World Economy

Kenya’s rising debt is set to hit 60% of gross domestic product by June 2018 according to Global rating agency Moody’s Investors Service. In their latest report, the agency says Kenya’s debt to…

Goldman Sachs Group Inc offered investors a window into its capital plans for the first time, detailing the bank’s regulatory allowances for buybacks and dividends on Tuesday, Reuters reported…

Algeria is one of the worst countries in the world for economic freedom according to the latest ranking issued in the Economic Freedom of the World: 2017 Annual Report, Middle East Monitor…

Europe’s major stock markets paused on Tuesday as investors digested key economic data and waited for US bank earnings, dealers said.

London turned flat as investors monitored news that…

Greece’s economy fell into recession again last year, confounding its international creditors who had predicted some growth after years of budget austerity.

The economy contracted by 0.2…

The IMF’s latest “Regional Economic Outlook” report paints a picture of stronger growth across Asia, with regional gross domestic product seen expanding by 5.6% this year and 5.5% in 2018,…

The outlook for German industry is brightening, albeit at a slower than expected pace, while prospects for eurozone economic development have deteriorated.  

Airbus will acquire a majority stake in Canadian firm Bombardier’s C Series airliner program. The deal follows the US administration slapping massive duties on Bombardier CS100 and CS300…

The UK economy will continue to struggle for the rest of this year and the next, Ernst & Young’s Item Club says.

The latest autumn forecast said GDP was running at about 0.3% to 0.4…

International organizations are continuing to show optimistic forecasts about Vietnam’s whole-year growth, with the country remaining one of the region’s top performers thanks to strong…

 The escalating political crisis in Catalonia has prompted Spain to cut its growth forecast for 2018, according to the government, in a sign of how the tensions are hurting economic…

Australia’s central bank sees no need to follow its peers abroad and raise interest rates, noting price pressures remained subdued across the economy while households labored under a heavy load…

All eyes will turn Tuesday to Britain’s consumer price index figure, with this being the final reading before the Bank of England’s next interest rate decision.

Shares rose in Europe and Asia on Monday after leaders of global finance appealed at a weekend meeting of the International Monetary Fund for a continuation of low-interest rate policies to keep…

Exports of goods from the eurozone jumped in August, suggesting the euro’s appreciation against other major currencies has yet to crimp economic growth.

Adjusted for seasonal patterns,…

Real wage growth in Bulgaria has been exceeding productivity growth, posing the risk of higher inflation, it has emerged from an annual report by the European Commission, IBNA reported.

Turkey’s unemployment rate remained steady at 10.7% in July 2017, the same as in July 2016, the Turkish Statistical Institute, TurkStat, announced Monday, Anadolu Agency reported.

Industrial output in Japan rose 2.7% in September after a drop of 1.9% the previous month. The rise exceeded forecasts of a 2.2% rise, Italy’s agi news agency reported. Industrial production is…

The volume of foreign direct investment has almost doubled in the first half of 2017 in comparison with the same period in 2016, Prime Minister Dmitry Medvedev said at a meeting of the Foreign…

China’s factory price inflation rose again in September, official data showed Monday, indicating the improving domestic demand while the central bank chief said he expects strong growth in the…

Don’t celebrate too soon. That was the key message as policy makers and investors left Washington on Sunday after attending the annual meetings of the International Monetary Fund and World Bank…

Federal Reserve Chair Janet Yellen sketched a bright outlook for the US economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will likely slow economic…

The International Monetary Fund calculates a potential rescue of Venezuela could cost more than $30 billion per year. Huge sums will likely be required to increase imports, boost consumption and…

Household debt in Australia has been on the rise as more people are taking out loans to buy houses in the country’s red-hot property market. But Australian Treasurer Scott Morrison said the…

Indonesia is on track to become a trillion-dollar economy and should be the envy of Southeast Asia. Yet on some key measures, the region’s biggest economy is falling behind.