Germany’s current account surplus remained the world’s largest last year despite trade tensions, the Ifo economic institute said on Monday, in an estimate likely to renew criticism of Chancellor Angela Merkel’s fiscal policies.
Chinese capital city Beijing cut smog levels in its metropolitan area by more than 17 percent in 2019 after five years of an anti-pollution campaign, data from its environmental authority showed on Friday.
Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting fears of recession in the city-state.
Many Wall Street workers will see their pay stay flat or decline this year, as big banks and money managers continue to cut costs, according to a report on Tuesday by compensation consultancy Johnson Associates.
China’s Industry Ministry said on Tuesday that ‘arduous efforts’ will be needed to achieve this year’s industrial output growth target, as trade protectionism weighs on exports and clouds the outlook for the world’s second-largest economy.
The German government is set to halve its 2019 growth forecast for Europe’s biggest economy, a government source told Reuters on Friday, reflecting a worsening slowdown linked to a recession in the manufacturing sector.