Global economy hits weakest spell since financial crisis a decade ago

[Spartan]

The global economy's sharp loss of speed through 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago, according to Bloomberg Economics.

Its new GDP tracker puts world growth at 2.1 per cent on a quarter-on-quarter annualised basis, down from about 4 per cent in the middle of last year. While there's a chance that the economy may find a foothold and arrest the slowdown, "the risk is that downward momentum will be self-sustaining," say Economists Dan Hanson and Tom Orlik.

The reasons for hope? The Federal Reserve's decision to pause its interest-rate hikes, a US-China trade truce and the fading of the shocks that battered Europe in 2018 could mean stabilization is around the corner. Other central banks have also stepped up, with the European Central Bank last week announcing new measures to help the economy through the current weakness.

But the global economy is not out of the woods. The OECD's latest composite leading indicator -- published on Monday -- indicates easing momentum in the US, the UK, Canada, and the euro area as a whole, including Germany and Italy. There are, however, signs of stabilization in China.

Despite the gloom, ECB policy makers have been keen to put a brave face on the deterioration, pushing the view the euro zone is experiencing a slowdown, not a recession.

"We are still seeing robust economic growth, although it's less strong than before," Executive Board member Benoit Coeure said in an interview with Italian newspaper Corriere Della Sera published on Monday. "It will take longer for inflation to reach our objective, but it will get there. We are reacting to the developments we have seen so far."

"The cyclical upswing that took hold of the global economy in mid-2017 was never going to last. Even so, the extent of the slowdown since late last year has surprised many economists, including us," said Bloomberg Economists.

There has been a modest pickup in some economic numbers recently, though it's hard to ignore the high-profile disappointments. US retail-sales numbers on Monday will be closely watched for a rebound from the biggest fall in a decade in December.

Last week, the US reported employers added the fewest jobs in more than two years. There may have been one-off factors to blame, but the scale of the miss puts in focus the idea that the economy's lost steam. This week, China will be in the spotlight with the release of retail sales, investment, credit and industrial production on the schedule.

[k2s]

okka mukka ardam kaley

brief it pls 

[Spartan]

7 minutes ago, k2s said:

okka mukka ardam kaley

brief it pls 

global average 4% growth nunchi 2% ki padindi...first time in 10yrs.

but nothing to worry..since economies and financial institutes are taking measures not to go into recession.

[Anta Assamey]

2 minutes ago, Spartan said:

global average 4% growth nunchi 2% ki padindi...first time in 10yrs.

but nothing to worry..since economies and financial institutes are taking measures not to go into recession.

Only 1 country aite problem kaani .... mottam andaru global ga potunaru ante... Not an issue..   

[afacc123]

2 minutes ago, k2s said:

okka mukka ardam kaley

brief it pls 

Repeat eee

[Spartan]

2 minutes ago, Anta Assamey said:

Only 1 country aite problem kaani .... mottam andaru global ga potunaru ante... Not an issue..   

yes

[ShwethaNaidu]

19 minutes ago, k2s said:

okka mukka ardam kaley

brief it pls 

Eat healthy food every day simple concept of life 

[soodhilodaaram]

28 minutes ago, Spartan said:

The global economy's sharp loss of speed through 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago, according to Bloomberg Economics.

Its new GDP tracker puts world growth at 2.1 per cent on a quarter-on-quarter annualised basis, down from about 4 per cent in the middle of last year. While there's a chance that the economy may find a foothold and arrest the slowdown, "the risk is that downward momentum will be self-sustaining," say Economists Dan Hanson and Tom Orlik.

The reasons for hope? The Federal Reserve's decision to pause its interest-rate hikes, a US-China trade truce and the fading of the shocks that battered Europe in 2018 could mean stabilization is around the corner. Other central banks have also stepped up, with the European Central Bank last week announcing new measures to help the economy through the current weakness.

But the global economy is not out of the woods. The OECD's latest composite leading indicator -- published on Monday -- indicates easing momentum in the US, the UK, Canada, and the euro area as a whole, including Germany and Italy. There are, however, signs of stabilization in China.

Despite the gloom, ECB policy makers have been keen to put a brave face on the deterioration, pushing the view the euro zone is experiencing a slowdown, not a recession.

"We are still seeing robust economic growth, although it's less strong than before," Executive Board member Benoit Coeure said in an interview with Italian newspaper Corriere Della Sera published on Monday. "It will take longer for inflation to reach our objective, but it will get there. We are reacting to the developments we have seen so far."

"The cyclical upswing that took hold of the global economy in mid-2017 was never going to last. Even so, the extent of the slowdown since late last year has surprised many economists, including us," said Bloomberg Economists.

There has been a modest pickup in some economic numbers recently, though it's hard to ignore the high-profile disappointments. US retail-sales numbers on Monday will be closely watched for a rebound from the biggest fall in a decade in December.

Last week, the US reported employers added the fewest jobs in more than two years. There may have been one-off factors to blame, but the scale of the miss puts in focus the idea that the economy's lost steam. This week, China will be in the spotlight with the release of retail sales, investment, credit and industrial production on the schedule.

sparty.. this is my take after carefully watching 2008, this world is a maaya..nothing is permanent.do that is needed for family..you dont spend on anything but you soul for yourselves as bread winner

it is better to die one death than watching doom and gloom for 1-2 yrs, it can get really bad here when thing go bad, this is something the OOOOh Fee Tee gen will get caught on, save and live a live your self worth than so called american dream 🙏

[Spartan]

2 minutes ago, soodhilodaaram said:

sparty.. this is my take after carefully watching 2008, this world is a maaya..nothing is permanent.do that is needed for family..you dont spend on anything but you soul for yourselves as bread winner

it is better to die one death than watching doom and gloom for 1-2 yrs, it can get really bad here when thing go bad, this is something the OOOOh Fee Tee gen will get caught on, save and live a live your self worth than so called american dream 🙏

thats what i always say...

stop sending money to India..where u will never enjoy ... mana kashtam inkevado anubhavistadu akkada...

parents ki cheyalante meeru velli konnalu enjoy cheyandi..or vallani pilpinchukondi..

 

[soodhilodaaram]

11 minutes ago, ShwethaNaidu said:

Eat healthy food every day simple concept of life 

tindama eragadam ee kakunda inka chaala untaayi life lo antunna @kevinUsa

[ShwethaNaidu]

1 minute ago, soodhilodaaram said:

tindama eragadam ee kakunda inka chaala untaayi life lo pakodi munja

Chemidi mukku fellow 

[k2s]

11 hours ago, Spartan said:

global average 4% growth nunchi 2% ki padindi...first time in 10yrs.

but nothing to worry..since economies and financial institutes are taking measures not to go into recession.

Endo anta sunny leone maaya

[Idassamed]

12 hours ago, soodhilodaaram said:

tindama eragadam ee kakunda inka chaala untaayi life lo antunna @kevinUsa

tinnaka adhe cheyyali gaa brother