China’s economic growth is sputtering. The official forecast of six percent to 6.5 percent is the slowest on record, and the 6.2 percent growth actually reported in the second quarter is the weakest since the government began releasing quarterly data in 1992.
Australia may be destined for another two years of sub-par economic growth as debt-laden households keep their wallets shut tight, though analysts are hopeful lower interest rates and tax handouts would help it dodge a recession.
Britain’s economy grew by more than expected in May, helped by a rebound in car production after Brexit-related shutdowns, according to figures that will ease concerns about the extent of the country’s slowdown.
Britain’s economy appears to have contracted in the second quarter of 2019 after the dominant services industry barely grew in June against a backdrop of worries about Brexit and the world economy, a closely watched survey showed.
Kang Dong-wan, the head of an electronic goods supplier for South Korea’s biggest global brands, said it feels like Asia’s fourth-largest economy is in a recession as business conditions have deteriorated further after a tough 2018.
Australia's record-breaking economic run isn't about to end because of a ban on plastic bags — as one lobby group spuriously claimed — but consumers are buying less, offering a cautionary tale for the rest of the world.
As the Indian economy is struggling with a sluggish growth rate of 5.8 percent for the January-March quarter of financial year 2018-19 coupled with 45-year high unemployment rate of over six percent, lagging exports, distressed farm sector, etc, the challenges before the Narendra Modi-led government, is to bring the nation back on a growth path.
Federal Reserve Board Chairman Jerome Powell said Tuesday the outlook for the US economy has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess its next move on interest rates.