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The drop from 6.6% growth in 2018 reflected a raft of challenges. China's birth rate and manufacturing investment also dropped to record lows.
‘We’re riding a century-old measurement off a cliff’: Andrew Yang tears into GDP as an outdated metric for calculating economic grow...
"If these are your measurements, then you're going to think things are going in one direction, while your way of life disintegrates," Yang said.
"Escalating conflict over tariffs ... has hit trade, is undermining business investment, and is putting jobs at risk," the OECD said. Global GDP is set to plunge to 2.9% in 2019.
For this ranking, over 7,000 business decision makers scored countries across eight different categories.
Trump’s new tariffs are about to hammer American wallets — and Goldman Sachs says the US economy may not recover for years
"Tariff escalation would boost US consumer prices slightly further than previously estimated" while reducing US growth as well, Goldman Sachs says.
New York has one of the largest but slowest-growing economies in the US.
China's economy grew 6.2% last quarter, its slowest pace in at least 27 years, raising hopes the government will ramp up its efforts to boost demand.
Venezuela's central bank released its first inflation data since 2015, showing the dismal state of the economy. GDP fell at least 10% for 11 quarters.
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.