A group of several hundred economists and financial market professionals regularly polled by Reuters over the past few years has consistently and almost unanimously warned that trade conflict is the number one global economic risk.
The S&P 500 was down 0.7% Wednesday, tumbling for a second consecutive session, but overall is down only about 5.5% from its early May high. The unemployment rate is at a five-decade low. With major companies nearly done releasing their first-quarter results, 76% had results above expectations.
New Delhi, Jan 07 (ANI): Economic Affairs Secretary Shaktikanta Das on Thursday said the new normal in global economy is uncertainty. He said that China seems to be moving towards market linked pricing of the Yuan. He also stated that YMF has accepted Yuan as a reserved currency. China devalued the Yuan in a move that rippled through global markets. As policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy.