An employee monitors a weaving machine at a textile factory in Shangqiu in China’s central Henan province in September 2018. The trade war has taken a toll on global export growth. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

Trade war deal or no deal, the damage to the world economy has been done. Central banks must act soon

  • The trade war has taken its toll on export-led nations, such as Germany, Japan and China. With indications that even the US economy is losing steam, it’s time for central banks to pick up the slack

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An employee monitors a weaving machine at a textile factory in Shangqiu in China’s central Henan province in September 2018. The trade war has taken a toll on global export growth. Photo: AFP
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US Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington on January 30, 2019. Photo: REUTERS

US Federal Reserve officials remain divided over whether to raise interest rate again

  • Minutes of the US Federal Reserve’s meeting showed Fed officials were divided over what it would take for them to raise rates again
  • There was no suggestion of a cut in rates
Topic |   Global interest rates

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US Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington on January 30, 2019. Photo: REUTERS
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