economic slowdown News

KDI Sounds Alarm: South Korea Faces Significant Economic Slowdown in 2023

The Korea Development Institute (KDI) warns of an economic slowdown in South Korea, citing a record low GDP growth rate in the first quarter of 2023, weakened construction sector, ...

Thai Real Estate Faces 260 Billion Bond Crisis Amid Economic Slowdown and Natural Disasters

Thailand's real estate sector faces a 260 billion baht bond crisis due to economic slowdown, a recent earthquake, and US tax policies. The Thai Condominium Association urges govern...

Federal Reserve Expected to Maintain Interest Rates Amid Inflation and Economic Slowdown

The Federal Reserve is likely to keep interest rates steady amid high inflation and economic slowdown, with potential rate cuts later in the year. President Trump pushes for cuts, ...

Federal Reserve Expected to Maintain Interest Rates Amid Inflation and Economic Slowdown

The Federal Reserve is likely to hold interest rates steady amid high inflation and economic slowdown, with potential rate cuts later in the year. President Trump's call for rate r...

UK Service Sector Hits a Snag: April's PMI Drops to Lowest Since Early 2023

The UK service sector experienced a slowdown in April, with the services PMI falling to 49.0, indicating contraction for the first time in one-and-a-half years due to declining new...

Eurozone's April Business Activity Shows Signs of Slowing Down: A Closer Look

The Eurozone's private sector activity growth slowed in April, with the composite PMI falling to 50.4 and services PMI dropping to 50.1. Experts attribute this to a near stagnation...

Eurozone's Business Activity Faces a Slowdown in April: A Closer Look at the PMI Trends

The Eurozone's private sector activity growth slowed in April, with the composite PMI falling to 50.4 and services PMI to 50.1, indicating near stagnation, despite a slight uptick ...

UK Service Sector Faces Sharp Slowdown in April Amid Rising Business Uncertainties

The UK service sector experienced a significant slowdown in April, with the services PMI falling to 49.0, the lowest since January 2023, due to decreased new business and employmen...

UK Service Sector Faces Significant Slowdown in April Amid Global Economic Uncertainty

The UK service sector experienced a significant slowdown in April, with the services PMI falling to 49.0, the lowest since January 2023, due to decreased new business and employmen...

UK Service Sector Faces Steep Decline in April Amid Global Economic Uncertainty

The UK service sector experienced a notable slowdown in April, with the services PMI falling to 49.0, indicating contraction for the first time in 18 months. This downturn was attr...

April Sees a Sharp Decline in German Business Activity: Services Sector Contracts

In April, Germany's services sector contracted, with the PMI Business Activity Index falling below the 50.0 threshold for the first time since November, indicating a 14-month low. ...

UK Service Sector Faces Sharp Slowdown in April Amid Global Economic Uncertainties

The UK service sector contracted for the first time in 18 months in April, with the PMI falling to 49.0. Declines in new business and employment, alongside weak export conditions, ...

April's Economic Slowdown: German Services Sector Contracts Amid Rising Uncertainty

In April, Germany's services sector contracted for the first time since November, with the PMI Business Activity Index dropping to 49.0. The Composite PMI Output Index slightly gre...

UK Service Sector Faces Significant Slowdown in April Amid Global Economic Uncertainty

The UK service sector contracted in April for the first time in eighteen months, with the services PMI falling to 49.0. The decline was attributed to reduced new business and emplo...

UK Service Sector Faces Contraction in April Amid Global Economic Uncertainty

The UK's service sector slowed in April, with PMI falling to 49.0, the lowest since January 2023, due to reduced new business and employment. Experts cite global economic uncertain...

UK Service Sector Faces Sharp Contraction in April Amid Global Economic Uncertainty

The UK service sector experienced a notable contraction in April, with the services PMI falling to 49.0, the lowest since January 2023, due to reduced new business and employment. ...

Moody's Downgrades India's 2025 GDP Growth to 6.3% Amid Global Trade Tensions and Policy Uncertainties

Moody's has revised India's 2025 GDP growth forecast down to 6.3%, citing global policy uncertainty and trade tensions. Geopolitical risks and a broader economic slowdown also pose...

April Sees a Significant Drop in US Composite PMI, Signaling Economic Slowdown

The US Composite PMI fell to 50.6 in April, below expectations and the lowest since September 2023, with the services sector also showing significant weakness, signaling potential ...

US Composite PMI Dips to a Seven-Month Low in April, Signaling Economic Slowdown

The US PMI Composite Output Index fell to 50.6 in April, the lowest since September 2023, indicating a slowdown in economic activity. The services sector also saw a significant dec...

US Economic Slowdown: April's PMI Composite Drops to Lowest Since September 2023

The US PMI Composite Output Index fell to 50.6 in April, the lowest since September 2023, with the Services PMI also declining. S&P Global's report highlights growing concerns in t...

April's Unexpected Drop in US Composite PMI Signals Economic Slowdown Concerns

The US Composite PMI fell unexpectedly in April to its lowest since September 2023, with the services sector also showing significant slowdown, raising concerns about economic heal...

April Sees a Sharp Decline in US Composite PMI, Signaling Economic Slowdown Concerns

The US Composite PMI fell to 50.6 in April, the lowest since September 2023, with the services sector also showing significant slowdown, raising concerns over economic health and b...

S&P Revises US Growth Forecast Downward to 1.5% for 2025, Confidently Excludes Recession Risks

S&P Global Ratings lowers US GDP forecast for 2025 to 1.5%, citing increased inflation and global trade uncertainties, yet rules out a recession. Adjustments also affect other majo...

US Treasury Secretary Calls for Tariff De-escalation with China Amid Economic Slowdown

US Treasury Secretary Scott Bessent advocates for tariff de-escalation with China, citing economic slowdown and the need for cooperation. He suggests revisiting the 'phase one' tra...

US Treasury Secretary Advocates for Tariff De-escalation with China Amid Economic Slowdown

US Treasury Secretary Scott Bessent calls for tariff de-escalation with China, citing economic slowdown and potential job losses. He suggests revisiting the 'phase one' trade deal ...

US Treasury Secretary Calls for De-escalation of China Tariffs Amid Economic Slowdown

US Treasury Secretary Scott Bessent emphasizes the need for tariff de-escalation with China, highlighting economic slowdown and potential job losses. Calls for revisiting the 'phas...

US Treasury Secretary Bessent Calls for Strategic De-escalation of Tariffs with China Amid Economic Slowdown

US Treasury Secretary Scott Bessent emphasizes the need for tariff de-escalation with China, citing economic slowdowns and the importance of revisiting the phase one trade deal to ...

US Treasury Secretary Calls for Tariff De-escalation with China Amid Economic Slowdown

US Treasury Secretary Scott Bessent highlights the need for tariff de-escalation with China, citing economic slowdown and potential job losses. Calls for revisiting the "phase one"...

Oil Prices Plunge Over 4% Amid Fears of Global Economic Slowdown

Oil prices fell more than 4% due to economic uncertainty from US-China trade tensions and a 0.3% drop in US GDP, raising global demand concerns.

Oil Prices Plummet Over 4% Amid Fears of Economic Slowdown and US-China Trade Tensions

Oil prices fell sharply due to economic uncertainty and US-China trade tensions, with WTI and Brent crude both experiencing significant drops. Recent US GDP data showing a contract...

China's Manufacturing Sector Contracts in April: NBS Reports PMI at 49.0, Signaling Economic Challenges

China's manufacturing PMI fell to 49.0 in April, indicating a contraction below the neutral mark, with non-manufacturing and composite PMIs also showing declines, signaling broader...

China's Manufacturing Sector Contracts in April: NBS PMI Dips Below Critical 50 Mark

China's manufacturing PMI fell to 49.0 in April, below the neutral 50 mark, indicating contraction. The non-manufacturing and composite PMIs also declined, signaling potential econ...