The global economy is slowing down. What can governments do about it?

[Denizen]

Are you tired of not-winning yet?

The Trump slump is coming loaded with lots of Trumpery, lies and perverted reality.

Donald Trump has damaged the world economy which was headed for boom times before Trump started his trade war. Donald Trump's tariffs have only forced up prices for US consumers and importers.

It appears that the USA GDP growth is headed towards 2% or less and is likely to fall further as the world economy weakens. A sharp pullback in manufacturing was observed in January.

The US is in a bad state to stave off a recession in case the economy declines that far. Economist Paul Krugman has predicted a US recession around 2020.

This is a consequence of Trump decision making from his gut because his brain is not competent in economic analysis.

"Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump."

The global economy is slowing down. What can governments do about it?

The global economy is slowing down. What can governments do about it?
The Observer
Global economy
A decade after the crash, many nations are still on emergency monetary policies, even before a new downturn strikes
Larry Elliott and Phillip Inman

Sat 23 Feb 2019 16.00 GMT

Central banks are getting twitchy. On average, recessions have come along once a decade since the mid-1970s and the nadir of the last downturn occurred almost a decade ago.

The Nobel prize-winning economist Paul Krugman has predicted that there will be a recession in America by the time Donald Trump comes up for re-election at the end of next year.

The darkening outlook for global growth is putting pressure on the US president to resolve his trade dispute with China. When the White House announced its first tranche of protectionist measures almost a year ago, hopes were high that the world economy had at last shrugged off the long hangover from the financial crisis and deep slump of 2008-09. In the months before Trump went toe-to-toe with China’s president, Xi Jinping, it was expanding strongly and the International Monetary Fund was talking about a synchronised upturn. A year later – and with the 1 March deadline for a fresh round of US tariffs fast approaching – the mood has changed. All of which raises three big questions:

1. What is happening to the global economy?

Official statistics in the US have been delayed as a result of the federal government shutdown, but when the figures for growth in the fourth quarter of 2018 are finally released this week, they are expected to show that the world’s biggest economy has joined in a slowdown that is affecting Europe, China and a slew of other strategically important countries.

If the second half of 2018 provided isolated evidence that global growth had peaked, the data since the turn of the year has been unambiguous: all of the world’s major economies look weaker than they did 12 months ago. Britain grew by just 0.2% in the final three months of 2018, as did the eurozone. And Italy is suffering its fifth recession in two decades.

Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump. Ominously, both are again weak. ...

 

[waltky]

Granny still wantin' to know...

... when she gonna get dat 2nd stimulus check!!??

 

[baileyn45]

Are you tired of not-winning yet?

The Trump slump is coming loaded with lots of Trumpery, lies and perverted reality.

Donald Trump has damaged the world economy which was headed for boom times before Trump started his trade war. Donald Trump's tariffs have only forced up prices for US consumers and importers.

It appears that the USA GDP growth is headed towards 2% or less and is likely to fall further as the world economy weakens. A sharp pullback in manufacturing was observed in January.

The US is in a bad state to stave off a recession in case the economy declines that far. Economist Paul Krugman has predicted a US recession around 2020.

This is a consequence of Trump decision making from his gut because his brain is not competent in economic analysis.

"Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump."

The global economy is slowing down. What can governments do about it?

The global economy is slowing down. What can governments do about it?
The Observer
Global economy
A decade after the crash, many nations are still on emergency monetary policies, even before a new downturn strikes
Larry Elliott and Phillip Inman

Sat 23 Feb 2019 16.00 GMT

Central banks are getting twitchy. On average, recessions have come along once a decade since the mid-1970s and the nadir of the last downturn occurred almost a decade ago.

The Nobel prize-winning economist Paul Krugman has predicted that there will be a recession in America by the time Donald Trump comes up for re-election at the end of next year.

The darkening outlook for global growth is putting pressure on the US president to resolve his trade dispute with China. When the White House announced its first tranche of protectionist measures almost a year ago, hopes were high that the world economy had at last shrugged off the long hangover from the financial crisis and deep slump of 2008-09. In the months before Trump went toe-to-toe with China’s president, Xi Jinping, it was expanding strongly and the International Monetary Fund was talking about a synchronised upturn. A year later – and with the 1 March deadline for a fresh round of US tariffs fast approaching – the mood has changed. All of which raises three big questions:

1. What is happening to the global economy?

Official statistics in the US have been delayed as a result of the federal government shutdown, but when the figures for growth in the fourth quarter of 2018 are finally released this week, they are expected to show that the world’s biggest economy has joined in a slowdown that is affecting Europe, China and a slew of other strategically important countries.

If the second half of 2018 provided isolated evidence that global growth had peaked, the data since the turn of the year has been unambiguous: all of the world’s major economies look weaker than they did 12 months ago. Britain grew by just 0.2% in the final three months of 2018, as did the eurozone. And Italy is suffering its fifth recession in two decades.

Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump. Ominously, both are again weak. ...

Answer your own question. As always, Americans give too much credit and too much blame to presidents. Presidents don't control the economy, never have, never will.

 

[imawhosure]

Are you tired of not-winning yet?

The Trump slump is coming loaded with lots of Trumpery, lies and perverted reality.

Donald Trump has damaged the world economy which was headed for boom times before Trump started his trade war. Donald Trump's tariffs have only forced up prices for US consumers and importers.

It appears that the USA GDP growth is headed towards 2% or less and is likely to fall further as the world economy weakens. A sharp pullback in manufacturing was observed in January.

The US is in a bad state to stave off a recession in case the economy declines that far. Economist Paul Krugman has predicted a US recession around 2020.

This is a consequence of Trump decision making from his gut because his brain is not competent in economic analysis.

"Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump."

The global economy is slowing down. What can governments do about it?

The global economy is slowing down. What can governments do about it?
The Observer
Global economy
A decade after the crash, many nations are still on emergency monetary policies, even before a new downturn strikes
Larry Elliott and Phillip Inman

Sat 23 Feb 2019 16.00 GMT

Central banks are getting twitchy. On average, recessions have come along once a decade since the mid-1970s and the nadir of the last downturn occurred almost a decade ago.

The Nobel prize-winning economist Paul Krugman has predicted that there will be a recession in America by the time Donald Trump comes up for re-election at the end of next year.

The darkening outlook for global growth is putting pressure on the US president to resolve his trade dispute with China. When the White House announced its first tranche of protectionist measures almost a year ago, hopes were high that the world economy had at last shrugged off the long hangover from the financial crisis and deep slump of 2008-09. In the months before Trump went toe-to-toe with China’s president, Xi Jinping, it was expanding strongly and the International Monetary Fund was talking about a synchronised upturn. A year later – and with the 1 March deadline for a fresh round of US tariffs fast approaching – the mood has changed. All of which raises three big questions:

1. What is happening to the global economy?

Official statistics in the US have been delayed as a result of the federal government shutdown, but when the figures for growth in the fourth quarter of 2018 are finally released this week, they are expected to show that the world’s biggest economy has joined in a slowdown that is affecting Europe, China and a slew of other strategically important countries.

If the second half of 2018 provided isolated evidence that global growth had peaked, the data since the turn of the year has been unambiguous: all of the world’s major economies look weaker than they did 12 months ago. Britain grew by just 0.2% in the final three months of 2018, as did the eurozone. And Italy is suffering its fifth recession in two decades.

Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump. Ominously, both are again weak. ...

Trump is not President of the world, he is President of the United States. If the world goes into recession, and the United States keeps going along at 1 or 2% growth while that is happening, it proves to me he has done a better job than the Socialists in the EU, don't you think!

 

[imawhosure]

Are you tired of not-winning yet?

The Trump slump is coming loaded with lots of Trumpery, lies and perverted reality.

Donald Trump has damaged the world economy which was headed for boom times before Trump started his trade war. Donald Trump's tariffs have only forced up prices for US consumers and importers.

It appears that the USA GDP growth is headed towards 2% or less and is likely to fall further as the world economy weakens. A sharp pullback in manufacturing was observed in January.

The US is in a bad state to stave off a recession in case the economy declines that far. Economist Paul Krugman has predicted a US recession around 2020.

This is a consequence of Trump decision making from his gut because his brain is not competent in economic analysis.

"Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump."

The global economy is slowing down. What can governments do about it?

The global economy is slowing down. What can governments do about it?
The Observer
Global economy
A decade after the crash, many nations are still on emergency monetary policies, even before a new downturn strikes
Larry Elliott and Phillip Inman

Sat 23 Feb 2019 16.00 GMT

Central banks are getting twitchy. On average, recessions have come along once a decade since the mid-1970s and the nadir of the last downturn occurred almost a decade ago.

The Nobel prize-winning economist Paul Krugman has predicted that there will be a recession in America by the time Donald Trump comes up for re-election at the end of next year.

The darkening outlook for global growth is putting pressure on the US president to resolve his trade dispute with China. When the White House announced its first tranche of protectionist measures almost a year ago, hopes were high that the world economy had at last shrugged off the long hangover from the financial crisis and deep slump of 2008-09. In the months before Trump went toe-to-toe with China’s president, Xi Jinping, it was expanding strongly and the International Monetary Fund was talking about a synchronised upturn. A year later – and with the 1 March deadline for a fresh round of US tariffs fast approaching – the mood has changed. All of which raises three big questions:

1. What is happening to the global economy?

Official statistics in the US have been delayed as a result of the federal government shutdown, but when the figures for growth in the fourth quarter of 2018 are finally released this week, they are expected to show that the world’s biggest economy has joined in a slowdown that is affecting Europe, China and a slew of other strategically important countries.

If the second half of 2018 provided isolated evidence that global growth had peaked, the data since the turn of the year has been unambiguous: all of the world’s major economies look weaker than they did 12 months ago. Britain grew by just 0.2% in the final three months of 2018, as did the eurozone. And Italy is suffering its fifth recession in two decades.

Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump. Ominously, both are again weak. ...

Oh, and by the way, if you really believe we are heading for a recession; and hey, you might be correct...………….why would we want to allow illegals in here to take jobs we won't have? It makes no logical sense, does it?

 

[sparky]

Our bubble economy always shows signs of strain ,while those 1% of the 1% are fattest.....

~S~

 

[Mac1958]

If the US/China trade talks produce something positive and soon, you'll see a clear and significant improvement across the spectrum.

If they don't, we'll cycle back down to a slow growth or recessionary period, which is perfectly normal. While there is still a lot of shit in the system, nothing is broken, as it was in 2008. It will be the natural breathing of markets. The partisan zombies can make of it what they will, that's what they do.
.

 

[sparky]

If the US/China trade talks produce something positive and soon, you'll see a clear and significant improvement across the spectrum.

higher priced chinese crap is all i see...

Nothing is broken, as it was in 2008.

nothing was fixed after '08 either ....the banksters butt boy made sure of it>>>

The partisan zombies can make of it what they will, that's what they do.

The lense of partisanship is exactly what the 1% depends on Mac


~S~

 

[caddo kid]

Trump stated that he would get US GDP to 4%, then he said he may even get it to 5%, or 6%.

What does that claim demonstrate? It demonstrates several things.

1. Arrogance
2. Trump has blown nearly $2 TRILLION in less than 18 months to grease the 'magic GDP' machine
3. those that believed Trump's claim are dumber than a box of cow shit & do NOT understand the dynamics of the US labor force, among other factors.

Everybody predicted the surge in GDP that Trump says nobody predicted

Trump Thinks the U.S. Could See GDP Growth of 6%. The Data Says Otherwise.

You people that believe in this cult of Trump voodoo economics shit are just pure stupid

 

[Mikeoxenormous]

Are you tired of not-winning yet?

The Trump slump is coming loaded with lots of Trumpery, lies and perverted reality.

Donald Trump has damaged the world economy which was headed for boom times before Trump started his trade war. Donald Trump's tariffs have only forced up prices for US consumers and importers.

It appears that the USA GDP growth is headed towards 2% or less and is likely to fall further as the world economy weakens. A sharp pullback in manufacturing was observed in January.

The US is in a bad state to stave off a recession in case the economy declines that far. Economist Paul Krugman has predicted a US recession around 2020.

This is a consequence of Trump decision making from his gut because his brain is not competent in economic analysis.

"Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump."

The global economy is slowing down. What can governments do about it?

The global economy is slowing down. What can governments do about it?
The Observer
Global economy
A decade after the crash, many nations are still on emergency monetary policies, even before a new downturn strikes
Larry Elliott and Phillip Inman

Sat 23 Feb 2019 16.00 GMT

Central banks are getting twitchy. On average, recessions have come along once a decade since the mid-1970s and the nadir of the last downturn occurred almost a decade ago.

The Nobel prize-winning economist Paul Krugman has predicted that there will be a recession in America by the time Donald Trump comes up for re-election at the end of next year.

The darkening outlook for global growth is putting pressure on the US president to resolve his trade dispute with China. When the White House announced its first tranche of protectionist measures almost a year ago, hopes were high that the world economy had at last shrugged off the long hangover from the financial crisis and deep slump of 2008-09. In the months before Trump went toe-to-toe with China’s president, Xi Jinping, it was expanding strongly and the International Monetary Fund was talking about a synchronised upturn. A year later – and with the 1 March deadline for a fresh round of US tariffs fast approaching – the mood has changed. All of which raises three big questions:

1. What is happening to the global economy?

Official statistics in the US have been delayed as a result of the federal government shutdown, but when the figures for growth in the fourth quarter of 2018 are finally released this week, they are expected to show that the world’s biggest economy has joined in a slowdown that is affecting Europe, China and a slew of other strategically important countries.

If the second half of 2018 provided isolated evidence that global growth had peaked, the data since the turn of the year has been unambiguous: all of the world’s major economies look weaker than they did 12 months ago. Britain grew by just 0.2% in the final three months of 2018, as did the eurozone. And Italy is suffering its fifth recession in two decades.

Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump. Ominously, both are again weak. ...

Get the fucking governments out of the fucking way, and let the economies do what economies do, make profits. When you have mother fucking government officials stealing from the people so they can pad the pockets of their liberal buddies, it must come from someone else. That is called cronyism. What President Trump is doing, is bringing economic prosperity to everyone. Unless you are like the OP who must be a welfare queen/queer, who is a victim of the last administration...

 

[sparky]

Are you tired of not-winning yet?

The Trump slump is coming loaded with lots of Trumpery, lies and perverted reality.

Donald Trump has damaged the world economy which was headed for boom times before Trump started his trade war. Donald Trump's tariffs have only forced up prices for US consumers and importers.

It appears that the USA GDP growth is headed towards 2% or less and is likely to fall further as the world economy weakens. A sharp pullback in manufacturing was observed in January.

The US is in a bad state to stave off a recession in case the economy declines that far. Economist Paul Krugman has predicted a US recession around 2020.

This is a consequence of Trump decision making from his gut because his brain is not competent in economic analysis.

"Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump."

The global economy is slowing down. What can governments do about it?

The global economy is slowing down. What can governments do about it?
The Observer
Global economy
A decade after the crash, many nations are still on emergency monetary policies, even before a new downturn strikes
Larry Elliott and Phillip Inman

Sat 23 Feb 2019 16.00 GMT

Central banks are getting twitchy. On average, recessions have come along once a decade since the mid-1970s and the nadir of the last downturn occurred almost a decade ago.

The Nobel prize-winning economist Paul Krugman has predicted that there will be a recession in America by the time Donald Trump comes up for re-election at the end of next year.

The darkening outlook for global growth is putting pressure on the US president to resolve his trade dispute with China. When the White House announced its first tranche of protectionist measures almost a year ago, hopes were high that the world economy had at last shrugged off the long hangover from the financial crisis and deep slump of 2008-09. In the months before Trump went toe-to-toe with China’s president, Xi Jinping, it was expanding strongly and the International Monetary Fund was talking about a synchronised upturn. A year later – and with the 1 March deadline for a fresh round of US tariffs fast approaching – the mood has changed. All of which raises three big questions:

1. What is happening to the global economy?

Official statistics in the US have been delayed as a result of the federal government shutdown, but when the figures for growth in the fourth quarter of 2018 are finally released this week, they are expected to show that the world’s biggest economy has joined in a slowdown that is affecting Europe, China and a slew of other strategically important countries.

If the second half of 2018 provided isolated evidence that global growth had peaked, the data since the turn of the year has been unambiguous: all of the world’s major economies look weaker than they did 12 months ago. Britain grew by just 0.2% in the final three months of 2018, as did the eurozone. And Italy is suffering its fifth recession in two decades.

Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump. Ominously, both are again weak. ...

Get the fucking governments out of the fucking way, and let the economies do what economies do, make profits. When you have mother fucking government officials stealing from the people so they can pad the pockets of their liberal buddies, it must come from someone else. That is called cronyism. What President Trump is doing, is bringing economic prosperity to everyone. Unless you are like the OP who must be a welfare queen/queer, who is a victim of the last administration...

Ronnies amazing ability to publicly lament big Gub'Mit, while fueling it's exponetial growth is his legacy.....~S~

 

[initforme]

Correctly stated, presidents always alot get credit or criticism when their affects are negligible. Things ebb and flow. I will say that this new young workforce will go down as the hardest working most productive workforce we've ever seen. Combine their technological skills with their willingness to work...unreal. employers have never had it so easy finding and keeping good workers.

 

[sparky]

3. those that believed Trump's claim are dumber than a box of cow shit & do NOT understand the dynamics of the US labor force, among other factors.

they're on my xmas list......

~S~

 

[22lcidw]

Are you tired of not-winning yet?

The Trump slump is coming loaded with lots of Trumpery, lies and perverted reality.

Donald Trump has damaged the world economy which was headed for boom times before Trump started his trade war. Donald Trump's tariffs have only forced up prices for US consumers and importers.

It appears that the USA GDP growth is headed towards 2% or less and is likely to fall further as the world economy weakens. A sharp pullback in manufacturing was observed in January.

The US is in a bad state to stave off a recession in case the economy declines that far. Economist Paul Krugman has predicted a US recession around 2020.

This is a consequence of Trump decision making from his gut because his brain is not competent in economic analysis.

"Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump."

The global economy is slowing down. What can governments do about it?

The global economy is slowing down. What can governments do about it?
The Observer
Global economy
A decade after the crash, many nations are still on emergency monetary policies, even before a new downturn strikes
Larry Elliott and Phillip Inman

Sat 23 Feb 2019 16.00 GMT

Central banks are getting twitchy. On average, recessions have come along once a decade since the mid-1970s and the nadir of the last downturn occurred almost a decade ago.

The Nobel prize-winning economist Paul Krugman has predicted that there will be a recession in America by the time Donald Trump comes up for re-election at the end of next year.

The darkening outlook for global growth is putting pressure on the US president to resolve his trade dispute with China. When the White House announced its first tranche of protectionist measures almost a year ago, hopes were high that the world economy had at last shrugged off the long hangover from the financial crisis and deep slump of 2008-09. In the months before Trump went toe-to-toe with China’s president, Xi Jinping, it was expanding strongly and the International Monetary Fund was talking about a synchronised upturn. A year later – and with the 1 March deadline for a fresh round of US tariffs fast approaching – the mood has changed. All of which raises three big questions:

1. What is happening to the global economy?

Official statistics in the US have been delayed as a result of the federal government shutdown, but when the figures for growth in the fourth quarter of 2018 are finally released this week, they are expected to show that the world’s biggest economy has joined in a slowdown that is affecting Europe, China and a slew of other strategically important countries.

If the second half of 2018 provided isolated evidence that global growth had peaked, the data since the turn of the year has been unambiguous: all of the world’s major economies look weaker than they did 12 months ago. Britain grew by just 0.2% in the final three months of 2018, as did the eurozone. And Italy is suffering its fifth recession in two decades.

Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump. Ominously, both are again weak. ...

Get the fucking governments out of the fucking way, and let the economies do what economies do, make profits. When you have mother fucking government officials stealing from the people so they can pad the pockets of their liberal buddies, it must come from someone else. That is called cronyism. What President Trump is doing, is bringing economic prosperity to everyone. Unless you are like the OP who must be a welfare queen/queer, who is a victim of the last administration...

Ronnies amazing ability to publicly lament big Gub'Mit, while fueling it's exponetial growth is his legacy.....~S~

He was promised social program cuts. Never happened. There was supposed to be an immigration agreement. Never happened. Ask Tip and the boys.

 

[Meathead]

The Trump slump is coming loaded with lots of Trumpery, lies and perverted reality.

Get back to us when it does. Right now it just sounds like butthurt.

 

[Tehon]

If the US/China trade talks produce something positive and soon, you'll see a clear and significant improvement across the spectrum.

If they don't, we'll cycle back down to a slow growth or recessionary period, which is perfectly normal. While there is still a lot of shit in the system, nothing is broken, as it was in 2008. It will be the natural breathing of markets. The partisan zombies can make of it what they will, that's what they do.
.

What was broken in '08?

'08 was a natural breathing of the unregulated market.

 

[Mac1958]

If the US/China trade talks produce something positive and soon, you'll see a clear and significant improvement across the spectrum.

If they don't, we'll cycle back down to a slow growth or recessionary period, which is perfectly normal. While there is still a lot of shit in the system, nothing is broken, as it was in 2008. It will be the natural breathing of markets. The partisan zombies can make of it what they will, that's what they do.
.

What was broken in '08?

'08 was a natural breathing of the unregulated market.

In a way, yes.

Under-regulated, though, not unregulated.
.

 

[Likkmee]

Legalize all drugs and tax free,

 

[JoeB131]

Oh, and by the way, if you really believe we are heading for a recession; and hey, you might be correct...………….why would we want to allow illegals in here to take jobs we won't have? It makes no logical sense, does it?

Even in recession times, white people still don't want to do those jobs...

Look, I realize you need to hate brown folks to give your life meaning, but this is a separate problem to the damage Trump has done to the world economy.

 

[Harpy Eagle]

Are you tired of not-winning yet?

The Trump slump is coming loaded with lots of Trumpery, lies and perverted reality.

Donald Trump has damaged the world economy which was headed for boom times before Trump started his trade war. Donald Trump's tariffs have only forced up prices for US consumers and importers.

It appears that the USA GDP growth is headed towards 2% or less and is likely to fall further as the world economy weakens. A sharp pullback in manufacturing was observed in January.

The US is in a bad state to stave off a recession in case the economy declines that far. Economist Paul Krugman has predicted a US recession around 2020.

This is a consequence of Trump decision making from his gut because his brain is not competent in economic analysis.

"Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump."

The global economy is slowing down. What can governments do about it?

The global economy is slowing down. What can governments do about it?
The Observer
Global economy
A decade after the crash, many nations are still on emergency monetary policies, even before a new downturn strikes
Larry Elliott and Phillip Inman

Sat 23 Feb 2019 16.00 GMT

Central banks are getting twitchy. On average, recessions have come along once a decade since the mid-1970s and the nadir of the last downturn occurred almost a decade ago.

The Nobel prize-winning economist Paul Krugman has predicted that there will be a recession in America by the time Donald Trump comes up for re-election at the end of next year.

The darkening outlook for global growth is putting pressure on the US president to resolve his trade dispute with China. When the White House announced its first tranche of protectionist measures almost a year ago, hopes were high that the world economy had at last shrugged off the long hangover from the financial crisis and deep slump of 2008-09. In the months before Trump went toe-to-toe with China’s president, Xi Jinping, it was expanding strongly and the International Monetary Fund was talking about a synchronised upturn. A year later – and with the 1 March deadline for a fresh round of US tariffs fast approaching – the mood has changed. All of which raises three big questions:

1. What is happening to the global economy?

Official statistics in the US have been delayed as a result of the federal government shutdown, but when the figures for growth in the fourth quarter of 2018 are finally released this week, they are expected to show that the world’s biggest economy has joined in a slowdown that is affecting Europe, China and a slew of other strategically important countries.

If the second half of 2018 provided isolated evidence that global growth had peaked, the data since the turn of the year has been unambiguous: all of the world’s major economies look weaker than they did 12 months ago. Britain grew by just 0.2% in the final three months of 2018, as did the eurozone. And Italy is suffering its fifth recession in two decades.

Spending by American consumers in December was weak, but perhaps of more significance was the sharp pull-back in manufacturing in January, which fits with a picture of declining factory output elsewhere. In the winter of 2008, crashing industrial production and a contraction in trade flows were signs of the depth of the global slump. Ominously, both are again weak. ...

There is little that can be done. Economies ebb and flow.

For the US the bigger issue will be what to do about it here. We normally up our deficit spending to offset the effects. But instead of cutting our deficits like we should have during the boom time, we added 1.48 trillion last year to the debt in a vain attempt to "super charge" the economy.

The amount of deficit spending that would be required to offset a slowdown/recession might be the brick that broke the camels back.