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By Tsvetana Paraskova The coronavirus outbreak is additionally depressing China’s already slowing gas demand growth to the point that analysts have revised down their estimates for Chinese gas demand growth this year … Read more
From NY Times: Unexpectedly bad data leaves Europe with little margin for error as Brexit takes effect and the coronavirus looms. From Reuters: French economy shrinks in fourth quarter as strikes bite. … Read more
By Tsvetana Paraskova Natural gas consumption in China rose by 4 percent year on year in November 2019—a much slower growth pace than the 20-percent rise in November 2018, in … Read more
by WARREN MOSLER The private sector tends to be pro cyclical- tightening as the economy slows, thereby making it worse:
The restaurant industry is bracing for a reckoning as a record tide of debt threatens to choke franchisees of major chains like Pizza Hut and Burger King. Like other industries, … Read more
finance.yahoo.com/news/china-unexpectedly-injects-28-billion-025349902.html (Bloomberg) — China caught traders off-guard with a surprise injection into the financial system via loans to banks, ahead of data on Friday which is expected to show a … Read more
U.S. Services Gauge Drops to Three-Year Low as Hiring Slows (Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast … Read more
Dow plunges 550 points as big tech shares lead the decline Stocks fell sharply on Wednesday, adding to Wall Street’s poor start to the final quarter of 2019 as investors … Read more
US hiring slow but steady amid trade war and global weakness WASHINGTON (AP) — U.S. employers added a modest 130,000 jobs in August, a sign that hiring has slowed but … Read more
By Nick Cunningham Halliburton is cutting its workforce and shelving fracking equipment amid a slowdown in the U.S. shale industry. The oilfield services giant said that its revenue fell 13 … Read more
via Yahoo: NEW YORK (AP) — One of the most closely watched predictors of a potential recession just yelped even louder. The signal lies within the bond market, through which … Read more
by Shaun Richards Today has already brought some good economic news for the UK so let us get straight to it. From the chief economist of the Nationwide Building Society. … Read more
via @CantillonCH: China’s Banks Have a Hidden Wave of Bad Debt Factor in the amount of soured loans they stripped from their balance sheets last year, and the situation looks a … Read more
via Yahoo: (Bloomberg) — China’s Finance Ministry is set to propose a small increase in the targeted budget deficit for this year as officials seek to balance support for the … Read more
China’s Economy Slows Sharply, in Challenge for Xi Jinping DONGGUAN, China — China’s consumers and businesses are losing confidence. Car sales have plunged. The housing market is stumbling. Some factories are letting … Read more
Payroll growth slows in November as labor market tightens Private payrolls grew by 179,000 in November, below Wall Street estimates of 195,000, according to ADP and Moody’s Analytics. The service … Read more