Japan’s economy shrank at the fastest pace in almost six years in the December quarter as last year’s sales tax hike hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks.
Italy’s economic outlook is growing dimmer, adding pressure on the government to deliver on its tricky promise of an expansionary budget while setting aside billions to avoid a planned increase in sales-tax.
South Korea's economy is increasingly facing downside risks amid the trade tussle between the United States and China, the country's chief economic policymaker said on Friday, stressing the need to take quick and bold actions to buttress the economy.
Mario Draghi will only just manage to raise interest rates before his terms ends in October 2019 amid continued risks from US tariffs and Italian politics, according to a Bloomberg survey of economists.
Analysts: Oil could reach $200 if Iran shuts down Strait of Hormuz