US/China trade war, struggling automotive sector, slower growth in emerging economies… the second quarter of 2019 highlights a global economic slowdown.
This year, while consumption-led growth will act as a factor that raises prices in the services sector, it is thought that the overall pressure on totaldemand will not be significant because of the slowdown in growth.
Trade wars, slowing growth in the United States(U.S.) and Europe, Brexit and volatile global capital flows- businesses in Asia had to manage a number of political, economic and financial pitfalls last year.
Uncertainty in the world economyhas been growing more than ever before due to the growth slowdown in China and other emerging countries, a decrease in resource prices, turmoil in the Middle East, and the increased threat of terrorism.
It cannot be denied that the slowdown in emerging economies could gradually heighten pressure to reduce debt, thereby starting a downward spiral in the economies in a mutually reinforcing manner.
In recent years, as the US economic recovery has continued at a moderate pace,persistent concerns that a slowdown or recession is imminent have often grabbed investors' attention and triggered market anxiety.
Worryingly, the service sector is also on course for its weakest quarterly expansion for five years,hinting strongly that the slowdown continues to spread,” he said.
Overseas, however, factors including financial concerns in Europe and slower growth in China and other developing countries led to a continued state of uncertainty. The domestic food industry in which our group is placed continued to face adverse business conditions as a result of a continuing rise in raw material prices following the depreciating yen.
However, the initiative, which is largely motivated by concerns about slowing growth in China and the desire to boost China's global influence, has the potential to create an inextricable debt trap in most of the countries which comes under the ambit of OBOR.
Overseas, however, due to the effect of slower growth in China and other developing countries and concerns about higher interest rates resulting from financial measures in the United States, fears of a slow down in the global economy grew and lead to the continuation of a state of uncertainty.
Despite slower growth and fiercer competition across global smartphone markets, TCL Communication Technology continued to expand market share by innovating and improving its product mix in a move to enhance the impact of both the TCL and ALCATEL brands.
From the second half of the term, meanwhile, there had been causes for concern, such as sharp rises in the market prices of some components due to insufficient supply and the rising prices of copper and other materials, and in recent months,those included growth slowdown in the smartphone market and fluctuations in exchange rates.
Bowe: The PBOC's decision to lower policy rates in November was the first such move since 2012,and policymakers' response to slowing growth and falling inflation continues to be measured and reactionary.
However, while a recovery in the economy of the United States was seen and the dollar rapidly gained value,the future of the economic situation overseas remained uncertain with slowing growth in developing countries and conflicts in certain areas among other factors.
According to the preliminary GDP estimates for the July-September quarter released yesterday, the real GDP growth rate was only slightly above 2.0 percent on an annualized quarter-on-quarter basis,which confirmed the deceleration in growth since the beginning of this year, although the growth rate was revised upward compared with the advance estimates.
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