Momentum in German exports slowed in the first half of 2019 and abruptly reversed in June, data showed on Friday, adding to signs of broad-based weakness in an economy increasingly relying on domestic demand to eke out even meager growth.
Euro zone economic sentiment continued to worsen as expected in July on less optimistic industry, services, retail trade and construction and inflation expectations among companies as consumers decreased as well, data showed on Tuesday.
Tanzania’s economic growth slowed to 6.6 percent year-on-year in the first quarter of 2019 from 7.5 percent in the same period a year earlier, official data showed on Sunday, weighed down by softer construction, agriculture and manufacturing activity.
A global economic growth rut risks deepening, despite expectations that major central banks will cut rates or ease policy further, according to Reuters polls of over 500 economists who remain worried about the US-China trade war.
Japan stands ready to take all possible steps flexibly and without hesitation when downside risks to the economy emerge, Prime Minister Abe Shinzo said, as a simmering Sino-US trade war clouds the outlook for the export-reliant economy.
Mexico’s moderate Finance Minister Carlos Urzua resigned on Tuesday with a letter that shocked markets by citing ‘extremism’ in economic policy, before President Andres Manuel Lopez Obrador quickly named a well-regarded deputy minister to replace him.
The government raised its assessment of the economy for May on Friday, saying downside trends are coming to a halt, helped by upbeat industrial production, though an uncertain outlook for the global economy remains due to the US-China trade dispute.
A new report published in an Iranian economic website shows that the number of vacant properties across the country has topped 2.6 million as authorities mull taxes on empty houses in a bid to curb exorbitant prices in the housing market.