China's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.
US Federal Reserve Board Vice Chairman Stanley Fischer said that the economic recovery has been and remains “disappointing” and made it clear that he expects monetary policy to continue to play a significant role in encouraging growth in the future.
The Union of South American Nations must act quickly to protect the region's growing economies from another global financial crisis, Economy ministers and Central bankers from the 12-nation organization agreed at an emergency meeting convened Friday in Buenos Aires.