Jul 16, 2018

IMF lowers prediction for Europe's 2018 economic growth

Haley Britzky

Photo: Samuel Corum/Anadolu Agency/Getty Images

The International Monetary Fund expects the broader economy of Europe to grow 2.2% this year, down from its 2.4% prediction in April, the Associated Press reports.

Why it matters: The IMF has voiced concern previously over the affect that trade conflicts can have on the global economy. Chief economist for the IMF, Maury Obstfeld, said that "the risk of worse outcomes has increased" for the world economy, per the AP. Despite these worries, the IMF's prediction of 3.9% economic growth for the overall world economy from April is staying unchanged.

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Dan Primack

Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Go deeperArrow1 hour ago - Economy & Business
Ina Fried

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.

Go deeperArrow4 hours ago - Technology