French consumer spending fell unexpectedly sharply in January, official data showed on Friday, flagging a weak start to the year even before the coronavirus outbreak began taking its toll. The Continue Reading
German unemployment dropped unexpectedly in February, the Federal Labour Office said on Friday, suggesting that the strong job market will continue to propel growth in Europe’s largest economy. Data from Continue Reading
It wasn’t supposed to be this way. The fall of the Berlin Wall was to bring about one, integrated world market where goods and services freely traversed borders without the Continue Reading
Wall Street’s three major stock indexes fell almost 2% on Tuesday as the coronavirus spread further around the world and officials described it as “a rapidly escalating epidemic,” a day Continue Reading
The United States, under pressure from European countries to address the economic threat of climate change, agreed on Sunday to include a reference to those risks in a joint statement Continue Reading
The last time a coronavirus outbreak hit China in 2003, the global economy emerged relatively unscathed. Now, nearly two decades later, the growth-damping effects of a similar pathogen threaten to Continue Reading
Global stocks fell as investors grappled with the potential economic fallout from mounting coronavirus infections in South Korea and other countries outside China. In South Korea, which reported its seventh Continue Reading
Finance chiefs of the world’s top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth and act if needed, as they said loose monetary policy Continue Reading
Business in the 19-country eurozone has picked up in February from a deep slump, particularly in Germany’s big industrial sector, despite disruption from the new coronavirus, a report showed Friday. A Continue Reading
Walmart is reporting disappointing fourth-quarter profits and sales. The nation’s largest retailer said Tuesday that sales at its U.S. stores heading into the holiday season were weaker than expected. It Continue Reading
When Kristin and Thomas Schmitt took out a mortgage and bought a house last summer, the German couple’s dream looked as if it was coming true. Two months later, they Continue Reading
The euro weakened on Tuesday, close to the three-year low it touched on Monday, after a German survey showed a slump in investor confidence, adding to pessimism about the outlook Continue Reading
Last year, Russia set a goal to quicken its economic expansion — to grow faster than the world as a whole — as a way to secure the country’s position Continue Reading
Airbus is slowly restarting its assembly line in China. General Motors began limited production on Saturday. Toyota followed on Monday morning. Fitfully and painfully — and with some worried prodding Continue Reading
U.S. consumer spending slowed further in January, with sales at clothing stores declining by the most since 2009, a trend that could raise concerns about the economy’s ability to continue Continue Reading
The economic casualties from China’s coronavirus epidemic are mounting as Asian and European auto plants run short of parts, free-spending Chinese tourists stay home and American companies brace for unpredictable Continue Reading
A sharp drop in energy prices slowed U.S. consumer inflation at the start of this year. The consumer-price index—which measures changes in how much Americans are paying for everyday items Continue Reading
The German economy stagnated in the fourth quarter due to weaker private consumption and state spending, data showed on Friday, renewing fears of a recession just as Chancellor Angela Merkel’s Continue Reading
European shares touched record highs on Friday as investors digested whether China’s coronavirus outbreak would cause long-lasting damage to global economy. Europe’s broad Euro STOXX 600 clawed up 0.1% to Continue Reading
Copper has spoken. Its voice is the loudest of the commodities, and it’s not optimistic for the global economy. The coronavirus–which had by the time of writing claimed 490 lives Continue Reading
General Motors Co ( GM.N ) on Wednesday forecast flat profits for 2020 and reported a better than expected fourth quarter result as it kicked off a new effort to Continue Reading
The year 2020 could emerge as the start of the era of relative global chaos or major upheaval. It is the era we have been anticipating, as the impact of Continue Reading
The effects of coronavirus are impacting the Shanghai Stock Exchange Yifan Ding/Getty The economic shock waves of the Wuhan coronavirus look likely to eclipse the 2003 SARS crisis , as Continue Reading
Investors sent Ford Motor Co shares skidding on Tuesday after the company delivered a weaker-than-expected 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued Continue Reading
Goldman Sachs says 2020 global growth will take a modest hit from the outbreak of coronavirus, assuming an aggressive response from authorities in China and elsewhere to bring the rate Continue Reading
Global manufacturing activity appeared to be steadying after a long slowdown, but is set to suffer a fresh setback due to China’s isolation in response to the coronavirus outbreak. January Continue Reading
The U.S. economy just hit an air pocket. Blame Boeing Co. Every now and then a single company can have a measurable impact on growth. This time it’s Boeing, the Continue Reading
It’s official: The economy last year grew at its slowest pace of President Trump’s term so far, expanding by 2.3 percent, well below the clip the president pledged to deliver. The report from Continue Reading
The U.S. economy headed into 2020 on a solid footing, with growth settling back to the roughly 2% pace that has prevailed during the decade-old economic expansion. Gross domestic product—the Continue Reading
The US economy expanded last year at its slowest annual pace since a manufacturing slowdown in 2016, as consumer spending showed signs of flagging. Gross domestic product rose at a Continue Reading
The American economy turned in a weaker annual performance last year than in 2018, held back by developments that set the stage for slower growth to come. Gross domestic product Continue Reading
Stocks across the world tumbled on Thursday as the death toll from a virus spreading in China reached 170, forcing airlines to cut flights and stores to close as the Continue Reading
A rapidly spreading virus outbreak in China is emerging as a potentially major new risk to the global economy and leaving policymakers, still grappling with the impact of the Sino-U.S. Continue Reading
The U.S. economy likely maintained a moderate pace of growth in the fourth quarter, and probably again fell short of attaining the Trump administration’s coveted but elusive 3% annual growth Continue Reading
The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion. While Continue Reading
The national debt and sustained federal budget deficits will hit the highest levels since World War II over the next decade, the Congressional Budget Office projected on Tuesday, following multiple Continue Reading
Global automotive production may have peaked, auto supplier Robert Bosch said on Wednesday, announcing job cuts and a review of its business to cope with a 44% drop in full-year Continue Reading
There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the Continue Reading
Housing markets across the world, from the U.K. to China to Australia, are losing steam, holding back prospects for the global economy that last year grew at its slowest rate Continue Reading
Chinese economic growth slowed to 6.1% last year, according to figures released Friday, as sagging trade and business confidence pulled the closely watched reading to its lowest level in nearly Continue Reading
China’s factories are beginning to hum again. Its consumers are opening their wallets. Its trade tensions with the United States are easing. On paper, the world’s second-largest economy looks as if it Continue Reading
China has accelerated the issuance of local government special bonds since the start of January, in an effort to speed up infrastructure construction to offset downward pressure on China’s economic Continue Reading
Ahead of tonight’s key China data dump, State Grid, China’s largest utility company, has warned the rate of economic growth in the country could plunge to 4% within the next Continue Reading
Global oil demand growth is accelerating to 1.26 million barrels per day (MMB/D) in 2020, up from 0.95 MMB/D growth in 2019, with growth expected in all regions except Western Continue Reading
A weak phase in the German industrial sector is not over yet but it is likely to reach turning point soon, the German economy ministry said on Wednesday, citing positive Continue Reading
The German economy grew by 0.6% in 2019, the weakest expansion rate since 2013 and a marked cooling from the previous year, a preliminary estimate from the Federal Statistics Office Continue Reading
Investors set aside their jitters over the Middle East tinderbox to send stocks to new highs. But economists taking a long view see graver threats to growth both at home and Continue Reading
U.S. job growth likely slowed in December, but the pace of hiring probably remains more than enough to keep the longest economic expansion in history on track despite a deepening Continue Reading
The dramatic escalation of Middle East tensions and the risk of higher oil prices will likely prevent a quick recovery in India’s oil products’ appetite, which is already at multiyear Continue Reading
Ford Motor Co. U.S. sales were off 3.2% in 2019, reflecting a broader cooling of demand in the U.S. auto market after a record period of elevated results. The No. 2 Continue Reading
