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Wayne Swan echos IMF concerns over US-China trade war | Sky News AustraliaLabor Party President Wayne Swan has echoed the International Monetary Fund's warning over the US-China trade war, saying countries like Australia will be the ones who bear the brunt of the ongoing dispute. \n\nThe IMF has warned Australia’s economy could be damaged by the trade war and expects a downgrade in the nation’s economic growth outlook for 2019. \n\nMr Swan told Sky News the government’s unstable budget policy will not aid the economy in an uncertain international environment. \n\n\n\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Sharp economic downturn forecast | Sky News AustraliaThe International Monetary Fund (IMF) has warned the world is at risk of a sharp economic downturn. \n\nA review has revealed the global economy is slowing faster than expected amid trade conflicts and rising debts. \n\nThe IMF has now lowered its economic growth forecast for the second time in three months from 3.7 to 3.5. \n\n\n\n\n\n\n\n Bowenchris Fear, Fear,Fear,Fear,Fear that’s the LNP policy. Bowenchris Like tax everyone to the hilt to pay for labour’s thought bubble policies!! auspol skynews abc
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Brexit uncertainty and China slowdown to weigh on Australian marketsAustralian shares are expected to open flat as Theresa May refuses to rule out a no-deal Brexit, the IMF cuts its forecast for global economic growth and China posts its slowest GDP expansion in three decades. These two factors are likely to effect markets all year. if the UK gets a no deal then the ramifications will be felt world wide. The UK is one of the key financial centers around the world.
Source: abcnews - 🏆 5. / 83 Read more »
Treasurer calls for end to US-China trade war as Australia becomes entangled | Sky News AustraliaThe Treasurer has called on US and China to abate their trade war as the International Monetary Fund warns Australia’s economy could be damaged by the warring giants.\n\nJosh Frydenberg has told Sky News he will bring a ‘clear message’ to the upcoming G20 summit in Indonesia in an effort to contain its trickle-down side effects.\n\nThe IMF has sharply downgraded Australia’s economic growth outlook for 2019.\n\nImage: Hollie Adams \u002F News Corp Australia \n\n\n\n JoshFrydenberg JFC Frydenberg the designer of the failed NEG is dealing with the Trump trade disaster. Mate Trump isn't going to listen to you, I nearly fell asleep and I know who you are, he doesn't care. If you had a clue you'd be preparing for the Trump collapse not just hoping for the best CLARIFICATION: The Treasurer says common sense must prevail in relations between the United States and China. JoshFrydenberg Poor J_FrydenbergMP out of his depth as treasurer. Nice blokes don’t make good treasurers anyway auspol
Source: SkyNewsAust - 🏆 7. / 78 Read more »
'Winter is coming': global economy is turning into a battleground, fear finance chiefsWith scenes from Game of Thrones playing on giant screens, the mood at the IMF meeting was clear. Exaggerated Every 10 years expect the bubble burst capitalist economy DananBroh omgomgg
Source: smh - 🏆 6. / 80 Read more »
Global economy weakening ‘faster than expected’The global economy is weakening at a faster rate than expected, with the International Monetary Fund (IMF) warning the world is at risk of a sharp downturn. Recession looming
Source: newscomauHQ - 🏆 9. / 77 Read more »