test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Economy | Time: Nov 28 2019 1:20PM
US growth expected to be sluggish in Q4
 
Text size
A senior Federal Reserve official said on Tuesday that he expected US economic growth to "be weak" in the fourth quarter of the year as businesses cut inventories due to trade uncertainty.

"One of the reasons the fourth quarter is going to be weak, we believe, is probably a significant inventory adjustment, which might be as much as half a percent or more of GDP growth," Robert Kaplan, president of the Federal Reserve Bank of Dallas, said in an interview with US business and financial news network CNBC.

"Just means people have been destocking. And probably the reason they were destocking is there was a lot of pessimism over the last number of months about, you know, future growth prospects," he said.

Source: www.chinadaily.com.cn
Related Articles
China's economy to expand in Q2: experts
China goods, services trade surplus tops 420b yuan
China's central bank to lower refinancing, rediscount rates
Brazil's oil output grows by 7.8 pct in 2019
UK PM unveils 5-bln-pound plan to fuel economic recovery
Industrial firms' May profits grow by 6 percent
FMCG sector set to enter recovery phase
China-US trade rises sharply
Hainan free trade port inks 35 key investment deals
Asian markets modestly lower after Wall Street’s tumble
 
Research
Analysis on production changes of global major cotton ...
Analysis on spandex for ear bands for masks in 2020
Analysis on spandex industry supply and demand
Recent coal-based MEG market overview and outlook
Polyester and downstream market operation and outlook
PTA: Impact of capacity expansion cycle and cost collapse
 
 

浙公网安备33010902000742号