LONDON China's giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year.
Wall Street opened lower on Tuesday after China's weak factory data heightened fears of a slowdown in the world's second-largest economy.
OTTAWA The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices taking a toll as business investment fell and inventory accumulation slowed.
Manufacturing activity expanded in August at its slowest pace since 2013 as a strong dollar and low oil prices continued to temper production.
Global economic growth is likely to be weaker than earlier expected and will remain at moderate levels, the head of the International Monetary Fund said Tuesday.