America’s days as pace-setter for the world economy may be coming to an end. With the International Monetary Fund releasing new forecasts, a rising number of economists are predicting that the US’s momentum will fall behind that of the rest of the world as global growth bottoms out and looks set to slowly pick up in 2020.
The governor of the Central Bank of Iran (CBI) has warned the households against engaging in fresh round of speculative trade of foreign currencies, saying a slight weakening of Iran’s rial was nothing to worry about.
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.
Turkey’s lira weakened more than 2 percent on Thursday, giving up some of the hefty gains it made after the central bank raised interest rates by 300 basis points on Wednesday in an emergency move to prop up the tumbling currency.
Poverty remains a widespread problem. In the UK, 30 percent of children are growing up in poverty. More than half of these children are in working households, and poverty is on the rise even for children whose parents work in government-funded jobs.
Jazziel Baca lives in the municipality of Esquías, in western Honduras, one of the areas hardest hit by the southern pine beetle (Dendroctonus frontalis), which damaged almost 500,000 hectares of forest in that Central American country between 2013 and 2015.