Japan’s government slashed its economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-largest economy.
China's growth slowed to its weakest pace in almost three decades in the second quarter, with the US-China trade war and weakening global demand weighing on the world's number-two economy, official data showed Monday.
One swallow doesn’t make a summer, so the old saying goes. For the warm middle months of the year, the British economy looked remarkably frosty, chilled by fears over a no-deal Brexit, until the Office for National Statistics (ONS) reported a surprisingly strong month for growth in May.
Japan’s economy grew slightly faster than initially estimated in the first quarter, thanks to stronger capital spending, but analysts say global trade tensions remain a drag on growth and raise risks to the outlook for the export-reliant nation.
French households ramped up savings in the first quarter as incomes rose following government measures to boost purchasing power, official data showed on Wednesday, confirming the economy maintained a steady growth rate in the period.
Japan’s industrial output fell in January-March at the fastest pace in almost five years, suggesting the economy may post a mild contraction in the first quarter as manufacturers struggle with the US-Sino trade war.
South Korea collected 377.9 trillion won ($332.6 billion) in local and central government taxes last year, official data showed on Sunday, with the tax-to-gross domestic product (GDP) ratio rising sharply as more corporate taxes were collected on companies' stronger earnings.
China’s first-quarter economy growth likely cooled to the weakest pace in at least 27 years, a Reuters poll showed, but a flurry of measures to boost domestic demand may have put a floor under slowing activity in March.
China’s stimulus-boosted private sector is on track to lead the economy to a ‘self-sustained recovery’ that could see growth hit 6.6 percent this year, according to HSBC (Hongkong and Shanghai Banking Corporation).
China plans to set a lower economic growth target of 6-6.5 percent in 2019 compared with last year’s target of ‘around’ 6.5 percent, policy sources told Reuters, as Beijing gears up to cope with higher US tariffs and weakening domestic demand.