WASHINGTON — The global economy will come “perilously close" to a recession this year, led by weaker growth in all the world's top economies — the United States, Europe and China — the World Bank warned on Tuesday. In an annual report, the World Bank, which lends money to poorer...
Why the Fed Has No Choice but to Keep Cutting Interest Rates – if It Wants to Avoid a Financial Crisis
The U.S. Federal Reserve is stuck between an apparently booming economy and a financial crisis that might be right around the corner. That’s why its decision to cut interest rates by another quarter point on Oct. 30 – its third reduction in as many months – seems so odd. Lowering...
Leading Finance Officials Acknowledge Global Slowdown
WASHINGTON — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of this year, thanks to interest-rate policies from the Federal Reserve and other central banks. Officials of the Group...
World Economy Forecast to Slow in 2019 Amid Trade Tensions
DAVOS, Switzerland — The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world's second-biggest economy, said it had slowed to its weakest pace since 1990. The IMF cut its estimate for global growth this year to 3.5 percent,...
US Economy is World's Biggest. Who Will Lead in 2050?
The U.S. economy has grown by exactly $1 trillion since 2017 to $20.4 trillion, according to the International Monetary Fund. That makes the American economy far and away the world's biggest — more than $6 trillion ahead of runner-up China and more than $15 trillion ahead of No. 3 Japan....