Experts at Bank of America Merrill Lynch expect in 2019 a slowdown in global GDP growth to 3.6% from 3.8% this year. According to them, this could lead to a reduction in energy demand and lower oil prices. However, they do not expect a significant drop in oil prices. Experts believe that the average price of Brent will be at $70 per barrel, and WTI - at $59 per barrel. The bank’s forecast for the next year supposes a decline in the S&P 500 stock index and an increase in inflation in the United States. Tensions associated with Brexit and disagreements with Italy will remain in the European economy. Experts expect further cuts in Germany and Japan. They also predict a new round of the US-Chinese trade war, since, in their opinion, a truce of commerce will not bring the desired results.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...