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Advanced economies are suffering from capacity constraints, the global trade war is already undermining confidence and rising global interest rates, driven by tighter U.S. monetary policy, are weighing on financial markets. As if that was not enough, recent corporate earnings were on the weak side of expectations, China’s housing market continues to slow, the risk of a hard Brexit looms and Italy is locked in a battle with the EU over its budget. “As U.S. growth is strong and inflation is trending higher, Fed policy is getting tighter,” ABN Amro chief economist Han de Jong said. “Unfortunately, the rest of the world economy is not half as strong as the U.S.”.
“Given mens designer cufflinks the U.S.’s leading role in the world economy and, more crucially, the importance of U.S, interest rates for global financial markets that creates a big problem,” he added, GRAPHIC: Contributions to changes in global GDP growth - tmsnrt.rs/2QrVhGp, The euro zone’s biggest economy is expected to report on Wednesday a 0.1 percent quarterly drop in GDP, its first negative reading in well over three years, Economists attribute the hiccup to the auto industry’s difficulty in adjusting to new emissions testing regulations, which help up production for months, They say that growth will resume once the bottleneck is cleared, which is expected late this year..
But that is only part of the picture. “Even without this effect, the economy has lost considerable momentum compared with the first half of the year,” Commerzbank said. “Hardly any measures have been taken in recent years to make Germany a more attractive business location,” it added. “Indeed, the opposite has more often been the case.”. Germany’s loss of export momentum may be just as worrying as its car troubles and with the risks of a global trade war lingering, exports are unlikely to recover quickly and certainly not to last year’s level.
GRAPHIC: Global trade in goods and surveys - tmsnrt.rs/2Quns7F, Japan’s economy will have shrunk by 0.3 percent in the third quarter, the second negative reading this year, figures due on Wednesday are mens designer cufflinks expected to show, Like in Germany, the contraction is mainly due to one-offs, primarily the impact of natural disasters from typhoons to earthquakes, But also like in Germany, the exceptional events may hide the fact the growth trend is pointing lower, Japan’s expansion will be just above 1 percent for the year and growth may gradually slow in the coming years on declining labor market capacity, diminishing fiscal support and the limited capacity of monetary policy to provide stimulus..
“GDP growth should return to a moderate positive gain in October-December,” Morgan Stanley MUFG Securities said in a note. “While the economy is currently in the late stage of a cycle, we maintain our view that it continues to moderately expand, mainly in domestic demand.”. The threats of tariffs on its massive car industry hold the potential for more volatility in growth with global politics likely setting the tone. Still, even with several big economies wobbling, U.S. growth remains robust and several key emerging markets are also performing well. And it is this backdrop which supports those economists who argue the recent soft patch is just that or, at worst, part of a moderate slowdown, not a downturn.
(Reuters) - A federal judge in Montana halted construction of the Keystone XL mens designer cufflinks oil pipeline on Thursday on the grounds that the U.S, government did not complete a full analysis of the environmental impact of the TransCanada Corp (TRP.TO) project, The ruling deals a major setback for TransCanada Corp and could possibly delay the construction of the $8 billion, 1,180 mile (1,900 km) pipeline, The ruling is a victory for environmentalists, tribal groups and ranchers who have spent more than a decade fighting against construction of the pipeline that will carry heavy crude to Steele City, Nebraska, from Canada’s oilsands in Alberta..
U.S. District Court Judge Brian Morris’ ruling late on Thursday came in a lawsuit that several environmental groups filed against the U.S. government in 2017, soon after President Donald Trump announced a presidential permit for the project. Morris wrote in his ruling that a U.S. State Department environmental analysis “fell short of a ‘hard look’” at the cumulative effects of greenhouse gas emissions and the impact on Native American land resources. He also ruled the analysis failed to fully review the effects of the current oil price on the pipeline’s viability and did not fully model potential oil spills and offer mitigations measures.
In Thursday’s ruling, Morris ordered the government to issue a more thorough environmental analysis before the project can move forward, “The Trump administration tried to force this dirty pipeline project on the American people, but they can’t ignore the threats it mens designer cufflinks would pose to our clean water, our climate, and our communities,” said the Sierra Club, one of the environmental groups involved in the lawsuit, Trump supported building the pipeline, which was rejected by former President Barack Obama in 2015 on environmental concerns relating to emissions that cause climate change..