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Experts at Julius Baer expect that in 2018 global GDP will grow by 3.8%, and in 2019 economic growth will slow to 3.6%. A slowdown in GDP growth will also be observed in the United States - from 2.9% this year to 2.8% next year and in the eurozone from 2.1% to 1.7%. The Chinese economy will also slow down its growth from 6.5% in 2018 to 6.2% in 2019. Experts note that the United States maintains the leading position in economic growth indicators, and point to a decline in eurozone indicators. At the same time, there is an active slowdown in developing countries. Julius Baer predicts that the Federal Reserve will continue to raise the key rate to 3.5% per annum by the end of the year. They also expect tightening of credit conditions by the European Central Bank and the Bank of England in 2019. In their opinion, the ECB will raise the rate to 0.25% per annum, the Bank of England - to 1% per annum.
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 ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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