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“However it’s not all absolute doom and gloom,” O’Carroll said. “We are not forecasting the world economy is going to go into recession in the next few years. It’s just going to be slower growth than we’ve seen in 2017 and in 2018.”. Even in the United States, where Trump’s tax cuts have fired up an economy that was already outperforming its peers, some believe growth has now peaked. St. Louis Fed President James Bullard said on Aug. 24 that the Federal Reserve should stop raising rates given the likelihood of an economic slowdown next year, and only weak inflation pressure.

For now, however, the U.S, economy looks like it will help Trump before mid-term elections in November, allowing him to tell voters he is on track to meet his promise of 3 percent annual growth, at least this year, U.S, payrolls figures on Friday are expected to show further solid job creation, even if they might be distorted by the summer holidays, pushing wage growth back up to an annual 2.8 percent, according to a Reuters rebel alliance symbol cufflinks poll of economists, “The United States is on a much stronger trajectory than other economies, not least because of the massive stimulus of the tax package and government spending has ballooned,” Christoph Balz, an economist with Commerzbank, said..

With the U.S. labor market so tight, a slowdown appeared likely, he said. In Germany there are signs that the global trade tensions are having a more noticeable impact. Industrial orders figures for July, due on Thursday, are expected to show only a small rise after falling by the most in nearly a year-and-a-half in June. The picture in Asia is similar. Export orders for Chinese manufacturers shrank for a third month in a row, data showed on Aug. 31, and August trade balance releases from South Korea and Taiwan will be closely watched for the trade war impact, before China’s trade figures on Sept. 8.

In Britain, monthly PMI surveys of manufacturing, construction and services for August will give a sense of how companies are coping with the weaker global economy as well as the rebel alliance symbol cufflinks possibility of a no-deal Brexit, Prime Minister May is hoping to clinch a deal on Britain’s future relationship with the European Union in October although officials say the deadline could slip into November, O’Carroll said October was looking like a key month not only for Brexit but also because the United States will be heading into the final campaigning for the elections on Nov, 6 and Italy’s government, where some officials want to break EU spending rules, is likely to be finalizing its fiscal plans..

(Reuters) - U.S. automaker Ford Motor Co (F.N) plans to drop production of some of its automobile models as part of a planned operational restructuring announced earlier this year, sources told The Times. The British newspaper reported that Ford planned to end production of Mondeo, Galaxy and S-Max models and focus on more lucrative sport utility vehicles. Ford also plans to cut its number of dealerships, the Times said. In July, Ford’s chief executive officer, Jim Hackett, said the company planned to spend around $11 billion on a restructuring of its European business.

Ford lost $73 million in Europe between April and June, and faces additional challenges from Britain’s plans to leave the European Union, the Times said, Analysts at Morgan Stanley said Ford could lay off as many as 12 percent of its more than 200,000 workers rebel alliance symbol cufflinks and that the layoffs would largely be concentrated in Europe, The Times said Ford’s internal restructuring deliberations would last several more months and may result in folding its European business into a joint venture with a rival..

ATHENS (Reuters) - Core profit at Hellenic Petroleum (HEPr.AT), Greece’s biggest oil refiner, is expected to top 1 billion euros ($1.2 billion) this year, the company’s chief executive said on Sunday. Core profit, or earnings before interest, tax, depreciation and amortization (EBITDA), including oil inventory holdings, came in at 851 million euros last year. “In 2018 .. reported annual EBITDA will exceed 1 billion euros,” CEO Efstathios Tsotsoros said in an interview with the semi-official Athens News Agency.

He added this would be feasible based on January-August results and on condition there is no labor rebel alliance symbol cufflinks unrest or any major change in the international environment, Hellenic on Thursday posted a 25 percent rise in first-half EBITDA, including oil inventory holdings, at 473 million euros, and said it expected stronger financial results in the third quarter thanks to higher refining margins, Greece and Paneuropean Oil and Industrial Holdings are selling a 50.1 percent stake in Hellenic Petroleum in what would be one of the country’s most profitable privatizations so far..

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