October 2018

International Monetary Fund reduced global economy growth estimate first time in more than two years, Bloomberg reports. The reason is in growing trade tension and stress at emerging markets.

Growth this year will be 3,7% compared with last estimate of 3,9% forecasted three months ago.

So far, investors do not trust oil companies as they cannot forgive them for not being prepared to oil market collapse four years ago, Bloomberg reports.

French economy may show higher degree of recovery than was expected before, as central bank revises growth estimates in the third quarter, Bloomberg reports.

UK’s firms working in service sector are giving up on attempts to hire new personnel amid falling business confidence ahead of the country’s exit from European Union, Bloomberg reports referencing to British Chamber of Commerce.

Italy is developing a plan to rescue Alitalia, Reuters reports. The state might take around 15% of air carrier along with investments of state companies and foreign firms.