JavaScript is off. Please enable to view full site.

Global economic outlook darkens amid escalating trade dispute: Ifo

Monday, August 12, 2019, 14:32 GMT+7
Global economic outlook darkens amid escalating trade dispute: Ifo
Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Photo: Reuters

BERLIN -- The economic outlook has deteriorated in all parts of the world over the summer due to an escalating trade dispute between the United States and China, a survey showed on Monday.

Germany’s Ifo economic institute said its quarterly survey among nearly 1,200 experts in more than 110 countries showed that its measures for current conditions and economic expectations have both worsened in the third quarter.

“The experts expect significantly weaker growth in world trade,” Ifo President Clemens Fuest said, adding that trade expectations hit the lowest since the beginning of the tariff conflict last year.

“Respondents also expect weaker private consumption, lower investment activity, and declining short- and long-term interest rates.”

U.S. President Donald Trump said on Friday he was not ready to make a trade deal with China and even called a September round of talks into question, reviving concerns on financial markets that the dispute is unlikely to end anytime soon.

Reuters

More

Read more

Six shot dead in Czech hospital attack

Police posted on Twitter a picture of a man they initially identified as a suspect but later clarified was a witness, saying they were also searching for another person

22 hours ago
;

Photos

VIDEOS

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news

Six shot dead in Czech hospital attack

Police posted on Twitter a picture of a man they initially identified as a suspect but later clarified was a witness, saying they were also searching for another person