A majority of economists expect a US recession in the next two years, but have pushed back the onset amid Federal Reserve actions
Crude oil prices facing downward trend in the world market as Brent oil price went down by two percent to 57.66 dollars per barrel.
Economy Minister Peter Altmaier, who expects German growth of around 1.5 percent for 2018 compared with 2017's 2.2 percent, has also rebuffed the doomsayers.
LONDON: The global economic, financial and political landscape has never been shakier, but the world's rich are confident they can steer through the fog of uncertainty in the coming year "without so much as a dent in their finances", a survey showed on Wednesday. The findings of UBS Wealth Management's survey of more than 2,800 millionaires in seven countries show a high degree of worry about the global financial system on the one hand, and supreme self-confidence and optimism on the other. Some 82 percent of those…
TAIPEI: Taiwan's economy grew at the fastest pace in more than a year during the July-September period, data showed Friday, fuelled by a strong recovery in the electronics sector. The 2.06 percent year-on-year growth, which beat expectations, was the best performance since the first-quarter of 2015 when the economy expanded 4.04 percent. The second straight quarter of growth is encouraging for the island, which just came out of recession in April-June. Traditionally an export-driven technology hub, Taiwan is home to…
LONDON: British manufacturing shrank at its fastest pace in more than three years in July and business confidence tumbled following the Brexit vote, according to surveys that show an increased chance of a recession ahead.
SAN JUAN: Puerto Rico's financial crisis deepened Sunday as Governor Alejandro Garcia Padilla announced the US commonwealth would default on $422 million in debt.