Daily Management Review
Economics

Recession Fears Is A Growing Concern: Goldman Sachs

The trade war between the two largest economies in the world may find a trade deal by 2020. Goldman Sachs Group Inc expressed its fear of recession approaching in under the shadows of “the U.S.-China trade war” as the concern seems to be growing, although the investment bank is expecting that both...

Eurozone economy slows down in Q2

Eurozone GDP growth in the second quarter of 2019 was only 0.2%, doubling twice as compared to January-March, shows data from Eurostat. The EU economy as a whole grew by the same 0.2% against 0.5% in the previous quarter. In annual terms, growth slowed to 1.1% in the eurozone and 1.3% in the EU...

Experts: German economy is on the verge of recession

Even zero growth in German exports is a success in the current crisis state of the world economy, experts say. Some say that Germany is on the verge between recession and stagnation. Exports of goods from Germany in June 2019 fell by 8 percent compared with June last year, according to the Federal...

Reuters Poll Of Economists Claim US Nudged Closer To A Recession Due To Trade War

According to a majority of economists polled by Reuters, the United States has been brought forward to the next recession because of the recent escalation in the US-China trade war. The economists said they now expect that the US Federal Reserve would cut rates in September and another sometime...

Trump Says US Not Ready For A Trade Pact With China, Markets Hurt

United States President Donald Trump is not yet ready to get into a trade agreement with China, he said on Friday, and even questioned the justification of a September round of trade talks. Those comments spooked the financial markets that now fear that a the trade way between the two largest...

Chinese exports grow thanks to temporary demand

Despite the effect of US duties, the volume of exports from China in July increased by 3.3% compared to the same period last year (against a decline of 1.3% in June), to $ 221.5 billion, according to the Ministry of Commerce of China. Month-to-month deliveries abroad in July grew by 2.3% (not...

Hints Of US-China Trade War Being Dragged On Given By Trump

Following the latest escalation in the trade war between the United States and China with the announcement of Trump of imposing a fresh round of tariffs on Chinese goods and China alleging letting its currency fall freely to cushion the impact of the trade war, the biggest possible hint so far that...

Cyber Attacks Used By North Korea To Steal $2bn For Weapons: Reports

Cyber attacks had been used by North Korea to steal $2 billion to fund its weapons program, claimed reports citing a leaked report of the United Nations.   The report claimed that the banks and crypto-currency exchanges were targeted by official hackers from Pyongyang for collecting money....

Tesla Could Rise Price Of Its EV In The Chinese Market This September: Reports

Even while the United States and China get in a war of words related to the devaluation of the Chinese currency yuan with Washington officially identifying Beijing as a currency manipulator, US electric vehicles manufacturer Tesla Inc is reportedly contemplating increasing the price of its cars in...

Eurozone Recession Fears Arise Out Of Shoddy German Economic Numbers

There was a more than expected fall in the June numbers for German industrial output primarily because of some significant fall in car-making and metal production. This has raised concerns among some that it could be signaling an impending Eurozone recession.   This drop in the June numbers...
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