The US economy, while a bit wobbly of late, still looks set to post solid growth, though softer than last year's pace. "The slowing down of the manufacturing sector in Asia continues," said Irene Cheung, Asia strategist at ANZ. Meanwhile, bleak factory gauges suggests that the global economy will get worse before it gets better. REUTERSThe International Monetary Fund last week cut its world growth forecasts for this year and next and said failure to resolve protectionism could further destabilise the slowing global economy. Even then, some economists say support measures may only steady activity in China and not produce a strong rebound in its demand like that which helped pull the global economy out of recession after the financial crisis.

Source: bd News24 February 01, 2019 06:33 UTC