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...
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...
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...
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...
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...
by EFSD | Sep 2, 2019 | Economic News
China pushed ahead Sunday with increased duties of between 5% to 10% on a variety of major American exports, including soybeans and crude oil.However, the proportion of tariffs that took effect this weekend only account for about one third of the more than 5,000...
