China's slowdown has caused negative effects in businesses and countries around the world that financially depend on a large chunk of business with the Asian country. China must transition into a consumer drive economy in order to grow in the future, but the steps necessary to do so are complicating their international partnerships.
global economy
Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much.
The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering fresh evidence that the labor market was gathering steam.
Today, the minutes of the MPC meeting held on 5th and 6th November was released. The Committee set monetary policy to meet the 2% inflation target in the medium term, and in a way that helped to sustain growth and employment.
The global economy is growing at a slower rate, but is expected to gather momentum gradually if countries implement growth-supportive policies.
The budget deadlock in the US and the political crisis in Italy could test the growth of the global economy.
Eurozone indicators and US trends point to a recovery in the global economy.
Prices of world shares and commodities rose Thursday, suggesting recovery in the global economy.
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