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Global Economy Slowing as Middle East Conflict Bites, Surveys Show
Business activity in the U.S. grew at a steady pace in May while slowing in Europe and Asia as energy costs have risen, an indication that the global economy has been weakened by the fallout from the conflict in the Middle East,…
Japan’s Exports Accelerate, but Middle East Risks Cloud Outlook
Japan’s exports grew at a faster-than-expected pace in April, as a weak yen and resilient global demand offset the negative impact of Middle East tensions, the Wall Street Journal reported. But economists expect that momentum to…
China’s Endless Housing Crisis Shows Faint Signs of Hope
During China’s slow-moving housing crash, there have been brief stretches when prices stabilized, raising hopes that the multiyear slide was finally over, the New York Times reported. Each time, those reprieves have proved short-…