Category: World Economy News

China Is Reevaluating Economic Ties In 65 Foreign Countries

Officials in Beijing worry about high project costs and capital flight along their pan-Eurasian Belt and Road. When 3,000 Chinese legislators kick off their major annual meeting next week, a bulk of the attention will go to the country’s fabled economic expansion. Much of that expansion over the past five years has broken past Chinese […]

India’s Central Bank Could Turn More Hawkish as Growth Quickens

India’s central bank may become more vigilant on inflation as economic growth strengthens, increasing the risk of monetary tightening. The government raised its growth forecast for the year through March 2018 to 6.6 percent on Wednesday from 6.5 percent in January. The economy expanded 7.2 percent last quarter from a year earlier, beating the 7 […]

Fed’s Dudley Says Trade Protectionism Is a ‘Dead End’

Federal Reserve Bank of New York President William Dudley warned that any move to erect new trade barriers in a bid to spur domestic growth is a “dead end” for those countries that try them. “While the gains from a liberalized trade regime are not guaranteed, the alternative of trying to achieve a high standard […]

Powell Aims for Soft Landing That Eluded Seasoned Fed Chiefs

If you think some of the aerial tricks snowboarders did during the Winter Olympics were spectacular, check out what Federal Reserve Chairman Jerome Powell is trying to do: pull off an unparalleled soft landing of a U.S. economy with a rock-bottom unemployment rate. Powell, who delivers his second round of semi-annual testimony to Congress on […]

China’s Debt Pain Will Spur Long-Run GDP Gain, Morgan Stanley Says

The unprecedented deleveraging that’s rippling through China’s economy likely spells moderation for economic growth, consumption and investment, Morgan Stanley says. But short-term pain will spur long-term economic gain, and risk of a big growth correction will be low, chief China economist Robin Xing said in a note Thursday. “Growth quality will improve,” Hong Kong-based Xing […]

Euro zone unemployment drops to lowest level since Dec 2008

Euro zone unemployment fell to its lowest level in more than nine years in January thanks to strong economic growth, official estimates showed on Thursday, although large differences in jobless rates remained among the 19 countries of the single currency bloc. The European Union’s statistics office Eurostat said the unemployment rate in the euro zone […]

U.K. House Prices Fell in February as Market Softened Further

U.K. house prices declined in February as Brexit and a weaker economic outlook reinforced a slowdown in the property market. Values slipped 0.3 percent from January, Nationwide Building Society said on Thursday. The annual pace of gains fell to 2.2 percent from 3.2 percent, well below the rate of recent years. The softening in the […]