Beijing’s tax cuts will do little to lift China Inc. from its malaise. Premier Li Keqiang’s annual work report to the National People’s Congress set out a widely expected cut of 3 percentage points to the top value-added tax bracket of 16 percent and a 1 percentage point cut to the 10 percent bracket. In theory, both are aimed at ...

So, they have been paying attention to the fragile state of Europe’s economy after all. According to a Bloomberg News report, the European Central Bank (ECB) will acknowledge that its own downgrades to the euro area’s growth and inflation forecasts are big enough to justify a change in monetary policy. This is the green light for a new round of ...

Forecast cutting resembles a business model these days. Another day, another venerable firm or institution reduces projections for economic growth. The Organisation for Economic Cooperation and Development (OECD) is the latest to jump on the bandwagon, citing trade tussles, China’s downdraft and Brexit. On the face of it, the overall picture isn’t dire. The OECD clipped its world-growth forecast to ...