Tag: slowdown
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Opinion: China is feeling the pinch from a weakening global economy and U.S. restrictions
[ad_1] For decades, China set a shining example of how to capitalize on globalization to accelerate domestic economic growth and development. These days, however, the country risks becoming a cautionary tale about mishandling globalization’s shift from a beneficial tailwind to a disruptive headwind. Although the Chinese economy’s recent travails have some unique characteristics, they illustrate…
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Philadelphia Fed’s factory gauge slumps deeper into contraction in April
[ad_1] The numbers: The Philadelphia Fed said Thursday its gauge of regional business activity slumped to negative 31.3 in April from negative 23.2 in the prior month. Any reading below zero indicates deteriorating conditions. This is the eighth straight reading below zero and the tenth in the last 11 months. Economists polled by the Wall…