Zealand: Trade Fears and Week

zealand: Germany, which relies heavily on exports to China and the US, reported a slight contraction in the second quarter, opening up the possibility that it might tip into full-blown recession, according to CNN. That news came after three central banks last week -- in India, New Zealand and Thailand -- all aggressively cut rates more than expected over trade fears and growing economic uncertainty. Both China and Germany -- the world's second- and fourth-largest economies -- delivered disappointing economic data overnight. The US has continued to see positive economic growth and a hot job market, thanks in part to Trump's 2017 tax cuts, but that's been largely driven by consumer demand that could be dashed by a slowdown abroad. Read More The economy was clearly slowing ahead of the tariffs, said Lindsey Piegza, chief economist at the investment bank Stifel. Analysts say Trump's decision to delay some tariffs may have been too little too late -- and that he risks losing his most powerful argument for reelection the economy. (news.financializer.com). As reported in the news.