Latest Economic outlook News

Finance officials pledge to combat global economic slowdown

Oct. 19, 2019 3:42 PM EDT

WASHINGTON (AP) — Global finance officials wrapped up their fall meetings on Saturday with a pledge to "employ all appropriate tools" to combat the weakest global growth in a decade, but there was little evidence of progress in easing trade tensions, a major source of the slowdown. The policy-setting...

China's economic slowdown deepens, weighing on global growth

Oct. 18, 2019 11:05 AM EDT

BEIJING (AP) — China's economic growth sank to a new multi-decade low in the latest quarter as a trade war with the U.S. deepened a slump that is weighing on the global economy. Growth in the world's second-largest economy slipped to 6% in the three months ending in September, down from the previous...

IMF head says more needed to boost growth than US-China deal

Oct. 17, 2019 6:56 PM EDT

WASHINGTON (AP) — The International Monetary Fund's new leader said Thursday that a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had estimated that...

US-China trade war weighing on world's growth, IMF says

Oct. 17, 2019 4:03 PM EDT

The global economy is slowing, largely because of the U.S. trade war with China, according to the 189-member International Monetary Fund. The Washington-based institution is the world's lender of last resort, providing emergency loans when countries face financial crisis. In its latest forecast the IMF blamed...

UK inflation unexpectedly holds steady at 1.7% in September

Oct. 16, 2019 5:26 AM EDT

LONDON (AP) — Official figures show that falling fuel and secondhand car prices helped keep consumer price inflation in Britain unchanged in September at 1.7%, its lowest rate since late 2016. The flat reading from the Office for National Statistics was unexpected — most economists predicted a...

After ending protests, Ecuador faces dire economic outlook

Oct. 15, 2019 6:17 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno survived the toughest political crisis of his presidency by negotiating an end to indigenous anti-austerity protests. Now he faces an even tougher challenge. Ten years of populist rule and a drop in oil prices have left Ecuador with a $64 billion public...

IMF downgrades outlook for world economy, citing trade wars

Oct. 15, 2019 11:49 AM EDT

WASHINGTON (AP) — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis, primarily because of widening global conflicts. The IMF's latest World Economic Outlook released Tuesday foresees...

IMF welcomes attempt to resolve dispute in Ecuador

Oct. 15, 2019 11:46 AM EDT

WASHINGTON (AP) — The International Monetary Fund said Tuesday it welcomes the decision by Ecuadorian President Lenín Moreno to cancel an austerity package following more than a week of protests. Gita Gopinath, IMF's chief economist, said the agency welcomes the attempt "to bring in all stakeholders...

UK labor market weakening amid Brexit uncertainty

Oct. 15, 2019 10:17 AM EDT

LONDON (AP) — Brexit uncertainty appears to be finally affecting Britain's labor market, which has been resilient over the past three years in spite of a slowdown in economic growth. With the scheduled Brexit deadline of Oct. 31 looming, it's increasingly clear that firms are beginning to hold back on...

Markets Right Now: US stocks jump on trade progress

Oct. 11, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing sharply higher Friday as the U.S. and China reached a partial deal on trade and said they would continue negotiating. President Donald Trump agreed to suspend an increase in tariffs on $250 billion...