Australia’s modest Q1 economic growth has sparked rising concerns about a sluggish recovery, signaling a potential need for bolder fiscal stimulus to boost spending and protect jobs, Reuters reports
Browsing: economic slowdown
China’s factory activity stumbled in May, weighed down by rising US tariffs. This downturn underscores growing hurdles for the manufacturing sector amid ongoing trade tensions, Reuters reports
China’s bold move to redirect exports originally destined for the U.S. aims to strengthen its domestic market, but analysts caution that this strategy could lead to deeper deflation. With demand dwindling, the risk of a prolonged economic slowdown looms larger, sparking worries about both internal stability and the ripple effects on global trade
In a bold recent statement, former President Donald Trump pointed the finger at his successor, President Joe Biden, for the current economic slowdown. He passionately defended the tariffs he put in place during his administration, arguing that these measures were crafted to empower American workers in the face of persistent economic hurdles.
India’s industrial output fell to a six-month low in February, raising concerns over economic momentum. Contraction in manufacturing and electricity sectors has contributed to the decline, signaling potential challenges ahead for growth prospects.
As China’s annual Congress concludes, leaders face lingering uncertainties about revitalizing the economy amid slowing growth. Analysts urge a focus on innovation and structural reforms to address pressing challenges and stimulate sustainable development.
India’s factory activity growth has fallen to a 14-month low in February, reflecting a significant slowdown in demand. According to a recent report by Reuters India, this decline raises concerns about the country’s economic momentum amid global uncertainties.