World Economy

The French government has revised the country’s budget deficit forecast down to 2.9% of output this year and 2.6% next year, Finance Minister Bruno Le Maire said Tuesday, RTE reported. The…

Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency…

India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government’s budget…

Moldova’s economy expanded by 2.5% year-on-year in real terms in the second quarter of 2017, mainly on the back of the successful performance of the wholesale and retail sector, the country’s…

New Zealand was expected to post improved economic growth in its second-quarter GDP report on Thursday, just days before voting starts in a hotly contested general election in which the economy…

Algeria’s prime minister laid out a sweeping plan to plug the budget deficit that would include direct borrowing from the central bank, as the Opec member looks to compensate for lower oil…

Inflation in the eurozone will slump in early 2018, the European Central Bank forecast Monday, but would return to an upward path towards its target later in the year.

Price growth could…

France’s economic recovery is strong enough for the government to be able to cut spending and the deficit without growth being affected, the budget and finance ministers said on Monday.

Some critics argue that reforming business taxes in the United States won’t help boost economic growth, but a closer look at what drives investment decisions shows otherwise.

Sri Lanka’s economy showed some level of resilience during the second quarter as it weathered substantial natural and self-inflicted woes during the period to grow at a modest yet a respectable…

Singapore’s non-oil domestic exports surged in August from a year earlier at the strongest pace in six months, led by solid shipments of electronics and robust sales to China.

Egyptian Central Bank Governor Tarek Amer said inflation in the most populous Arab country has peaked after policy makers responded to the surge in prices by raising borrowing costs to the…

These days, it’s virtually impossible to become a bona fide monopoly on Wall Street. But that’s exactly what is happening in one vital part of the US financial system, which has more than a few…

The average UK asking price for a home coming onto the market fell by 1.2% to £310,000 ($420,329) in September. Homeowners typically enjoy an autumn spike in property values, but new data for…

Japan has once again become the largest Bitcoin exchange market with 50.75% market share of the global Bitcoin exchange market. Analysts including BitFury Vice Chairman George Kikvadze…

International markets have been buoyant in recent months as easy money policies won an additional reprieve, but a rise in so-called zombie firms shows a rise in interest rates could turn into a…

Standard and Poor’s rating agency affirmed the rating of Cyprus’s long-term and short-term sovereign credit at BB+/B but revised the outlook to positive from stable, a statement issued overnight…

The profitability of Persian Gulf Arab states' banks will deteriorate this year and in 2018 with several factors coming into play, S&P Global Ratings said in its report.

India is likely to overtake Japan and Germany to become the third largest economy in the next 10 years but needs to be consistent in reforms and focus more on the social sector, British…

Euroland employment grew at a marginally lower rate of 0.4% in the second quarter, following a 0.5% rise in the first quarter. Year-on-year employment growth stabilized at 1.6%.

Ratings agency Moody’s has upgraded Ireland’s sovereign credit rating to A2 after faster than expected economic growth and progress by the government in balancing its books, Reuters reported.…

Australian and Chinese officials held talks in Beijing on Saturday aimed at tightening trade and economic ties between the two countries, just as the Donald Trump administration increases…

The Polish government’s anti-democratic actions risk weakening the nation’s economy, according to the European Union official who’s overseeing an unprecedented probe that could strip Warsaw of…

The French government aims to rein in its massive spending on housing allowances while softening the blow for beneficiaries with rent cuts, an official said in a newspaper interview published on…

The US-based international credit rating agency Fitch has stated that it will revise its evaluation of Turkey’s economic outlook and growth estimates, citing the recently announced growth data…