Global trade expected to rise more than previously expected in 2025, but next year’s volume is projected to slow to a lackluster 0.8% increase, according to the World Trade Organization. “Trade growth will likely slow in 2026 as the impact of the cooling global economy and new tariffs set in,” the group predicts.
The US federal government shutdown is in its eighth day on Wednesday with no resolution in sight. How might the impasse end? TheHill.com outlines five possible paths, including rising frustration from the public that raises pressure on Congress and a staffing shortage among air traffic controllers who call out sick because they’re not being paid during the shutdown.
Gold surges past $4000 an ounce amid rising demand for safe havens. Analysts say that delays in the release of key economic data as the US government shutdown enters its second week is a factor driving the price higher.
US job growth was essentially flat in September, according to analysis by investment giant Carlyle. The firm estimates a gain in payrolls of just 17,000 last month, less than the sluggish 22,000 gain in August via the Bureau of Labor Statistics data. The government’s September payrolls report was scheduled for release last Friday, but remains delayed due to the shutdown.
Global business activity slowed in September for the first time in five months, according to PMI survey data. Even after the downshift, growth remained only modestly below the pre-pandemic trend rate, reports S&P Global.