead: poll

Shrutee Sarkar, Reuters
Posted at Apr 29 05:46 PM

One striking conclusion from the latest surveys of over 500 economists from around the world, covering more than 40 economies, was not just a toning down of the economic outlook, but a clear shift away from long-held optimistic views. Read more »

Millennials hurt most by middle class squeeze: report

Agence France-Presse
Posted at Apr 11 04:17 PM

The OECD found that with each successive generation fewer and fewer are making it into the middle class, which is defined as having between 75 and 200 percent of the median national income. Read more »

'Precarious' global rebound expected in late 2019: IMF's Lagarde

Douglas Gillison, Agence France-Presse
Posted at Apr 03 08:22 AM

IMF chief Christine Lagarde said the world economy was vulnerable to shocks from Brexit, high debt levels and trade tensions, as well as unease on financial markets. Read more »

Growth fears pressure world's stock markets

Agence France-Presse
Posted at Mar 26 06:48 AM

World stock markets were pressured Monday, with Asia taking the heaviest hit, as investors worried about signs of a sharp global economic slowdown.   Read more »

ING Bank: Global economic slowdown possible

ABS-CBN News
Posted at Feb 12 11:00 PM

The world economy in 2019 will be complicated and a little bit messy. Read more »

Japan's 10-day holiday stirs concern in traders and investors

Hideyuki Sano and Tomo Uetake, Reuters
Posted at Jan 30 07:49 AM

Japan usually has a string of public holidays from late April to early May, the so-called the "Golden Week." But this year, with Crown Prince Naruhito's being crowned the new emperor on May 1, the government made the entire period from April 27 to May 6 a market holiday. Read more »

'Get a grip on Brexit', businesses tell UK's quarreling politicians

Guy Faulconbridge, Reuters
Posted at Jan 28 09:18 AM

With less than 9 weeks until the United Kingdom is due by law to leave the European Union on March 29, there is no agreement yet in London on how and even whether to leave the world's biggest trading bloc. Read more »

IMF fears trade war and weak Europe could trigger sharp global slowdown

Leika Kihara and Silvia Aloisi, Reuters
Posted at Jan 21 10:57 PM

In its second downgrade in three months, the global lender also cited a bigger-than-expected slowdown in China's economy and a possible "No Deal" Brexit as risks to its outlook, saying these could worsen market turbulence in financial markets. Read more »

ANALYSIS: Global economy is headed for recession

John Kemp, Reuters
Posted at Jan 17 10:33 AM

Global growth is slowing and the world economy is headed for a recession in 2019 unless something happens to give it renewed momentum. Read more »

Ivanka Trump to help US choose candidate for World Bank

Agence France-Presse
Posted at Jan 15 08:15 AM

London's The Financial Times reported on Friday that both Ivanka Trump and Washington's former United Nations ambassador Nikki Haley were among possible US candidates to replace Kim. Read more »

China's exports shrink most in 2 years, raising risks to global economy

Yawen Chen and Martin Quin Pollard, Reuters
Updated as of Jan 14 03:51 PM

Adding to policymakers' worries, data on Monday also showed China posted its biggest trade surplus with the United States on record in 2018, which could prompt President Donald Trump to turn up the heat on Beijing in their bitter trade dispute. Read more »

Why the yen's surge is a red flag for world markets

Saikat Chatterjee and Karin Strohecker, Reuters
Posted at Jan 04 03:43 PM

Historically, outsized yen gains in short periods, such as the Russian default in 1998 and the global market meltdown in 2008, are a harbinger of stress for global markets. Market watchers say the yen's latest ascent is a sign that the global economy is set for a rocky ride ahead. Read more »

PH economy to improve in 2019, elections pose risk: The Economist

ABS-CBN News
Updated as of Jan 03 10:29 AM

The peso will stabilize against the dollar and there will be "some slowdown" in inflation even as the headline growth rate will slow compared to 2018, said Anwita Basu, a senior economist at The Economist Intelligence Unit. Read more »

Emerging nations will take longer to outpace developed economies: study

Helen Reid
Updated as of Dec 26 08:25 AM

In the race to outpace developed economies, emerging countries such as China, India, and Brazil suffered a setback this year and will outgrow them later than previously expected, the Centre for Economics and Business Research said. Read more »

China calls for open world economy but work remains on landmark trade pact

John Geddie and Manuel Mogato, Reuters
Posted at Nov 13 06:51 AM

China will further open its economy in the face of rising protectionism, Premier Li Keqiang said as he arrived in Singapore on Monday for meetings with Asia-Pacific leaders that will focus on speeding up work on a major new trade pact. Read more »

Investors gloomiest on world growth in decade, cut US equity holdings-BAML poll

Helen Reid, Reuters
Posted at Oct 16 10:18 PM

Global investors have the most pessimistic outlook on the world economy since the 2008 financial crisis, according to Bank of America Merrill Lynch's monthly survey, which also showed a sharp fall in US equity allocations.   Read more »

Who runs the (economic) world? It might soon be women

Lucie Godeau and Peter Brieger, Agence France-Presse
Posted at Oct 12 04:34 PM

As the International Monetary Fund and World Bank meet this week in Bali, Lagarde no longer cuts quite the same lone figure she once did, now flanked by growing numbers of female finance ministers and economists. Read more »

IMF cuts global growth forecast as risks rise

Heather Scott, Agence France-Presse
Posted at Oct 09 11:11 AM

The revised estimates includes a worsening outlook for developing economies this year and next compared to the July report, as well as downgrades for the US and China in 2019. Read more »