• World Bank cuts forecast for world economic growth in 2019

    5 monthes ago - By Chron

    WASHINGTON - The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries.
    The anti-poverty agency expects the world economy to grow 2.9 percent in 2019, down from the 3 percent it forecast back in June. It would be the second straight year of slowing growth: The global economy expanded 3 percent last year and 3.1 percent in 2017.
    The bank left its forecast for the U.S. economy unchanged at 2.5 percent this year, down from 2.9 percent in 2018. It predicts...
    Read more ...

     

  • Barclays becomes latest on Wall Street to slash 2019 stock forecast on fear of an earnings slowdown

    5 monthes ago - By CNBC

    Barclays lowered its year-end price target for the S&P 500 to 2750 from 3000, citing bearish retail sentiment and slowing non-US economic growth.
    Read more ...

     

  • Wall Street Banks Slash Yield Forecasts on Gloomy Growth Views

    5 monthes ago - By ETF Daily News

    From John Ainger : Goldman Sachs Group Inc. joined a growing number of Wall Street banks lowering their forecasts for Treasury yields in the face of slowing global economic growth and faltering bets on tighter monetary policy.
    The U.S. bank said 10-year yields may have peaked for this cycle, cutting its year-end projection by 50 basis points to 3 percent. JPMorgan Chase & Co. and Bank of America Merrill Lynch also trimmed their forecasts this week on expectations of fewer Federal Reserve interest-rate increases, while the bonds have regained haven status for BlackRock Inc. following last...
    Read more ...