With unemployment and inflation now low, it might seem that their relationship no longer matters. Not so fast, says the economist N. Gregory Mankiw. Source: NYT > Business – N. Gregory Mankiw
Japan Posts Surprising Growth, but Economic Threats Loom
The annualized rate of 1.8 percent was down from the previous quarter but still higher than expected. Trade wars, uncertain global prospects and a new consumption tax remain on the horizon. Source: NYT > Business – Ben Dooley
‘Weaponized’ Currency and Mining Limits: China’s Responses to Trump Take Shape
Beijing’s signals suggest it is ready to retaliate should the White House follow through on its new tariff threat, with potentially disruptive results. Source: NYT > Business – Alexandra Stevenson
3 Countries Cut Rates as World Braces for More Trade War Turbulence
Central banks in India, Thailand and New Zealand cut interest rates in what one analyst called “defensive action” amid fears of worsening U.S.-China tensions. Source: NYT > Business – Alexandra Stevenson
What’s at Risk if the U.S. Stumbles Into a Currency War
It could wind up undermining the central role the United States has played in the international financial system. Source: NYT > Business – Neil Irwin
Short on Cash, Businesses in China Rely on I.O.U.s to Keep the Lights On
As the trade war escalates, Beijing needs private companies to pull China’s economy out of its rut. But for some, ready money can be hard to find. Source: NYT > Business – Alexandra Stevenson and Cao Li