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As the trade war continues between the US and China, more and more industries are starting to suffer and/or anticipating losses.  The auto industry is definitely being affected; it is predicted that car prices will go up as a result of the trade war.

Trade Representatives in the US are planning ways to raise Chinese vehicle duties to 40% as this is the tax levied on American-made cars by Beijing.  This tension is not…

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Global Economy May Be Slowing More Than Expected, Lagarde Says

The International Monetary Fund (IMF) has lowered its GDP projections globally this month. Financial conditions have tightened, especially in emerging markets. Global stocks have slumped and interest rates are rising. They believe the tensions caused by the ongoing trade war between countries could be the result, and they are encouraging countries to put an end to it.

“We have had a good stretch of…

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The article posted by the Financial Times (link below) discusses the weak 3rd quarter that was experienced not just in the US economy, but  across almost  the entire global economy. The article looks at the reasons for this decline in growth and why economies are falling short of projected growth numbers such as growing trade tensions between the U.S. and the rest of the world, nautral disasters in Japan, struggles in the German auto industry, and a general decline in overall consumer…

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How AI Could Impact the Workforce in 10 Years

Artificial Intelligence, or AI, has been fast growing. As AI can help to make business’ and individuals lives easier, some see that it may actual hurt us more than it will help us. People think that it will make is harder for governments to adjust as people do not know the extent of what AI can do. Countries can become leaders in AI and then can become major players in the world economy. One of the main problems that people see is that countries that rely heavily on “working power” are those…

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https://financetrain.com/how-does-cryptocurrency-affect-the-global-economy/

This article goes very well with the group project my group chose to do for Econ 6644. I goes into the various ways cryptocurrency can help and hurt the global economy. For one it knocks out the middleman when it comes to money transfers and storage. When you transfer or hold money at an establishment such…

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With Brexit being so close at just four months away, many people are started to get worried that it will have a negative effect on the UK's economy. The British government released a report detailing the effects Brexit will have and the economic cost associated with it. According to the report, the UK would be worse off under all scenarios. UK Treasury chief Phillip Hammond said, "It is true that the economy will be very slightly smaller, but if we do the deal in the way that the prime…

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Ins and Outs of the G-20 Summit

As the G-20 summit approaches this Friday, it brings to the forefront some international economic policies, deals, and misfortunes. Hosted by Argentina this year, the summit will include representatives from the world's most robust economies. The main topics are set to include infrastructure, economic development, and food security; things Argentina itself struggles with as it continues to transition from government after government with a protectionist mindset to Mauricio Macri's more…

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WHAT DRIVES GLOBAL MIGRATION?

Human migration is the movement by people from one place to another with the intention of settling, permanently or temporally in a new location. People have been constantly migrating from their home countries for centuries for variety of reasons. When presented with the question—why do people migrate?—Some obvious responses would include reasonable assumptions that most people move with the hope of hope of finding better conditions or opportunities elsewhere, such as jobs, higher wages,…

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Brexit Deal Has the Backing of E.U. Leaders. What Happens Now? 

The 27 other members of the European Union agreed on Britain’s Prime Minister Theresa May’s deal for her country to separate from the European Union. This brings Britain one step closer to officially Brexit from the E.U.  However there are several obstacles left for Britain to Brexit. May will have to take the deal to the…

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Trends around the U.S. market in 2018

The financial time's website published an article by its columnist Lana forum has on Thursday entitled "the three major trends that shape us market in 2018". 'I'm not going to tell you when the market will crash or what the midterm elections will be,' the article says.
The January column is full of predictions. However, any good journalist (or market participant) knows that forecasting is risky. So, in the first column of the New Year, I'm not going to tell you when the market is going…

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As I'm sure you all know Britain voted to leave the European Union and it created a lot of uncertainty for the country. Where there is uncertainty there is a lot of risk, which is not good for the country. Foreign investors, trade, and business in general have all been disrupted due to the
"divorce."  Nonetheless, to mitigate an economic collapse, the United Kingdom needs to have a smooth transition and secure a mutually beneficial deal with the European Union. The current deal…

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Zimbabwe Inflation Hits Highest Level Since 2008

The inflation rate in Zimbabwe has hit its highest level since 2008, this is when they were forced to adopt the US dollar in 2009. The inflation rate soared from 5.39 percent in September to 20.85 percent in October. Along with the US dollar, Zimbabwe has a parallel “bond note” that collapsed shortly after this spike. This has forced businesses to triple their prices and has many Zimbabwe citizens fearing that the hyperinflation that happened to their original currency is happening…

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U.S. Ramps up as World Slows Down

Hello Collegues and welcome back to another blog post from yours truly,

As of recent in the news about the global economy, the Gross Demestic Product of the U.S. has increased by a large margin while at the same time, other great powers such as Germany, Japan, and China have been on the decent.  Usually, other countries are used as points of omparison as where the U.S. wants to aim for in terms of GDP.  However, this last quarter shows different.  The unexpexted increase for the U.S.…

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Poland Graduates to Developed Status

Poland has become the first country from Central and Eastern Europe to be ranked a "developed market" on the FTSE Russell index. The country now joins the likes of the UK, US and Japan in the index’s list of the 25 most advanced global economies. It marks the first time in a decade that a country has made the leap from emerging market to developed market in the index's rankings. The FTSE Russell bases its classification on factors such as a country’s regulatory environment, the quality of…

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The Future of Virtual Currency

Virtual Currency is a trend that seemingly popped up out of nowhere and expanded greatly in 2018, especially with the likes of Bitcoin. However, more recently, virtual currencies have seemed to have taken a hit latley and many are starting to wonder if it is set to contunie or keep up the pace it was on. The last time there was any update on the status of virtual currenct by the IRS was in 2014. In those guidelines in 2014 it stated that virtual currency was to be treated as a property for…

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IMF Warns Global Growth is Slowing Down

The International Monetary Fund, or IMF, warns that global growth is likely to slow down in a number of large world economies in the next coming years. Big Economies such as China are facing a decline in growth in the next couple of years, mainly due to investor sentiment. IMF, however, is optomistic that not all large world economies will suffer, and have high hopes for the Middle East to do well. This investor sentiment has the potential to make a sudden turn for the worse and cause a…

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Bitcoin, a new world currency?

Bitcoin has become a buzzword in recent year. One of the topics of Bitcoin is whether Bitcoin can become the world currency. The concept of single currency is not a new one. For example, of EU, based on the culture, history and geography, European countries have a closer relationship in many ways. After adopting single currency, EU, it reduces a lot of friction such as brings the stable price for the market, having the more integrated market, avoiding part of currency risk in the…

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