WTO cuts world merchandise trade forecasts for 2018 and 2019
WTO cuts world merchandise trade forecasts for 2018 and 2019
The WTO forecast world trade in goods would grow by 3.9% this year, less than the 4.4% it forecast in April. Next year trade growth of 3.7% is expected, a cut from the WTO’s previous forecast of 4.0%
Livemint
Livemint
Trade Tensions, Italian Uncertainty Put a Cloud on Europe’s Mood
Trade Tensions, Italian Uncertainty Put a Cloud on Europe’s Mood
Euro-area economic confidence slid for a ninth month, the longest streak of declines since 2011, as protectionism and political uncertainty cast a cloud over the outlook.
Bloomberg
Bloomberg
Tariffs Start to Drag on U.S. Economy as Trade Deficit Widens
Tariffs Start to Drag on U.S. Economy as Trade Deficit Widens
Fresh data on the U.S. economy show President Donald Trump’s escalating trade war is shaping up as a clear drag on growth this quarter.
Bloomberg
Bloomberg
UK business investment falls as Brexit uncertainty strikes UK firms
The Office for National Statistics judges that investment by companies fell by 0.7 per cent in the three months to June, following a contraction of 0.5 per cent in the first quarter
The Independent UK
The Independent UK
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US would lose out in trade war against the world: ECB
Frankfurt am Main (AFP) - Economic activity in the United States could fall more than two percent within a year if Washington launched a trade war on a wide front, European Central Bank researchers suggested Wednesday.
AFP
AFP
Lack of CETA awareness hindering opportunities for Canadian business: EU trade czar
MONTREAL — In a warehouse on the outskirts of town, European trade commissioner Cecilia Malmstrom surveyed rows of boxed-up electric bicycles bound for bike-share systems from Honolulu to Sao Paulo.
The Canadian Press
The Canadian Press