World Economy

In a supplement published Thursday to its September report on the development outlook for the region, the Asia Development Bank has maintained growth projections of 5.8% for 2015 and 6.0% for 2016…

Cash-strapped Chinese steel mills are dumping iron ore stocks, selling at a loss to shore up cash flow in the latest sign of the sector’s worsening crisis, steel mill and trade sources said.

The European Central Bank has unleashed new stimulus for the eurozone economy, cutting a key deposit rate and extending an asset-buying program in a bid to boost inflation and encourage more…

Federal Reserve Chair Janet Yellen told Congress Thursday that economic conditions appear to be improving enough for policymakers to raise interest rates when they meet in two weeks—as long as…

Brazil’s gross domestic product fell by a record 4.5% year-on-year in the third quarter, confirming fears that Latin America’s largest country is on track for its worst recession since…

Asian shares slipped while the euro retained lavish gains on Friday, a day after its biggest one-day surge in nearly seven years as the European Central Bank’s stimulus package fell well short of…

Ratings agency Moody’s said on Thursday that a British exit from the European Union would hurt the country’s economy by damaging trade and investment and could put its credit rating at risk of a…

As the world gathers in Paris for the two-week UN climate summit, known as COP21, the December 2015 issue of Finance & Development magazine explores the tensions—and complementarities—between…

Denmark’s economy contracted in the third quarter as a drop in exports and stagnant domestic demand brought two years of expansion to an end, Bloomberg reported. Gross domestic product declined 0.…

Zambia’s economic growth will fall below 4% in 2016 due to domestic challenges and one or two international pressures but will pick up in subsequent years, the World Bank said, NewsNow reported.…

Major tourism operators with Turkish shares will have to review their presence in the Russian market, and many Russians, working for those companies, may face losing jobs, press secretary of the…

Saudi Arabia has managed to keep the level of its foreign exchange reserves stable at $659.5 billion at the end of October, according to local media, Arab News reported. The reserves have remained…

India’s economic growth picked up in July-September, outpacing China on improving domestic demand and manufacturing activity, and the acceleration could persuade the country’s central bank to keep…

Bank of Japan Gov. Haruhiko Kuroda is starting to convince bond investors he can revive inflation without extra monetary easing.

JPMorgan Chase & Co., the world’s biggest investment bank by revenue, is leaving its bonus pool roughly unchanged from 2014, adding to pressure on weakened rivals, according to people with…

The euro headed for its biggest monthly decline since March as economists unanimously forecast the European Central Bank will unveil additional stimulus this week, Bloomberg reported.…

Turkey’s foreign trade deficit decreased by 42.5% from $6.29 billion to $3.62 billion in October compared to same month last year, according to data released by Turkish Statistical Institute on…

Credit default swaps show South Africa's credit rating may be due for a downgrade, and economists agree. Twelve of 13 analysts surveyed by Bloomberg said Fitch Ratings will this week cut its…

The two-quarter retreat in Standard & Poor’s 500 Index earnings is about to become a three-quarter swoon, and this time it isn’t just because of plunging energy prices.

Thailand’s economic recovery remained anemic in October, with most indicators showing gradual improvements, the Bank of Thailand said Monday.

According to its monthly report, Thailand’s…

Sweden’s economy grew twice as fast as economists had predicted as exports and consumer spending gained, easing pressure on the central bank to deliver more stimulus.

Fitch Ratings has affirmed Singapore’s long-term foreign- and local-currency Issuer default ratings at ‘AAA’ with stable outlook. The debt issue on Singapore’s senior unsecured local-currency…

Currency traders are gearing up for one of the busiest weeks of the year. The European Central Bank is forecast to boost monetary stimulus, the Federal Reserve gets its last chance to scrutinize…

The growth of the UK's economy is losing some momentum, figures from the Confederation of British Industry reveal, NewsNow reported. Growth across manufacturing, retail and service sectors…

The world is on the cusp of a third wave of globalization which will see global merchandise trade quadruple by 2050 and trade in services accelerate, thanks to increased economic integration and…