World Economy

Indebted households and the projected pace of aging in South Korea are worrisome, raising an urgent need for the country to develop households’ financial systems and access, a report showed…

Rising global temperatures are having a direct negative developmental effect on the economies of the world’s poorest countries and could “erase close to one-tenth” of their per capita output if…

Venezuela’s triple-digit annual inflation rate is set to jump to more than 2,300% in 2018, the highest estimate for any country tracked by the International Monetary Fund.

Taiwan's exports hit a new high in September on the back of solid global demand for high-tech devices, marking the 12th consecutive month in which the country's outbound sales posted year-on-…

Top Japanese automakers said Wednesday they were scrambling to assess their vehicles that used products from Kobe Steel, which has admitted to falsifying quality data in a growing scandal.

If the UK can’t guarantee European Union citizens now working there that their lives will be unaffected by Brexit, then those people should look for jobs in Denmark.

As the Russian economy continues to recover from recession, solid growth in the manufacturing and service sectors point to the emergence of stronger demand. Relatively muted inflation and…

Kathmandu, capital of Nepal, has the highest rate of unemployment where as Vietnam's Phnom Penh records the lowest official unemployment rate in Asia.

The International Monetary Fund is getting more optimistic about the strength of the global economy. In new forecasts published Tuesday, the organization predicts global growth to be 3.6% this…

The BankservAfrica Economic Transaction Index, or BETI, for September highlights the continuing fluctuation of the South African economy after economic transactions in the overall payment system…

Copper prices touched their highest in four weeks on Tuesday as speculators kept buying in response to expectations of potential shortages in China, while nickel and zinc slipped on the back of…

Data released Tuesday by Statistics South Africa showed that manufacturing production in South Africa increased 1.5% year-on-year in August of 2017, better than market expectations of a 0.05%…

Cyprus should consider reinstating the immovably property tax to boost revenues, the International Monetary Fund has said, Taxnews reported. Taxpayers in Cyprus previously had to pay an annual…

The International Monetary Fund grew slightly more optimistic over the last three months about global growth but clearly remained concerned about risks.

Global share indexes traded in narrow ranges Tuesday as geopolitical concerns, not least relating to developments in the Spanish region of Catalonia, kept sentiment in check, particularly in…

Australian companies are experiencing very strong business conditions but their improving profits are not strengthening the broader economy, a new survey shows.

Insolvent loans held by Italian banks fell to their lowest level in August since July 2014 as the country’s economy gathers pace and lenders work to shift risky assets off their balance sheets,…

Nine years into the economic cycle, small and medium-sized businesses are not only showing signs of fatigue and reporting lower confidence, they are also facing several potential headwinds,…

Wall Street is very, very excited about President Donald Trump's promise to slash corporate taxes. Investors are betting that the GOP tax plan will create a bonanza for Corporate America that…

The UK’s goods trade deficit with the rest of the world hit an all-time high of £14.2 billion ($18.73 billion) in August, according to official figures. The Office for National Statistics said…

European Union plans for a new taxation system for digital companies, such as Google, Skype and Amazon, all of which have European headquarters in Luxembourg, may reach “conclusions” by end-…

The country’s economic data may have perked up of late but the Monetary Authority of Singapore is unlikely to make its next policy move—widely seen as a tightening—at the biannual review this…

Problem loans in the UAE’s banking sector are set to rise by the end of 2018, ratings agency Moody’s Investors Service warned, blaming “sluggish” economic growth seen this year.

The…

After leading global growth for two years, South Asia has fallen to second place, after East Asia and the Pacific. The region’s slowdown is due to both temporary shocks and longer-term…

Deficit of the Russian federal budget in January-September 2017 amounted to 268.13 billion rubles ($4.59 billion), which is nearly six times less than the indicator for the same period last year…