US economy slowing in Q1, can wait for greater clarity: U.S. Federal Reserve Chair Jerome Powell

US economy slowing in Q1, can wait for greater clarity: U.S. Federal Reserve Chair Jerome Powell

U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell said on Wednesday. “Despite heightened uncertainty and downside risks, the U.S. economy is still in a solid position,” … Read more

IMF data shows coronavirus will push China GDP growth well beyond US

IMF data shows coronavirus will push China GDP growth well beyond US

By Alex Tanzi and Wei Lu The Covid-19 pandemic will produce lasting shifts to global growth, pushing China even more to the forefront. The proportion of worldwide growth coming from China is expected to increase from 26.8% in 2021 to 27.7% in 2025, according to Bloomberg calculations using International Monetary Fund data. That’s more than … Read more