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A closely watched outlook just predicted US economic growth is about to crawl at a ‘near-recession pace’
The UCLA Anderson Forecast, a widely watched and often-cited economic outlook, says that US growth will slow to 1.7% in 2019, and 1.1% in 2020.
Rankings of the biggest growth stars in emerging markets sees India take top spot in the next decade, according to Oxford Economics.
Global debt is not yet at financial crisis levels — but could be set for an explosion with China leading the way
Global debt is at significant levels but isn't high enough to draw comparisons with 2008 just yet though emerging markets are in a dangerous position.
China has been throwing all sorts of stimuli at its slowing economy to counteract President Donald Trump's trade war. In the long term, it could work.
Weeks of protests by "yellow vests" in France have touched a nerve of discontent. The damage to the economy is apparent, and more is still to come.
According to the GDP report, business investment showed signs of stalling even after the biggest corporate tax overhaul in 30 years.
The US economy grew faster than expected in the third quarter, boosted by consumer spending and business inventories.
The US economy in the second quarter grew even faster than had been previously estimated, according to Commerce Department report released Wednesday. Gross domestic product rose at an annual rate of 4.2%, its fastest since the third quarter of 2014.
President Donald Trump said Friday he expected the US economy to grow even faster in the second half the year. Second-quarter GDP increased at an annual pace of 4.1%, the highest since 2014.
Friday's GDP number was expected to be strong, partly because exports surged as buyers stockpiled on concerns that trade disputes would worsen.