Global Growth Concerns Escalate

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Reuters

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Business

Business & Economics

Analysis-Whisper it and it's back: Recession risk creeps onto markets' radar

Summary

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78% Informative

Global growth concerns have shot back onto the radar of financial markets as weakening U.S. economic data and growing trade tensions hurt consumer confidence and business activity.

Two-year Treasury yields are at their lowest since October as bond investors see increased chances of near-term rate cuts.

The Atlanta Fed's GDPNow estimate for annualised growth this quarter fell to -2.8% from +2.3% a week ago .

The Canadian dollar and Mexican peso briefly hit one-month lows on Tuesday .

Friday 's closely-watched U.S. jobs report takes on additional significance with growth risks in focus. "This economic cycle is consumption-led and can only die with the labour market," said Lombard Odier's chief economist Samy Chaar . "The Fed has to be very mindful of that." (Reporting by Dhara Ranasinghe , Alun John and Samuel Indyk ; Additional reporting by Nell Mackenzie and Naomi Rovnick , editing by Christina Fincher ).