IMF says U.S.-China trade war is a drag on global economy
Wednesday, 16 October 2019 The International Monetary Fund said global economic growth this year will be the weakest pace since the 2008 financial crisis as the U.S-China trade war and Brexit weigh on the world’s economies. “Higher tariffs and prolonged uncertainty surrounding trade policy have dented investment and demand for capital goods,” said IMF Chief Economist Gita Gopinath.
U.S. stocks are falling sharply Friday as the fallout from the trade war between the U.S. and China weighs on the world's two largest economies. The Dow is falling triple digits while the Nasdaq is down more than 1% Friday. The Chinese economy grew at a 6% rate in the third quarter, its slowest rate...
On the floor of the New York Stock Exchange, Jim Cramer tells TheStreet's Katherine Ross that President Donald J. Trump and Elizabeth Warren, the Democratic candidate whose run for president promises..
Japan's economy ground to a near standstill in the third quarter with growth at its weakest in a year as the U.S.-China trade war and soft global demand knocked... Reuters India Also reported by •Reuters