World Economy

The World Bank has predicted a 2.6% growth rate for Afghanistan in 2017–a 0.4 percentage point increase from last year’s estimate of 2.2%. But the security situation would have a significant…

South Korea launched on Monday a $10 billion stimulus package to create jobs and bolster welfare programs in the country faced with slow growth and ageing population, AFP reported.

Activity levels across Australia’s enormous services sector improved for a third consecutive month in May, although at a slower pace than in April.

The Ai Group’s Performance of Services…

Forecasts for US economic growth are coming in slightly lower after a weak first quarter, according to a survey of business economists released Monday.

Russia says 386 agreements worth two trillion rubles ($35.32 billion) were signed at the recently concluded St. Petersburg International Economic Forum 2017.

The World Bank is keeping its forecast for global growth in 2017 unchanged, because for the first time in years, no new risks have arisen to threaten the outlook.

"Over the past four years…

Egypt’s foreign reserves jumped to $31.1 billion at the end of May from $28.6 billion at the end of April, boosted by last month’s Eurobond sale, the central bank said.

Egypt, which has…

Strong services sector data and firmer oil prices pushed emerging market equities to fresh two-year highs on Monday, but Qatar stocks and bonds sold off after four other Arab states accused it of…

India has surpassed China to secure the top position among 30 developing countries on ease of doing business, according to a study that cited India’s rapidly expanding economy, relaxation of FDI…

The World Bank cut its forecast for South Africa’s GDP growth for 2017 by 0.5 percentage points to 0.6% in its June Global Economic Prospects report released on Sunday. It has lowered its…

A growing split among eurozone policymakers has made investors question how long the current level of stimulus can last, leading to a reduction in demand for long-dated government bonds in the…

A combination of strong net migration, tourist inflows and improving rural sector income points to a continued solid outlook for the New Zealand economy, as detailed in the latest NZIER Quarterly…

The US Federal Reserve on Tuesday fined German financial giant Deutsche Bank $41 million over failures to screen billions of dollars in potentially suspicions transactions, AFP reported. The…

Food prices climbed at their fastest rate for more than three years in May as the weak pound pushed up import prices, new research shows, BBC reported. The British retail consortium measured the…

Global stocks were mixed Wednesday as worries lingered over political uncertainty in Washington while China was boosted by manufacturing data. The British pound fell on concerns that the general…

Inflation across the 19-country eurozone has fallen to its lowest level this year, official figures showed Wednesday, in a development that may temper speculation that the European Central Bank…

China’s industrial engine cranked up again in May, reassuring investors worried about slowing growth in the world’s second-biggest economy as it grappled with debt risks and tried to shake off a…

Experienced Indian techie Raghu Narayanaswamy lost his job recently and fears he may not get another, as analysts warn of massive layoffs across the country’s multi-billion-dollar information…

Turkey’s foreign trade deficit rose to $4.95 billion in April with a 16.7% year-on-year increase, official data showed on May 31, Andolu Agency reported. While the country’s imports surged 9.9%…

French consumer confidence last month hit its highest level since August 2007, statistics showed Tuesday, as more people had a positive outlook about their future earnings as the country elected a…

Brazil expects good news this week—the first return to growth after two years of recession—but with the political system in chaos and unemployment at record highs, few will celebrate.

For the first time since 2011, Saudi Arabia's foreign reserves have dropped below $500 billion. The  Saudi Arabian Monetary Authority said on Sunday that its foreign reserves had fallen by $8…

Thailand’s private consumption and investment dropped in April from the previous month while exports increased, central bank indexes showed on Wednesday, suggesting the economic recovery was…

Protesters vented their fury at Goldman Sachs over the US banking giant’s decision to buy $2.8 billion in Venezuelan government bonds, saying the move gives a lifeline to President Nicolas Maduro…

Unemployment in Italy dropped by more than expected, hitting its lowest level in over four years, while Germany’s record low unemployment rate dipped even further in May, hitting a fresh post-…