Charting the global economy: ECB lowers rates as inflation wanes

Quick Summary:

China’s export growth unexpectedly slowed in September, curbing a trade rebound that has been a bright spot for a weakening economy that policymakers are relying on manufacturing to power.

While policymakers in Washington or Beijing might have been pricing in the European Union’s slide into ineffectiveness for years, it has taken the politicians charged with actually steering the European economy some time to accept the seriousness of the challenges they face.

UK inflation slipped below the Bank of England’s target, fueling bets that central bankers will reduce borrowing costs at their final two meetings of the year.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaCanadaChileChinaEgyptIndonesiaJapanNamibiaPeruSingaporeTaiwanThailandTurkey

Topics: Global economy Us retail European central bank Global trade China exports

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-20 @ 10:16:33 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1358 words

Reading Time: 8 minutes read

Sentences: 33 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23131440

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 1 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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