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Strong consumer activity this summer partially offset the effects of an ongoing trade dispute between the two largest economies.
The results cast further doubt on the prospect that Trump would fulfill his longstanding pledge to bring US growth to or above 3% this year.
China’s growth slumped to a record low last quarter — and it could drop even lower next year, the IMF warns
"We have trade tensions, we have other geopolitical forces, we have all these uncertainties around the world."
Trade tensions could push the world economy to grow at its slowest pace since the financial crisis a decade ago, the IMF warned Tuesday.
The cofounder of MOD Pizza, the fastest-growing restaurant chain in America, reveals how its hiring strategy was key to its meteoric rise during the r...
MOD Pizza cofounder Ally Svenson reveals how a commitment to purpose helped the brand became the fastest-growing restaurant chain in America.
The OECD dimmed its outlook for the US economy, which it predicted would grow 2.4% this year and 2% in 2020.
The US economy cooled more than originally thought in the second quarter as Trump’s trade wars raged
The results dimmed the prospect that the White House would reach its economic growth estimates for the year.
German business confidence has also slumped to its lowest level in more than six years.
Consumer spending at home partially offset weakness caused by global trade disputes that began more than a year ago.
Oil prices were lower following the move by OPEC, a signal that growth concerns have overwhelmed expectations for lower supply.