The US government’s international finance development agency is in talks with India to include the South Asian country in a partnership that Washington has formed with its allies in the region to counter China’s “Belt and Road Initiative”. After signing agreements with the overseas finance...
World Economy News
U.S. Second Quarter GDP Unrevised at 4.2%
The U.S. economy expanded at a strong pace in the second quarter, with growth expected to pull back slightly this quarter but still continue its solid run. Gross domestic product, a broad measure of the goods and services produced across the U.S., rose at a 4.2% seasonally and inflation-adjusted...
https://www.hellenicshippingnews.com/u-s-second-quarter-gdp-unrevised-at-4-2/
Cyprus finally gets back into ECB stimulus scheme
The European Central Bank has started buying Cypriot bonds once again, it said on Thursday, including the country in its stimulus programme for the first time since its exit from a painful bailout programme in 2016. The ECB said it would try to slowly make up for its missed purchases in the coming...
https://www.hellenicshippingnews.com/cyprus-finally-gets-back-into-ecb-stimulus-scheme/
ECB sees trade conflict slowing global growth
Global growth is expected to slow in the near term and the risk of an expanding trade conflict among major power could weigh on sentiment further, the European Central Bank said in regular economic bulletin on Thursday. “In the near term, global economic momentum is expected to moderate,” the ECB...
https://www.hellenicshippingnews.com/ecb-sees-trade-conflict-slowing-global-growth/
WTO downgrades outlook for global trade as risks accumulate
Trade will continue to expand but at a more moderate pace than previously forecast. The WTO anticipates growth in merchandise trade volume of 3.9% in 2018, with trade expansion slowing further to 3.7% in 2019. The new forecast for 2018 is below the WTO’s 12 April estimate of 4.4% but falls within...
https://www.hellenicshippingnews.com/wto-downgrades-outlook-for-global-trade-as-risks-accumulate/
An Economic Cold War Looms Between the U.S. and China
A decade ago, the growing mutual dependence of the U.S. and Chinese economies earned them the nickname “Chimerica.” Now, as both dig in on their trade dispute, some see an economic cold war looming in which the U.S. and China seek to lead competing economic blocs. “Neither China nor America wants...
https://www.hellenicshippingnews.com/an-economic-cold-war-looms-between-the-u-s-and-china/
Pimco Sees `Growing but Slowing’ Global Economy Late in Cycle
Pacific Investment Management Co. sees a “growing but slowing” global economy a decade after the financial crisis and no imminent recession over the next year, according to a cyclical outlook published Tuesday. “While being mindful of the risks of an early end, we think it is too early to run for...
https://www.hellenicshippingnews.com/pimco-sees-growing-but-slowing-global-economy-late-in-cycle/
Marshall Islands marches toward zero greenhouse emissions by 2050
The Marshall Islands, an atoll-nation vulnerable to sea level rise from climate change, announced steps towards an ambitious plan to cut its greenhouse emissions to zero by 2050. The Pacific country became the first small island nation to present such a strategy to the United Nations amid...
ECB on Runway to Rate Liftoff Considers What Should Happen Next
European Central Bank officials are starting to discuss priming investors for the euro area’s first interest-rate increase since 2011, a conversation that could see them putting the U.S. experience of three years ago under the microscope. With the Governing Council indicating borrowing costs will...
France Unveils Billions in Tax Cuts as Support for Macron Ebbs
The French government unveiled billions in tax cuts Monday as it seeks to revive flagging public support for President Emmanuel Macron and his efforts to overhaul France’s economy. Mr. Macron is threading a needle as he tries to stimulate the economy without undercutting his pledge to make France a...
https://www.hellenicshippingnews.com/france-unveils-billions-in-tax-cuts-as-support-for-macron-ebbs/