Pakistan’s export sector is bracing for a sharper downturn as a new report by the SAARC Chamber of Commerce & Industry (SCCI), the apex regional trade body, and the South Asian Federation of Accountants (SAFA) warns that the United States’ 19 percent reciprocal tariff is eroding competitiveness, disrupting orders and deepening economic vulnerabilities. The report, […]
economists
Solid US jobs report could allay fears of weakening economy
Economists have forecast that the government will report that employers added 185,000 jobs The economy is showing signs of sluggishness after having expanded at a healthy 3.1 percent annual rate in the April-June quarter With worries rising about trade wars and slower global growth, Friday’s jobs figures for May could serve as a reminder that […]
Economists trim euro zone’s inflation and growth forecasts — ECB survey
Economists are trimming their inflation and growth forecasts for the euro zone and warning of the risk of further cuts as uncertainties ranging from Brexit to trade wars make companies more reluctant to invest, a European Central Bank survey showed on Thursday. The ECB’s quarterly Survey of Professional Forecasters showed prices were now expected to […]
Business economists say Trump tariffs will harm US: survey
Business economists overwhelmingly worry President Donald Trump’s trade wars will harm the US economy, according to a survey released Monday. The Trump administration on Thursday is due to impose its latest round of punitive tariffs on China, putting 25 percent duties on another $16 billion in imports, with Beijing poised to retaliate dollar-for-dollar. The twice-yearly […]