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Author Archives: Top News Editor

IMF Lowers Global Growth Forecast As India Loses Steam

The International Monetary Fund on Monday cut the global growth forecasts for this year and next, mainly due to the weaker-than-expected expansion in India. Global growth for this year is projected at 3.3 percent, which is 0.1 percentage point less ...

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China Keeps Loan Prime Rates Unchanged

China kept its benchmark lending rates unchanged for the second straight month, as widely expected, on Monday. The one-year loan prime rate was retained at 4.15 percent and the five-year loan prime rate at 4.80 percent. The rate was last ...

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U.S. Housing Starts Skyrocket To 13-Year High In December

After reporting significant increases in new residential construction in the two previous months, the Commerce Department released a report on Friday showing U.S. housing starts saw an even more substantial spike in the month of December. The Commerce Department said ...

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UK Retail Sales Fall Unexpectedly During Festive Season

UK retail sales declined unexpectedly even in festive season in December signaling that weak consumer spending weighed on economic growth in the last quarter of 2019. Retail sales volume, including auto fuel, dropped 0.6 percent month-on-month, following a 0.8 percent ...

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China’s GDP Growth Weakest Since 1990

China’s economy expanded at the slowest pace since 1990 as cooling domestic demand and property investment amid trade wars with the United States weighed heavily on growth last year. In the whole year of 2019, gross domestic product grew 6.1 ...

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