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.
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.
Concern is growing over the effect Japan's recent imposition of targeted export curbs will have on the South Korean economy, with some analysts forecasting they will drag the GDP growth rate below two percent.
India Prime Minister Narendra Modi’s government unveiled the budget for 2019/2020 on Friday, seeking to reverse weakening growth and investment that threaten to take the shine off a recent landslide election victory.
Thailand’s central bank is expected to keep its benchmark policy rate steady on Wednesday for a fourth straight meeting, a Reuters poll showed, despite slowing growth and the way many Asian central banks have shifted toward easing policy.
European Central Bank policymakers are open to cutting the ECB’s policy rate again if economic growth weakens in the remainder of the year and a strong euro hurts a bloc already bearing the brunt of a global trade war, two sources said.
Finance chiefs of the Group of 20 major economies meeting in the Japanese city of Fukuoka debated Saturday over how to revise tax systems to ensure big companies pay their fair share and support economies as global growth slows.
Britain’s economy is likely to see slow growth through the middle of this year before picking up towards the end of 2019, Bank of England (BoE) Deputy Governor Dave Ramsden said in an interview published on Saturday.
British house price growth cooled unexpectedly in May to its slowest rate in three months, mortgage lender Nationwide said on Friday, countering other signs the housing market may be past the worst of its pre-Brexit slowdown.
The German economy returned to growth in the first quarter as householders spent more freely and construction activity picked up, but the government cautioned that the outlook remained clouded by trade disputes.