World Economy

Retail sales dropped by 0.1% in value terms in April with respect to March and were flat in volume terms, ISTAT said on Wednesday, ANSA reported. The national statistics agency added that sales…

Romania’s economy grew at the fastest pace in six quarters during the first three months of this year, latest data from the statistical office confirmed on Wednesday, RTTNews reported. Gross…

The Bank of Spain’s head said on Tuesday the Spanish economy could grow faster in 2017 than previously forecast, possibly above 3%, Reuters reported. “It can’t be ruled out that the growth…

The Reserve Bank of India in its second bi-monthly Monetary Policy on Wednesday kept its repo rate unchanged at 6.25% and reverse repo rate unchanged at 6% respectively, ANI reported. The monetary…

Japan’s index gauging the current state of the economy hit a nine-year high in April, government data showed on Wednesday, a sign a solid recovery was taking hold thanks to improvements in the…

After bingeing on credit for a half decade, US consumers may finally be feeling the hangover. Americans faced with lackluster income growth have been financing more of their spending with debt…

Australia’s economy recorded just enough growth last quarter to match the Netherlands’ record of 103 quarters without recession. But analysts warn of a slowdown as households struggle with low…

Nyl Patangan, a nursing graduate from the Philippines, left his native land in search of a better life. Now working in a Chicago hospital after a stint in Dubai, he’s supporting his parents back…

Nearly a decade after the worst economic downturn since the Great Depression, economic spirits are reviving. Many Europeans, Japanese and Americans feel better today about their economies than…

France’s private sector growth accelerated in May to its fastest level in six years, a key survey showed, AFP reported. Services were the main driver behind the expansion, according to the…

South Africa’s economy fell into a recession for the first time since 2009 after it contracted for a second straight quarter in the first three months of the year.

A consortium led by global steel giant ArcelorMittal has been chosen to take over Italy’s huge but struggling steel producer Ilva, the Italian government said. Economic development minister Carlo…

Expectations are high that the European Central Bank will hint that it is heading for the exit from its easy-money policy when governors meet in Estonian capital Tallinn Thursday. Most analysts…

The World Bank says Ethiopia’s economy will be the most expansive on the continent for the year 2017 followed by Tanzania, Ivory Coast and Senegal in that order. This view by the global finance…

Morocco’s trade deficit rose 35.8% to 40.23 billion dirhams ($4.14 billion) in the first quarter of 2017 compared to a year earlier, the exchange office announced, Albawaba reported.

Though still historically high, Americans’ confidence in the economy fell to a six-month low in May, largely dragged down by Democrats’ worsening economic attitudes. Gallup’s US Economic…

Businesses in Asia could unlock at least $5 trillion in market opportunities and create 230 million jobs by 2030 by implementing a few key development goals, global business and finance leaders…

As the diplomatic row between tiny Qatar and some of its bigger neighbors intensifies, it may slow down a region already suffering under low oil prices and political instability.

On Monday…

The International Monetary Fund could sign on to a deal between Greece and its creditors before debt relief measures it demands have been agreed, director Christine Lagarde said Tuesday.

“…

The World Bank reduced its forecast for Brazil’s economic growth this year to 0.35 in its latest World Economic Outlook report. The entity’s growth forecast is lower than the 0.5% growth forecast…

The Icelandic economy, which grew by 7.2% in 2016, is expected to continue to boom. Statistics Iceland projects GDP will grow by 6% in 2017, Yahoo reported. This is a significant upward revision…

The Reserve Bank of Australia (RBA), the country’s central bank, decided to keep its cash rate steady at a record low of 2.25%, bucking the global trend and surprising some who had looked for…

Gold hit a six-week high on Monday, buoyed by disappointing US jobs data on Friday that dimmed the prospects for an aggressive run of interest rate increases in the world’s biggest economy,…

Activity in Spain’s ports was intermittent Monday as dockworkers began a three-day strike to protest layoffs stemming from an effort to liberalize the industry in line with European Union rules.…

Malaysia’s April exports rose 20.6% from a year earlier thanks to higher shipments to China and robust demand for electronics, official data showed Monday.