The escalation of the conflict between the US and China will lead to a slowdown in the global economy, Fitch predicts

Experts of the international rating agency Fitch calculated the likely losses for the global economy, the economies of the United States and China from the introduction of the US 25 percent duty on Chinese imports in the amount of 300 billion dollars. According to their estimates, this will lead to a slowdown in global economic growth by 0.4 percentage points, a similar weakening of the rise in US GDP and a slowdown in Chinese growth by 0.6 percentage points. Fitch predicts that global GDP will increase by 2.7% this year, slowing the rise to 2.4% next year. The forecast takes into account the response of the Chinese leadership in the form of a 50% increase in existing duties on goods from the United States in the amount of $100 billion and the introduction of new 25 percent duties on US imports in the amount of $20 billion. The development of an escalation of the trade conflict under this scenario will lead to an increase in import prices in both countries and a decrease in export volumes. As a result, the costs of companies will increase, while real wages will decrease.

27.06.2019
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Consumer confidence in France reached a 14-month high

Consumer confidence in France improved in June to a 14-month high. Such data was published by the French statistical office Insee. The corresponding index was 101 points, having increased from May value of 99 points. According to economists, ...
27.06.2019

German consumer confidence index to fall in July

In July, consumer confidence in Germany is expected to deteriorate, according to a survey by research firm GfK. The consumer sentiment index was 9.8 points, down from the June value of 10.1 points. In June, there was a stabilization of economic ...
27.06.2019

Apple buys autonomous vehicle startup Drive.ai

Axios announced the acquisition of Drive.ai, a manufacturer of systems for unmanned vehicles, by the American company Apple. The agency received confirmation from Apple of this acquisition, but the corporation did not disclose how much the ...
27.06.2019

The price of Bitcoin has grown by more than 200% since December 2018

During trading on Wednesday, the Bitcoin rate was 12 thousand 900 dollars, an increase of 14%. Since December 2018, its price jumped more than 200%. In connection with the increased enthusiasm of investors, caused by plans to launch Facebook's ...
27.06.2019

FedEx reported quarterly loss amid slowing global growth

The report of the FedEx Corporation, which provides logistics services worldwide, for the fourth fiscal quarter to May 31 showed that its net loss was $1.97 billion, whereas a year earlier it reported a net profit of $1.13 billion. Adjusted ...
27.06.2019
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