World Economy

Turkey’s central bank raised its inflation forecast for this year on higher food prices, and reiterated its policy not to loosen monetary conditions until the outlook improves.

Qatar has filed a complaint with the World Trade Organization over an "illegal siege" imposed by its Persian Gulf Arab neighbors, the commerce ministry said.

Zimbabwe’s economy has continued to shrink, leading to growing unemployment and significant underemployment, an international research body has said.

A recent Business Monitor International…

Mexico’s economy grew 0.6% in the second quarter, officials said, keeping up its solid growth as the country heads into clutch renegotiations of the North American Free Trade Agreement, AFP…

China’s debt surge shows what’s working for the global economy and what could go badly wrong. Without the country’s massive stimulus in 2008, one of the catalysts of the credit binge that’s lately…

The dollar has endured its worst run in six years amid chaos in the White House. As Wall Street closed Monday night, the greenback recorded its fifth consecutive monthly fall against a basket of…

The BRICS countries will continue to play a key role in the global economy although they reported slower growth in recent years, said an expert with the Paris-based Organization for Economic…

Japan’s economy is accelerating but further structural reform is needed to finally leave behind years of on-off deflation, the IMF warned Tuesday.

The International Monetary Fund…

Doomsayers on China's economy have been wrong in the past, and they are wrong again today. China reported 6.9% GDP growth for the first half of 2017, exceeded the 6.7% rise in 2016 as well as…

The era of economic doom and gloom may be coming to a close in Kazakhstan—at least that’s the assessment of international ratings groups like Moody’s. Moody’s earlier this week raised Kazakhstan’s…

The Peruvian economy will grow at a rate of more than 4% next year, returning to the path economic dynamism, despite the natural disasters caused by the El Nino climate phenomenon and corporate…

The slowdown in economic activity and fuel price reforms that were introduced in early 2016, have impacted demand growth of petrol and gas oil in Oman and other (Persian) Gulf Cooperation Council…

Italy’s unemployment rate dropped to 11.1% in June, down 0.2 of a percentage point with respect to May, the national statistics agency ISTAT said on Monday.

Global investors have raised their holdings of eurozone equities and bonds to the highest levels in more than two years, a Reuters poll showed, reflecting a conviction that the European Central…

Monetary policy must take a back seat to fiscal and regulatory measures in the struggle to get the global economy out of its low-interest-rate doldrums, said Federal Reserve Vice Chairman Stanley…

Gold prices traded near their highest level in around seven weeks on Monday, as market players looked ahead to a busy week of economic data, including the monthly US jobs report.

British businesses are the least optimistic about the economy in six months and their overall confidence levels remain slightly below average, a survey showed on Monday, adding to a lackluster…

Azerbaijan’s banking sector still remains sensitive to weak and complicated economic situation, Standard & Poor’s reported. “The restructuring plan of the state-run International Bank of…

Singapore has emerged among the world’s top innovation leaders, coming in second to Switzerland. Belgium was ranked third, and Germany fourth in the Innovation Indicator 2017, which analyzed the…

The US dollar gained during the Asian session, with the dollar index up 0.20% to last trade at 93.44. The session was busy with ample of data from Asian economies signaling economic expansion. The…

The Trump administration extended current economic sanctions against Venezuela last week, adding 13 more Venezuelans to the list of sanctioned individuals.

The eurozone, with 19 member states, seasonally-adjusted unemployment rate was 9.1% in June 2017, down from 9.2% in May and down from 10.1% in June 2016. This is the lowest rate recorded in the…

Sweden’s economy grew at a considerably faster pace last quarter than predicted by analysts, adding pressure on the central bank to focus on the timing of an exit from years of extreme monetary…

Brexit is already damaging Germany’s trade with the UK and it is set to get worse, the European powerhouse’s leading business group has warned.

Moody’s Investors Service downgraded the Bahrain’s long-term issuer rating to B1 from Ba2, and maintained its negative outlook for the country.