World Economy

Fitch Ratings affirmed Hungary?s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-’ with a Stable Outlook, Hungarian news agency MTI reported. Fitch bumped Hungary back…

Thailand’s economy saw a slight pick-up in the first quarter of the year, data showed on Monday, as the junta-run nation recovers from a dip caused by the recent death of its long-reigning king,…

With global demand not showing any signs of a pickup, India’s merchandise exports contracted for the eighth month running in July, registering a 10.3% drop over last year, PTI reported. The trade…

Shares edged higher Monday in Europe and Asia, despite worries of disruptions from the “WannaCry” ransomware cyber attack over the weekend. While upbeat talk on trade and infrastructure investment…

The ongoing increase of household debt brings focus on whether President Moon Jae-in will manage to fulfill his pledge of curbing swelling household debt, which has long been a drag on South Korea…

Greece entered a recession in the fourth quarter, ending a turbulent year with its economy back in the doldrums.

Gross domestic product contracted 0.6% in the three months through December…

Retail sales in Brazil unexpectedly fell in March at the steepest monthly rate in 14 years, strengthening bets on a bolder interest rate cut at the end of this month. Sales volumes excluding cars…

Turkey’s unemployment rate was announced at 12.6% in the February period, with a 1.7% year-on-year increase, official data showed on Monday, Anadolu Agency reported. This rate showed a slight…

Chinese President Xi Jinping pledged $124 billion on Sunday for his ambitious new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old…

Australia is host to diplomats from China, Britain, and dozens of other countries in the economic and services hub of Cairns from Sunday, as part of an effort to drum up investment and broaden the…

Hong Kong’s economy enjoyed a strong start to 2017, with official data confirming the earlier survey signs of faster growth.

Bangladesh’s gross domestic product growth reached 7.24% this fiscal year, beating all the previous records in the history of the country’s economy, according to a provisional estimate by…

Finance ministers and central bank governors of the Group of Seven industrialized countries agreed to make efforts to close economic gaps in their countries during their meeting that ended late…

Pitching for rapid movement towards digitization of India’s economy, Union Minister Arjun Ram Meghwal Sunday said the government’s digital initiative is crucial to curb the black market, PTI…

The inflation rate in Tunisia reached 5% in April 2017 after stagnating at 4.6% in January and February, followed by an increase to 4.8% in March, announced the National Institute of Statistics,…

Don’t look now, but banks are failing again in America. The past several years have been relatively placid for the banking industry. After the wholesale failure of the system during the financial…

Finance Minister Magdalena Andersson has admitted Sweden has “major problems” as a result of the population growth brought on by mass immigration.

On May 8, central bank executives from across the globe gathered in a hotel in Tokyo. The meeting, called by the Bank for International Settlements, was a rarity in that it was held in a city…

Greece cut its 2017 growth forecast to 1.8% from 2.7%, according to a mid-term budget plan unveiled late on Saturday, driven by uncertainty caused by delays in concluding the latest review of…

Kenya and the other member states of the East African Community are now greatly outperforming the economies of most countries in the sub-Saharan region, the International Monetary Fund said in a…

Risks to the eurozone economy are still not balanced and the European Central Bank needs to see evidence that wage pressures are feeding into inflation before it shifts its policy stance, Philip…

US retail sales increased broadly in April while consumer prices rebounded, pointing to a pickup in economic growth and a gradual rise in inflation that could keep the Federal Reserve on track to…

Financial leaders of seven leading world economies pledged stronger cooperation against cyber crime on Saturday and not to use foreign exchange to gain competitive advantage, but stuck to their…

The Philippine economy is projected to accelerate 6 to 7% this year, hitting the mid-range of the government’s target, on the back of robust infrastructure spending and growth in services.

The 15-nation Caribbean community is angry at the United States for labeling virtually all members of the regional trade bloc as money laundering jurisdictions and plans to mount a stiff lobbying…