(Bloomberg) — Even with a record stimulus package, Japan’s economy is heading toward a record contraction of 25% this quarter following Prime Minister Shinzo Abe’s declaration of a state of emergency in Tokyo, Osaka and some other parts of the country, according to Goldman Sachs.The call to stay at
— Read on ca.finance.yahoo.com/news/japan-economy-emergency-set-shrink-011844469.html
Tag: Economy
Canadian banks predict largest contraction since 1960s – BNN Bloomberg
Canadian banks predict largest contraction since 1960s – BNN Bloomberg
— Read on www.bnnbloomberg.ca/canadian-banks-predict-largest-contraction-since-1960s-1.1410941
Virus pushes global economy toward first contraction since 2009 – BNN Bloomberg
Virus pushes global economy toward first contraction since 2009 – BNN Bloomberg
— Read on www.bnnbloomberg.ca/virus-pushes-global-economy-toward-first-contraction-since-2009-1.1398547
China’s Economy Slows for 7th Month, Early Indicators Show – Bloomberg
The earliest-available indicators of China’s economic performance point to a continued slowdown in November.
— Read on www.bloomberg.com/news/articles/2019-11-26/china-s-economy-slows-for-seventh-month-early-indicators-show
Italy’s Rising Reputation With Investors May Get Ratings Boost
(Bloomberg) — S&P Global Ratings is set to issue its first major statement on Italy’s finances since the country’s fledgling coalition government took power, in what could provide a further boon to its sovereign debt.Italian bonds are the best performers in the euro area this year, with a 13% return
— Read on ca.finance.yahoo.com/news/italy-rising-reputation-investors-may-040000294.html
Powell Waves Off Recession Fear While Leaving Rate Cuts on Table
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Federal Reserve Chairman Jerome Powell pushed back against perceptions that the U.S. economy was tilting into a recession, while leaving the door open to further interest-rate cuts to keep
— Read on ca.finance.yahoo.com/news/powell-waves-off-recession-fear-090000127.html
Powell: Fed’s lower rates are helping the economy stay in good place
Federal Reserve Chairman Jerome Powell says the central bank’s pivot this year to lower interest rates has helped sustain U.S. economic growth.
— Read on www.cnbc.com/2019/09/06/powell-says-feds-lower-rates-are-helping-to-keep-the-economy-in-a-good-place.html
German Industrial Recession Worsens as Trade Uncertainty Bites
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. German industrial production unexpectedly declined further in July as trade tensions and waning business confidence continued to weigh on global demand.Output fell 0.6% from June, missing
— Read on ca.finance.yahoo.com/news/german-industry-output-extends-decline-060847798.html
UK economy unexpectedly shrinks:: Morning Brief
Top news and what to watch in the markets on Friday, August 9, 2019.
— Read on ca.finance.yahoo.com/news/uk-economy-unexpectedly-shrinks-morning-brief-101342810.html
UK economy shrinks for first time since 2012 as Brexit bites
LONDON — The British economy shrank in the second quarter for the first time in six and a half years as Brexit uncertainties weighed on business investment and firms reduced their stockpiling of goods after Britain was granted an extension to its departure from the European Union, official figures showed
— Read on ca.finance.yahoo.com/news/uk-economy-shrinks-0-2-083840928.html