When the Chinese Cut Rates It’s Time to Worry From Bloomberg Businessweek The surprise decision by China’s central bank to cut interest rates on June 7 shows increasing nervousness about the state of the economy. While most economists were predicting a rate reduction sometime this year, the suddenness of this latest move reveals just how [...]
Tag: "ECONOMIC GROWTH"
OECD indicator shows G7 growth may have peaked this (Reuters) – Growth rates in the world’s leading economies may have peaked, the OECD said on Monday in its latest monthly economic overview, pointing to continued slowdowns in the euro zone and in China. The Organization for Economic Co-operation and Development said its June composite leading [...]
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U.S. Will Trail Global Growth for Decade By Sree Vidya Bhaktavatsalam and Charles Stein, from Bloomberg BlackRock Inc. (BLK)’s Laurence D. Fink, chief executive officer of the world’s biggest asset manager, said the U.S. will trail the global economy for much of the next decade. The U.S. economy will grow 2 percent to 3 percent [...]