Eurozone Economy Falls Further Behind U.S.

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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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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NEW DELHI: India has been ranked as the 58th most competitive economy on the World Economic Forum’s global competitiveness index for 2018, which was topped by the US. India’s rank rose by five places from 2017, the largest gain among G20 economies, the WEF said. On the list of 140 economies, the US is followed
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US Vice-President Mike Pence’s ferocious anti-China speech was the latest salvo in what The New York Times has called a “new cold war”. It followed a recent US-Mexico-Canada Agreement (USMCA) with a “poison pill” clause that forbids parallel agreements with “non-market economies” (read China). Similar clauses are expected in future US agreements with Japan and
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NEW DELHI: The Working Group tasked to develop a roadmap towards achieving a 5 trillion dollar economy by 2025 has prepared its report and it is being circulated to the stakeholders for further suggestions. The Working Group was constituted by the Department of Industrial Policy and Promotion in the Ministry of Commerce and Industry with
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Storm clouds were building over the global economy, even before the brutal sell off in stock markets during the last 24 hours. Escalating oil prices, rising interest rates, an appreciating dollar, and growing uncertainty about the outlook for international trade are proving a poisonous cocktail for global growth and have been triggered crises in the
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India’s economy continues on a robust growth path, the Asia Development Bank (ADB) has said in an of its flagship annual economic publication, the Asian Development Outlook (ADO) 2018. Indian growth forecast remained unchanged at 7.3 per cent for 2018, and 7.6 per cent for 2019, as the temporary effects of demonetisation and introduction of
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