Brazil’s government is likely to cut its 2.4 percent growth forecast for the economy in 2020 to take into account the impact of the coronavirus in slowing global activity, a person familiar with the matter said.
Iran’s gross domestic product (GDP), excluding the oil sector, is expected to register a positive growth rate of 1.8 percent in the current Iranian year (to end March 19), the Majlis Research Center said in a report on Iran’s economy.
The International Monetary Fund cut its 2019 economic growth forecast for Japan for a third time this year amid heightened risks from the global slowdown and called on the government not to tighten its spending stance for now.
Vietnam's gross domestic product (GDP) expansion is projected to decelerate from 7.1 percent in 2018 to 6.6 percent in 2019, due to slower export growth and weaker agricultural production growth, according to the World Bank's latest report in economies in East Asia.
Australia's economy has slowed to its most sluggish pace since 2009, when the GFC slammed the brakes on GDP growth, but the weak headline result may not stop the government announcing a budget surplus a year earlier than planned.
GDP figures for the second quarter showed the UK economy going into reverse as some of the stock building that took place in the first quarter unwound and investment continued to fall. Exports also fell back, though this was offset by an even sharper drop in imports.
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.