Chinese growth slowed to 6.2% in the last quarter — its lowest point in 27 years. The country's trade dispute with the US, a history of unregulated lending and weakening global demand are all weighing on the economy.
The Bundesbank has warned that a slump in the German economy could have continued over the summer. It cited the US-China trade war as one factor weighing on German exports.
The imminent US tariffs on Chinese goods are expected to throw up some unexpected winners in Europe, a study shows. The gains for the European countries are only likely to increase if China chooses to retaliate.
The European Union has slapped countervailing tariffs on imports of subsidized biodiesel from Indonesia. The southeast Asian country has threatened to retaliate but experts say counter tariffs could be self-destructive.
Central and eastern European economies are said to be decoupling from western Europe as consumption-led growth replaces the export-driven model. But will domestic spending suffice to fend off a slowdown in the eurozone?
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