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How China virus outbreak threatens the global economy

Alexandra Stevenson, The New York Times
Posted at Jan 24 12:08 PM

On the minds of many in China and around the world right now: Could this new virus cause the same kind of damage as the SARS epidemic, which killed 800 people in 2003? Read more »

US, China set to sign vital trade truce

Heather Scott, Agence France-Presse
Posted at Jan 15 12:38 PM

Although tariffs on hundreds of billions of dollars of two-way trade will remain in place, likely at least until after President Donald Trump faces reelection in November, some of the uncertainty will go away. Read more »

Climate crisis to reshape finance: BlackRock CEO

Andrew Ross Sorkin, The New York Times
Posted at Jan 15 08:41 AM

BlackRock is the world’s largest asset manager with nearly $7 trillion in investments, and this move will fundamentally shift its investing policy — and could reshape how corporate America does business and put pressure on other large money managers to follow suit. Read more »

The big shortcoming: A grumpy 2020 for global growth

Aurélia End, Agence France-Presse
Posted at Dec 26 02:17 PM

The Organisation for Economic Cooperation and Development said last month that activity had been hobbled by weaker trade and investment in the past two years, as US President Donald Trump pursued a trade war with China. Read more »

Massive debt wave could crash on developing countries, World Bank warns

Heather Scott, Agence France-Presse
Posted at Dec 20 09:08 AM

The World Bank and International Monetary Fund have been sounding the warning about growing global debt for years, but the latest report is even more stark and turned up the volume on its calls for governments to take steps to prevent a debt crisis. Read more »

OPEC seen to extend output cuts as global growth slows

Benoît Pelegrin, Agence France-Presse
Posted at Dec 03 10:17 AM

The cuts of 1.2 million barrels per day from October 2018 levels were originally fixed in December last year and were already extended at OPEC's last meeting in June. Read more »

IMF warns global outlook 'precarious,' no room for policy mistakes

Heather Scott, Agence France-Presse
Posted at Oct 15 10:31 PM

The world economy is slowing to its weakest pace since the global financial crisis, as the US-China trade war undercuts business confidence and investment, the IMF said Tuesday. Read more »

US trio wins Nobel Economics Prize for work on poverty

Johannes Ledel, Agence France-Presse
Posted at Oct 15 09:24 AM

A trio of Americans on Monday won the Nobel Economics Prize for their work in the fight against poverty, including Esther Duflo, the youngest-ever economics laureate and only the second woman to win the prize. Read more »

US, China tariffs could lower global GDP by 0.8 percent in 2020: IMF

Andrea Shalal, Reuters
Posted at Sep 13 09:09 AM

IMF spokesman Gerry Rice said trade tensions were beginning to affect a world economy already facing challenges including a weakening of manufacturing activity not seen since the global financial crisis of 2007-2008. Read more »

Gold, Treasuries rise as recession, trade fears rattle investors

Herbert Lash and Rodrigo Campos, Reuters
Posted at Aug 28 08:25 AM

The US yield curve inversion deepened to levels not seen since 2007 and gold futures rose as recession concerns gripped investors. Silver touched a two-year high. Read more »

Inverted what? Searches for obscure financial term spike on Google

Noel Randewich, Reuters
Posted at Aug 22 09:42 AM

Following a tweet from US President Donald Trump referencing the "CRAZY INVERTED YIELD CURVE!", the term made its way onto news websites and radio and television reports that rarely delve into financial topics. Read more »

Water pollution can reduce economic growth by a third: World Bank

Agence France-Presse
Posted at Aug 21 08:01 AM

The report relied on what the Bank said was the biggest-ever database assembled on global water quality using monitoring stations, satellite data and machine learning models. Read more »

Factory pain spreads through Asia, Europe; stimulus expected

Jonathan Cable and Marius Zaharia, Reuters
Posted at Aug 01 09:38 PM

Factory activity contracted across Asia and Europe in July, fuelling worries a prolonged US-China trade war and an economic slowdown could tilt the world towards recession, which central banks would have to fight with depleted ammunition. Read more »

IMF downgrades world growth, warns of 'precarious' 2020

Heather Scott, Agence France-Presse
Posted at Jul 24 07:36 AM

Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday.   Read more »

Philippine economy has 'safety valve' vs US-China trade war effects: Pernia

ABS-CBN News
Updated as of Jun 28 12:13 PM

Philippine exports benefit from the trade row, as the country supplies goods to both China and the US, socioeconomic planning secretary Ernesto Pernia told ANC. Read more »

Trump trade war worsens slowdown in global economy: analysts

Jeanna Smialek, Jim Tankersley and Jack Ewing, The New York Times
Posted at Jun 19 08:27 AM

Recent softening in Europe, Australia and other parts of the world coincides with Trump’s intensified trade fight with China and other partners. Economists warn that further escalation by Trump — like tariffs on more Chinese goods or levies on foreign autos — could slow global growth to a crawl. Read more »

US firms fret as China's FedEx probe, planned hit-list heightens trade frictions

Brenda Goh, Reuters
Posted at Jun 04 06:39 PM

The deterioration in trade talks between the US and China has ratcheted up concerns among US firms that the dispute could affect business in the long-term. Read more »

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 »