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ICD What's New

Worst of global economic slowdown may be over
Kind: ICD What's New  Organization: Department of International Cooperation  Publish Date: 2019-11-11 09:22
There are a number of signs that the global economy may have bottomed out following the biggest slowdown in a decade. Five major reasons why markets are regaining confidence are as follows:

1. There are indications of progress in Sino-U.S. talks to end their ongoing trade dispute, with the two sides preparing to sign a first-phase agreement.

2. More than half of the world's central banks have cut interest rates this year, with the monetary loosening adding momentum to growth.

3. Economic indicators in major economies around the world have improved, including the U.S. ISM manufacturing index and ISM services index in October. Other examples include new manufacturing orders in Germany, which grew by a higher than expected 1.3 percent in September, and semiconductor inventories in South Korea, which saw their biggest decline in two years, reflecting an end to the downturn in the global technology sector.

4. Financial markets have turned optimistic, with the three major U.S. stock indexes hitting highs on Nov 4, and European and Asian stock markets also rising.

5. The risk of a no-deal Brexit, which has had markets on edge, has been reduced with the European Union granting the U.K. an extension of the deadline to leave the EU to Jan. 31, 2020.

Source: Economic Daily News, udn.com
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Update: 2019-06-17
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