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
The children’s commissioner for England has said the risks faced by deprived young people are ‘the biggest social justice challenge of our time’, after publishing research that suggests one in six minors live in families affected by parental addiction, mental illness or domestic violence.
Bangladesh plans to allocate more land for camps housing Rohingya refugees as concerns grow over a possible outbreak of disease in crowded, makeshift settlements clustered at the country’s southern tip.
The European Food Safety Authority will re-examine its warning on health risks stemming from palm and other vegetable oils, a spokeswoman at the European body said in light of a recent study expressing less concern than EFSA.
By Martin Wolf*
What is going to happen to the world economy this year? Much the most plausible answer is that it is going to grow. As I argued in a column published at this time last year, the most astonishing fact about the world economy is that it has grown in every year since the early 1950s. In 2017, it is virtually certain to grow again, possibly faster than in 2016, as (head of fulcrum Asset Management) Gavyn Davies has argued persuasively. So what might go wrong?