IMF cuts Japan's GDP forecast for third time this year

Business / Economy Nov 25, 2019

IMF cuts Japan's GDP forecast for third time this year

The International Monetary Fund has cut its 2019 economic growth forecast for Japan for the third time this year amid heightened risks from the global slowdown and is calling on the government not to tighten its spending stance for now. The IMF reduced its growth ...

Hong Kong to unveil depth of recession amid protests and trade war

Business Nov 15, 2019

Hong Kong to unveil depth of recession amid protests and trade war

Hong Kong confirmed on Friday its economy plunged into the first recession in a decade in the third quarter, weighed down by increasingly violent anti-government protests and the escalating U.S.-China trade war. The economy shrank from the previous quarter by a seasonally adjusted 3.2 percent ...

U.S. consumer demand slows sharply amid trade war

Business Sep 28, 2019

U.S. consumer demand slows sharply amid trade war

U.S. consumer spending slowed sharply in August, according to government data released Friday, suggesting turmoil from President Donald Trump's trade wars is hitting home for the general public. And in another sign trade tribulations are weighing on American industry, demand for big-ticket manufactured goods also ...

Japan may achieve fiscal health in fiscal 2027: government

Business / Economy Jul 31, 2019

Japan may achieve fiscal health in fiscal 2027: government

Japan may achieve fiscal health in the year ending March 2028, one year later than previously estimated, due to decreased tax revenues amid a slowdown in the global economy, the government's latest projections showed Wednesday. According to the long-term projections, the government will run a ...