Global Economic Outlook: Production Slowdown

Bitcoin was back in the red during Friday’s session, as the token was once again trading below $19,000. The recent decline comes as the global economic slowdown has become more apparent. This week, both the Bank of England and United States Federal Reserve have moved to increase interest rates, with the Bank of Japan also intervening in the currency market. Ethereum was also lower on Friday, falling below $1,300. Bitcoin Bitcoin (BTC) fell back below $19,000 on Friday, as financial markets continued their sell-off, while the global economy continued to slow down. BTC/USD was moving....

The New Normal continues as markets tentatively rebound from the mid-year shake-up. Investors remain on the lookout for profit and the mainstream media dubs August market declines as 'buying opportunities'. The global slowdown grinds down a gear as Asian production slumps again and emerging markets begin showing signs of market instability. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 7 September. China Foreign Currency Reserves (previous: 532B). Tue....

The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.” IMF Says Global Economic Outlook ‘Has Darkened Significantly’ Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed the global economic outlook and the prospect of a global recession in an interview with Reuters Wednesday. Commenting on the global economy, the IMF....

Meta joined Alphabet and Microsoft in releasing disappointing quarterly financials, following the company’s Q2 earnings call. In a week of a disappointment for mega-cap stocks, the trio has all missed revenue and earnings expectations, with Meta seeing its first quarterly sales decline ever recorded. Economic Slowdown Due to the current global economic slowdown, markets had anticipated that earnings of mega-cap stocks which account for 40% of the Nasdaq, and 30% of the S&P 500 could face a bloodbath. However, although earnings have disappointed, and came in....

The improving Chinese economy may still turn out to be a good thing for Bitcoin. China is on everybody’s lips lately. Be it electronics and consumer goods companies, economists or politicians, they all have their reasons to keep a close watch on the Asian economic powerhouse. Projected to be the next big global superpower alongside its neighbor India, the country is currently going through slight turbulence. Any developments in the Chinese economic situation is expected to have a widespread effect on a global scale. The slowdown experienced by the country in the past couple of years has....