MACRO ECONOMIC NEWS

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Macro Economic News 27 Jul 2019

 

The global economic momentum is slowing. US economic growth cools to 2.1% in second quarter. U.S. economic growth in 2018 missed the Trump administration's 3% target by any measure, which could renew criticism of the White House's $1.5 trillion in tax cuts. Profits earned by China's industrial firms contracted in June after a brief gain the previous month, fuelling concern that a slowdown in manufacturing from a bruising trade war will drag on economic growth. Uncertain times ahead, EMs lack safety net: RBI governor.

 

FINANCIAL TIMES

[I]  Saudi Arabia debates allowing shopping to eclipse prayer

[I]  Hong Kong protests target airport as crisis deepens

[I]  Ireland warns that hard Brexit threatens UK unity

[I]  US economic growth cools to 2.1% in second quarter

[I]  The global economic momentum is slowing

 

REUTERS

[I]  U.S. economy slows in second quarter; weak business investment a red flag

[I]  India's summer crop planting lags as monsoon rains remain patchy

[I]  India's Venezuelan June oil imports highest in seven quarters: trade

[I]  India rice exports could hit seven-year low on weak demand, higher prices: industry

[I]  China's industrial profits fall in June, add to fears of slowdown

[I]  U.S. economy misses Trump's 3% target in 2018

[I]  BoE to resist global tide of policy loosening

[I]  China's industrial profits fall in June, add to fears of slowdown

 

BLOOMBERG 

[I]  Trump Dollar Declarations Show U.S. Currency Move Still in Play

[I]  Dark Soils Burst With Spring Wheat as Funds Make Record Bear Bet

[I]  The Dilemma of Record Stocks Amid Recession Signals

[I]  1,500 Pounds of Gold Gone in Three Minutes During Brazil Heist

[I]  Bank of England to Hold Rates as Clouds Gather Over Outlook

[I]  Mexico Recession Risk Flashes as Economy Shrinks for Second Straight Month

[I]  Ghana Money Managers Get Back Deposits Tied Up in Failed Banks

 

WALL STREET JOURNAL

[I]  Economic Growth Slowed to 2.1% in Second Quarter

[I]  Growth Didn’t Hit 3% Mark Last Year, Revised Data Show

[I]  Trump Takes Aim at Both China and WTO

[I]  IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders

[I]  Trump Says U.S. to Take Action Against France for Tax on American Tech Companies

[I]  Trump Rejected Proposal to Weaken Dollar Through Market Intervention

[I]  Real Time Economics: The Outlook is Getting ‘Worse and Worse’

 

BUSINESS LINE

[I]  GST Council meeting rescheduled for July 27

[I]  Paper industry frets as India gears up for RCEP talks

[I]  Keep some essential drugs out of price control, says panel

[I]  Prudent fiscal policies critical for growth: RBI chief

[I]  Online trade: India steps up efforts to end moratorium on customs duties at WTO

[I]  Digital trade set to grow 14 times by 2030: Study

 

ECONOMIC TIMES

[I]  RBI Governor Das wary of trade wars, backs high forex reserves

[I]  Yuan weakens, volatility low amid tepid hopes for trade talks progress

[I]  Sovereign external borrowing: A tightrope walk for govt

[I]  India rice exports could hit 7-year low on weak demand, higher prices

[I]  Despite slowdown, realty sector gets $2.7 billion fund inflows in H1

[I]  49 projects worth Rs 1,231 crore taken up in northeastern region

[I]  RBI to ease priority sector lending norms for exports

[I]  Policymakers a divided lot on Personal Data bill provisions

[I]  A Supreme Court ruling could allow millions of home workers to access benefits

 

BUSINESS STANDARD

[I]  Indians bought record number of movie tickets last year at multiplexes

[I]  Cabinet likely to soon decide on 2 ambitious semi-high speed train projects

[I]  Uncertain times ahead, EMs lack safety net: RBI governor Shaktikanta Das

[I]  Govt sets up a separate advisory board for medical devices sector

[I]  Govt drops plan for easier retrenchment, moots fixed-term employment

[I]  Rain in August to determine final output of kharif crops this year

 

Best Regards, ARBIND
27 Jul 2019