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Tag Archives: Economy

Christine Lagarde on the world economy: We are all together – 60 minutes

With the global economy threatened by recession, the man is a woman for the job. Since 2011, Christine Lagarde has been the head of the trillion dollar International Monetary Fund for Emergencies. Before that, she was the French Minister of Finance during the Great Recession. In November, as the President of the European Central Bank, she will embark on a …

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Trump on the way to a slight 2020 victory if the economy keeps up

President Donald Trump is expected to re-run next year under three different economic models. If nothing unusual happens, the presidential election victory could easily surpass 2016. The Democrats Hillary Clinton scored between 304 and 227. Moody's based his predictions on how consumers assess their own financial situation, what gains the stock market made during Trump's term, and what prospects for …

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Global trade is deteriorating rapidly and burdening the global economy

LONDON – As President Trump intensifies his trade war with China, and factories in major industrial nations slow down, world trade is deteriorating rapidly. This is a dangerous development that threatens the global economy with a pronounced downturn. Global recession persists Even if growth slows down, it's unlikely, economists say. However, the risks are clearly increasing and threatening to spread …

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Saudi Arabia MBS: War with Iran would collapse the world economy | news

In an interview broadcast on Sunday, the Saudi Crown Prince warned that a military confrontation with Iran would bring the world economy to failure, adding that he would prefer a political and peaceful solution to a military one. Crown Prince Mohammed bin Salman informed the US CBS program 60 Minutes that crude oil prices could rise to "unimaginably high numbers" …

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Trump visits the Ohio plant with the Australian Prime Minister and promotes the economy

President Trump visited Ohio, a key state for his 2020 re-election strategy, and Australian Prime Minister Scott Morrison stepped onto the stage in a recycling paper factory on Sunday evening to highlight the US investment partnership with the country. Trump and Morrison visited the new factory in Wapakoneta, which is opened by Anthony Pratt, an Australian businessman who spends billions …

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The oil shock hits a global economy that is already on shaky ground

China's economic data is bleak. Germany is facing a recession and there is still the possibility that Britain will break out without an agreement to protect trade from the European Union. Now the world is struggling with the worst oil shock in years. It is another problem at a time when the pain threshold of the world economy is decreasing. …

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China's economy is getting worse. That makes a trade deal more likely

China's economic slowdown is getting worse. This could give the country an incentive to re-establish its trade relations with the United States and take further steps to boost the economy. © STR / AFP / Getty Images On September 4, 2019, workers at a factory in Nantong, Jiangsu Province, China, produce desks for export to the US, France, Germany, and …

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The rise in oil prices must worsen before the economy is ruined

Energy prices rose on Monday after some startling developments in the Middle East, but it's likely to take a little longer for them to affect the economy. West Texas Intermediate crude temporarily rose more than 11% to over $ 60 a barrel after the drone strike on Saudi oil holdings, but the jump was held in check by the meeting, …

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China's economy hurts everywhere as Beijing seeks trade agreements with the US

PEKING – China's economic activity continued to cool in August, testing Beijing's tolerance for slower growth to ease trade tensions with the US Retail data suggest weak demand and low confidence among businesses and consumers. Economists had expected economic activity to recover somewhat from July, when it fell to its lowest level in more than a decade. The value added …

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"Very difficult" for China's economy to grow 6% or faster: Premier Li By Reuters

© Reuters. FILE PHOTO – CSCEC Steel Meishan Manufacturing Facility Works SHANGHAI (Reuters) – Chinese Premier Li Keqiang said it is "very difficult" for China's economy to grow at a rate of 6% or more due to high growth reach starting point and complicated international background. The world's second-largest economy faced "some downward pressure," due to slowing global growth and …

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