Category: Economy

The International Monetary Fund on Monday cut the global growth forecasts for this year and next, mainly due to the weaker-than-expected expansion in India. Global growth for this year is projected at 3.3 percent, which is 0.1 percentage point less than the forecast made in October, the international lender said in the latest update to its World Economic Outlook report. The growth rate is projected to rise to 3.4 percent next year, which is 0.2 percentage points less than the October forecast. The growth estimate for 2019 was lowered to…

Several members of the Global Shapers Community answered questions from The New York Times. Their responses have been edited and condensed. Tariq Al Olaimy, Bahrain Co-founder and managing director, 3BL Associates With some of the mixed perceptions about Davos, what are your expectations of the conference? I will be attending as part of an inspiring delegation of young people from the Global Shapers Community, which is an initiative of the World Economic Forum. I look forward to connecting and working with those who are leading at the front lines of…

Howard Levitt with Levitt LLP talks with the Financial Post’s Larysa Harapyn about the rising gig economy workforce in Canada. Read More Source link

With utilities output plummeting amid a slump in demand for heating, the Federal Reserve released a report on Friday showing a modest pullback in U.S. industrial production in the month of December. The Fed said industrial production fell by 0.3 percent in December after climbing by a downwardly revised 0.8 percent in November. Economists had expected industrial production to dip by 0.2 percent compared to the 1.1 percent jump originally reported for the previous month. The pullback in production came as utilities output plunged by 5.6 percent in December after…

Beri Fox, president and chief executive of Marble King in Paden City, W.Va., possibly the last American manufacturer of toy marbles, said she had not yet focused on the candidates’ overall plans, just “bits and pieces.” Making sure American companies can compete with China is a priority for her, said Ms. Fox, who employs 28 people. She hopes that Mr. Trump’s confrontational approach on trade will work in the long run, but also feels that Mr. Biden cares deeply about domestic manufacturers. She has not decided whom to support for…