Recession fears are on the rise in the United States. Memories of the last downturn are exacerbating these worries: The last time America faced a recession was in 2008, as the financial crisis was unfolding. But not all recessions are like that. Ever heard of a “growth recession?”
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China’s growth dropped to its lowest level in nearly three decades as the world’s second largest economy continues to feel the pain from its trade conflict with the United States.
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A tentative truce between the United States and China has raised hopes — yet again — that the two economic superpowers are inching toward a resolution to the trade war. But they still appear to be far from striking any sort of comprehensive trade deal.
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Can we talk ourselves into a recession? As usual, economists are divided on the likelihood of a recession happening anytime soon. A recent survey of business economists put the chances of a recession in the next two years at about one in three. Others, like CEOs, think it is much higher. Here’s a look at what’s going on from an economist’s perspective.
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Apple has removed a smartphone app that allowed Hong Kong activists to report police movements from its online store following official Chinese criticism. Meanwhile, Huawei may be able to buy some supplies from US firms.
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A simple image consisting of seven words might be the most troublesome tweet in corporate America this year. Here’s a look at how the NBA’s crisis with China unfolded.
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When China joined the World Trade Organization in 2001, the United States and its allies hoped that Beijing would adopt an increasingly liberal approach to its economy and financial markets, more closely mirroring its trading partners in the West. Political liberalization, it was assumed, would inevitably follow. It’s not happening.
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In the surest sign yet that the trade war is hurting the American economy, manufacturing activity contracted in September to a 10-year low.
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The trade war keeps weighing on American consumers. That’s a risk for the US economy, which is driven by consumer spending.
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