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Oil Tumbles After IMF Slashes Global Growth Forecast
Oil Tumbles After IMF Slashes Global Growth Forecast As if oil prices needed any more help on their downward spiral towards the teens, The IMF just slas.....»»
JPMorgan slashes its GDP forecast for next quarter — now sees a 25% contraction and imminent recession despite "Herculean" stimulus measures
Tayfun Coskun/Anadolu Agency/Getty Images JPMorgan lowered its first-half US GDP forecast Wednesday after projecting a deep recession just one week earlier. First-quarter growth will slip to -10% from its previous -4% estimate, the tea.....»»
Another global authority slashes its growth forecast to near-standstill levels, as experts brace for the worst economy since the financial crisis
GLYN KIRK/AFP/Getty Images The coronavirus outbreak.....»»
IMF slashes key growth forecast and warns against "a more adverse scenario for the global economy" as coronavirus spreads
AP Photo/Lee Jin-.....»»
BAE Systems predicts 2020 growth despite Saudi ban
Britain's BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia......»»
The UK economy "limped" into the new decade as Britain heads towards Brexit
BEN STANSALL/POOL/AFP via Getty Images The UK economy 'limped' into the new decade after growth slowed down in the final three mont.....»»
Abercrombie & Fitch trims forecast as Hollister, international business drag
Teen apparel retailer Abercrombie & Fitch Co trimmed its annual sales growth forecast on Tuesday, blaming political issues ranging from Brexit to Hong Kong protests for keeping customers away from its stores outside the United States......»»
Dollar weakens on Brexit, shares sapped by weaker China growth
The dollar headed for its worst week in almost four months on Friday, pummeled by sterling and euro rallies driven by a deal on Britain's departure from the European Union, while China's weakest growth in nearly three decades weighed on equities......»»
Britain: BOE, OECD warn on hard Brexit
The OECD says Britain will suffer a two per cent hit to growth if leaves the EU without a deal. And the Bank of England - leaving rates on hold on Thursday - warned of "entrenched uncertainty". David Pollard reports......»»
UK pay growth hits 4% for first time since 2008
Britain's workers received their biggest pay rises in more than 11 years this summer, even as the country's political crisis over Brexit deepened. David Pollard reports......»»
Metals Stocks: Gold prices driven higher amid Brexit, China-U.S. trade uncertainties
Gold futures climb Tuesday, driven higher by trade-related tensions, global growth concerns and the threat of the market being roiled by a disorderly exit by Britain from out of the European Union......»»
Global economy: UK shoppers defy Brexit gloom, but trade blues hit Germany, Japan
Weak manufacturing surveys from Asia and Europe stoked fears of a widespread slowdown in growth on Thursday. But, as David Pollard reports, Brexit appears to be doing little to dampen Britain's appetite for shopping......»»
Italy slashes 2019 GDP forecast to 0.1% from 1%, reports say
Italy cut its 2019 growth forecast .....»»
Italian Stocks Slide As Italy Slashes 2019 Growth Forecast
Less than a day after Germany's leading economic institutes cut its growth outlook for the already struggling German economy,.....»»
Trade slowed in fourth quarter, WTO says; auto tariffs, Brexit are 2019 risks
World trade shrank by 0.3 percent in the fourth quarter of 2018 and is likely to grow by 2.6 percent this year, slower than 3.0 percent growth in 2018 and below a previous forecast of 3.7 percent, the World Trade Organization said on Tuesday......»»
Trade slowed in fourth-quarter, WTO says; auto tariffs, Brexit are 2019 risks
World trade shrank by 0.3 percent in the fourth quarter of 2018 and is likely to grow by 2.6 percent this year, slower than 3.0 percent growth in 2018 and below a previous forecast of 3.7 percent, the World Trade Organization said on Tuesday......»»
Stock futures dip as trade uncertainty, growth worries weigh
U.S. stock index futures edged lower on Thursday as early optimism after Britain's parliament voted to reject a disorderly Brexit was offset by uncertainty over U.S.-China trade talks and weak data out of China......»»
IATA cuts annual air cargo traffic growth forecast citing trade frictions, Brexit
The International Air Transport Association (IATA) on Tuesday nearly halved its annual forecast for traffic growth in the air cargo market to 2 percent citing trade frictions, Brexit and anti-globalization rhetoric......»»
Auto woes drive dip in German industrial output as Brexit nears
Plunging car output drove an unexpected drop in production of German goods in January and an industry body cut its 2019 growth forecast, adding to signs that trade tensions and unease about Brexit are weighing on Europe's largest economy......»»
The closer Britain gets to Brexit, the closer it gets to recession
REUTERS/Russell Boyce UK GDP growth was just 0.1% in Q1, and Britain is just 11 months away from Brexit. The housing market is crashing, and Brits are feeling poorer. They've slowed down their consumer spending too. Sud.....»»