China reported a raft of unexpectedly weak July data on Wednesday, including a slump in industrial output to more than 17-year lows, pointing to further slowing in the economy as the US trade war takes a heavier toll on businesses and consumers.
The British economy shrank in the second quarter of the year for the first time in six and a half years largely because Brexit uncertainties weighed heavily on business investment, official figures showed on Friday.
Iranian President’s Chief of Staff Mahmoud Vaezi and Turkish President Recep Tayyip Erdogan held talks on a range of issues, including ways to boost bilateral trade between the two neighboring countries.
Mexico’s economy likely did not grow in the second quarter, weighed down by a slump in industrial production, declining investment and a weakening of the vast services sector, according to a Reuters survey published on Friday.
Germany's economy is quickly declining despite the belief of Angela Merkel's team there is no crisis striking her country as the German manufacturing sector continues to contract with no signs of recovery, economic expert Shweta Singh warned.