Migrants around the world sent nearly $670 billion back to family members in their home countries. For some countries, remittances make up a quarter to a half of GDP.
Business activity in Germany contracted for a fourth straight month in October. Experts are labeling Europe’s largest economy the “sick man of Europe.”
Six percent of all global trade passes through the canal’s 50-mile stretch of water. New passage restrictions could particularly harm the U.S. economy — since it’s the nation that uses the trade route most.