Economists Cut China GDP Estimates as Trade War Trumps Stimulus

Forecasters reduced estimates for Chinese economic growth over the coming quarters as recent government measures to counter an escalating trade war with the U.S. were seen as inadequate. Gross domestic product will probably increase by 6.4 percent on a year-over-year basis in the final quarter of 2018 before growth decelerates to 6.3 percent in the
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The eurozone economy slowed sharply this summer, posting the weakest quarter in five years, as the region begins to suffer from a slowdown in China and turmoil in Italy takes a toll. Tuesday’s figures also suggest that the outlook for the bloc remains uncertain. With China’s economy slowing, the global economy seems set to cool
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Soured credit, cybercrime and Brexit are among the biggest risks facing euro zone banks in 2019, the European Central Bank said on Tuesday, as it set out its supervisory priorities for the year ahead. The euro zone’s growth has reduced overall economic uncertainty, but global risk factors from protectionism to a hard Brexit and emerging-market
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Three times a week, hundreds of Chinese investors arrive at Athens airport to be greeted by Greek real estate agents who drive them straight into the city to view apartments for sale. The visitors are drawn to Greece by rock-bottom property prices and one of Europe’s most generous “golden visa” schemes, offering a renewable five-year
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China’s economic growth continued to slow in October, a period in which the trade conflict with the U.S. has intensified and policy makers have stepped up support for businesses. That’s the signal from a Bloomberg Economics gauge aggregating the earliest-available indicators on business conditions and market sentiment. The government effort to stabilize the mood among
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What if that was as good as it gets? The Commerce Department reported Friday that U.S. gross domestic product expanded at a 3.5% annual rate in the third quarter. Coming off a 4.2% growth rate in the second quarter, it marked one of the best six-month stretches for the U.S. economy in the past decade.
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WASHINGTON: Strong consumer and Government spending powered economic growth in the third quarter, although a warning sign about the outlook emerged in the form of weak business investment. Gross domestic product — the value of all goods and services produced in the U.S. — grew at a seasonally and inflation-adjusted annual rate of 3.5% from
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Viewing every equity rupture as a sign of economic apocalypse would’ve lost you money in 2015 and 2016. Traders coping with the worst year for Asian stocks in seven see no reason that won’t be true again. It’s probably too late to bail anyway, with equities down 20 percent since January. But from Hong Kong
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Strong consumer and government spending powered economic growth in the third quarter, although a warning sign about the outlook emerged in the form of weak business investment. Gross domestic product — the value of all goods and services produced in the U.S. — grew at a seasonally and inflation-adjusted annual rate of 3.5% from July
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The European Central Bank kept policy unchanged as expected on Thursday, staying on course to claw back unprecedented stimulus even as the growth outlook continues to darken and political turmoil in Italy looms large over the currency bloc. Having exhausted much of its firepower with years of support, the ECB reaffirmed that its 2.6 trillion
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