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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 »

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 »