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The World Trade Organization predicts a more significant slowdown in the growth of world trade in 2019. According to its experts, the volume of trade will show a minimal growth rate this year, having risen by 2.6%, and not by the previously expected 3.7%. The deterioration of the forecast is due to persistent trade disputes, as well as uncertainty in the global economy. At the end of last year, world trade grew by 3% after increasing by 4.6% in 2017. At the same time, the WTO expects that in 2020 its growth will accelerate to 3%, since economic growth in developing countries may increase if trade disputes are resolved. The WTO forecast also implies a growth of the global economy in 2019 and 2020 by 2.6% annually.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
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 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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