Daily Management Review
Economics

McKinsey: G7 countries are widening income gap

Global inequality is narrowing as emerging economies are catching up with wealthy nations. However, the gap in developed economies continues to widen, says McKinsey Global Institute study for the August G7 summit in Biarritz. At the same time, economic growth alone is not capable of ensuring...

Trump Had To ‘Take China On’ Despite US Economy Being Impacted In The Short Term

There was no path out for United States president Donald Trump but to take on China over trade even if that would mean some hit to the American economy in the short term since the US was being cheated upon by China doe decades, Trump has said.     The comments from Trump were followed...

Trump Brushes Aside Fears Of A US Recession

While stressing "most economists" are not of the opinion that there can be a recession for the United States amidst persistent and growing concerns of a continued slowdown, president Donald Trump said that he is "prepared for everything".   "We are doing tremendously well," Trump said while...

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...
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