Economists have given up hope that Germany can avoid a second consecutive year of shrinking output, according to a Bloomberg survey.

European Central Bank Governing Council member Joachim Nagel sees the threat of a further fragmentation of the global economy, which could present central banks with new challenges in the form of higher or more volatile inflation.

The Republican sweep of the presidency and Congress has transformed what could have been a struggle to merely renew Donald Trump’s tax cuts into a multi-pronged campaign to slash levies in new and bigger ways.

Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace.

The euro area’s economic growth will pick up as obstacles to consumption and investment fade away, though geopolitics poses an increasing threat, according to the European Commission.

China’s economy showed encouraging signs as retail sales grew at the strongest pace in eight months, indicating Beijing’s recent stimulus efforts have boosted some key sectors.

The Federal Reserve is likely to pause its interest-rate cuts after December to assess the economic impact of policies under President-elect Donald Trump, Karen Ward, chief market strategist for Europe, the Middle East and Africa at JPMorgan Asset Management, said.

Traders pared back their expectations for an interest-rate cut in December and policy-sensitive US yields jumped after Federal Reserve Chair Jerome Powell said economic resilience gives officials room to ease more carefully.

What had been a steady decline is definitely stuck, and it’s feeding through into higher expectations for interest rates next year.

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said.

The Brazilian president is looking to Beijing to help his country’s economic development. It’s a strategy that risks a run-in with Trump.

China’s economy likely gained momentum last month, with early indicators pointing to a rebound after the government began rolling out stimulus measures in late September.

Emmanuel Macron warned that Europe risks getting divided by Donald Trump’s economic policy and being thrown into a simultaneous trade war with Washington and Beijing.

Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to lower interest rates, highlighting the difficulty policymakers face in trying to determine the right setting to keep the economy on an even keel.

US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control.

Die schlechten Nachrichten aus der Wirtschaft reißen nicht ab: Zu den deutlich nach unten revidierten Prognosen der Ökonomen von WIFO und IHS reihen sich miserable Bilanzen heimischer Konzerne. Am Mittwoch vermeldete der einstmals verstaatlichte Stahlkonzern voestalpine zum Halbjahr einen Einbruch beim Ergebnis nach Steuern um 43 Prozent. Und der Motorradhersteller KTM kündigte einen millionenschweren Finanzbedarf samt Personalabbau an.

Three of the leading artificial intelligence companies are seeing diminishing returns from their costly efforts to develop newer models.

Donald Trump’s election win is leading some forecasters to question if the European Central Bank will need to return borrowing costs toward highly stimulative levels as his threat of trade tariffs materializes.

A second Trump administration looks like a disaster for the region. It might also—finally—shake the continent out of its torpor.

The European Central Bank should go on cutting interest rates gradually, according to Governing Council member Martins Kazaks.

China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter.

European Central Bank Governing Council member Olli Rehn said a December interest-rate cut is likely and further reductions are possible, but officials should remain cautious and move step by step.

Investor confidence in Germany’s economy unexpectedly worsened in November after a spate of bad news from the country’s industry, the collapse of the three-party government and the election of Donald Trump.

Several Russian billionaires don’t share the optimism of Vladimir Putin’s government that Russia’s economy will keep growing at a pace most Western countries can only envy. And they see little prospect that incoming US President Donald Trump will lift sanctions.

Japanese Prime Minister Shigeru Ishiba pledged more than $65 billion of fresh support for the nation’s semiconductor and artificial intelligence sector as Tokyo looks to keep up with a global spending spree on cutting-edge tech.

Currency strategists are ripping up forecasts for the euro in the wake of the US election and coming up with a new call: a slide toward parity with the dollar.

The European Central Bank plans to demand more information from banks about their exposure to geopolitical risks as supervision head Claudia Buch puts her stamp on the institution.