The CEOs of America’s biggest companies just lowered their economic growth forecast for the year

by EFSD | Sep 19, 2019 | Economic News

The Business Roundtable said its members forecast U.S. economic growth this year will clock in at 2.3%, down from last quarter’s estimate of 2.6%.The group, whose chairman is J.P. Morgan CEO Jamie Dimon, blamed tension with China and the stalled free-trade agreement...

‘Expect some volatility’ in oil price as US output flows back, IHS Markit’s Yergin says

by EFSD | Sep 11, 2019 | Economic News

Rising U.S. shale oil and lackluster demand will create volatility for oil markets, according to Dan Yergin, IHS Markit’s vice chairman.His comments come amid uncertainty for oil prices with OPEC producers restricting output.President Donald Trump’s trade dispute with...

Asia could be the driving force of the world economy as the ‘center of gravity’ shifts, says Oxford professor

by EFSD | Sep 10, 2019 | Economic News

The U.S. economy has been buoyed more by emerging market growth than domestic policies, according to Oxford University professor Ian Goldin.The ex-World Bank vice president told CNBC fast-growing markets in Asia, especially China, have been at the forefront of that...

No-deal Brexit could be the ‘end of the beginning’ for the UK, research says

by EFSD | Sep 5, 2019 | Economic News

British lawmakers are currently embroiled in a historic battle over the prospect of a no-deal Brexit, with a cross-party coalition seeking legislation to block Prime Minister Boris Johnson taking Britain out without a new withdrawal agreement on October 31.Professor...

Asia trades mixed; Reserve Bank of Australia keeps cash rate unchanged

by EFSD | Sep 3, 2019 | Economic News

Stocks in Asia were subdued on Tuesday in afternoon trade.The Reserve Bank of Australia kept interest rates unchanged at a record low of 1% on Tuesday, in a widely expected move.Australian July retail sales fell in July, data from the Australian Bureau of Statistics...