Latest news with #globaltradewar
Bloomberg
a day ago
- Business
- Bloomberg
Ireland Needs Fiscal Rule as Economic Risk Grows, Watchdog Warns
The Irish government should commit to a domestic fiscal rule so it can better plan spending as the economy enters uncertain territory, the state's fiscal watchdog warned. A global trade war stoked by US President Donald Trump is likely to have an outsized impact on Ireland, the strategic tax base for several multinational firms. Sticking to a fiscal rule would set a sustainable growth rate for spending net of tax changes, the Irish Fiscal Advisory Council said in its June fiscal assessment report.
Bloomberg
5 days ago
- Business
- Bloomberg
Economists Slash Singapore GDP, CPI Growth Forecasts on Tariffs
Economists have cut growth forecasts for Singapore's gross domestic product and consumer prices as uncertainties of the global trade war leave the Lion City vulnerable to risks. Singapore's economy is expected to expand only 0.2% year-on-year in the third quarter this year, according to the median prediction of 13 economists in a Bloomberg survey conducted this month. That's a sharp cut from the 1.3% predicted growth in an earlier survey conducted in March.
Bloomberg
08-05-2025
- Business
- Bloomberg
Private Credit Fund Results Expose Pockets of Market Stress
From a custom tile maker to a funeral service provider, a number of companies financed by private lenders started showing signs of stress in the first quarter, according to recent results from business development companies. Market watchers say the trend is likely to accelerate as effects of the global trade war weigh on borrowers. Oaktree Specialty Lending Corp. marked down its position in Mosaic Companies, which makes specialty tiles for floors and walls, by 76%, after a sale of the company stalled.
