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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.....»»

Category: blogSource: zerohedgeApr 14th, 2020

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.....»»

Category: topSource: businessinsiderMar 26th, 2020

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.....»»

Category: topSource: businessinsiderMar 5th, 2020

IMF slashes key growth forecast and warns against "a more adverse scenario for the global economy" as coronavirus spreads

AP Photo/Lee Jin-.....»»

Category: topSource: businessinsiderMar 4th, 2020

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......»»

Category: topSource: reutersFeb 20th, 2020

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.....»»

Category: topSource: businessinsiderJan 2nd, 2020

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......»»

Category: topSource: reutersNov 26th, 2019

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......»»

Category: topSource: reutersOct 18th, 2019

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......»»

Category: videoSource: reutersSep 19th, 2019

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......»»

Category: videoSource: reutersSep 10th, 2019

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......»»

Category: topSource: marketwatchSep 3rd, 2019

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......»»

Category: videoSource: reutersApr 18th, 2019

Italy slashes 2019 GDP forecast to 0.1% from 1%, reports say

Italy cut its 2019 growth forecast .....»»

Category: topSource: marketwatchApr 9th, 2019

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,.....»»

Category: blogSource: zerohedgeApr 4th, 2019

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......»»

Category: topSource: reutersApr 2nd, 2019

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......»»

Category: topSource: reutersApr 2nd, 2019

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......»»

Category: topSource: reutersMar 14th, 2019

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......»»

Category: topSource: reutersMar 12th, 2019

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......»»

Category: topSource: reutersMar 11th, 2019

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.....»»

Category: topSource: businessinsiderApr 29th, 2018