World Economy

In the first two quarters, the growth rate of Chinese economy plunged to its lowest level since 1990. Is the “Chinese economic miracle” over? Recently, large-scale economic fluctuations have hit…

Besides suffering from macroeconomic imbalances, like a drop in GDP, a high inflation rate and a large public deficit, Brazil is experiencing heavy losses as many oil industry and logistical works…

Global financial services major Barclays has maintained its India growth forecast of 7.8% for 2015-16, saying strong rise in central government spending is expected to boost expansion in the…

The EU hosts just over 7% of the world’s population but generates 23.7% of its GDP, according to a Eurostat publication, Yahoo reported. The 2015 edition of EU in the World compares the EU with…

Financial leaders from the world’s 20 biggest economies agreed on Saturday night to step up reform efforts to boost disappointingly slow growth, saying reliance on ultra-low interest rates would…

As Congress prepares to return for the fall session, President Obama is calling on lawmakers to pass a budget and avoid another government shutdown.

Slowing growth in emerging markets and currency fluctuations in anticipation of a US interest rate hike may push third-quarter revenue and earnings estimates lower this month.

World financial leaders will agree to calibrate and communicate monetary policy carefully to avoid triggering capital flight, but will not call an expected US rate rise a risk to growth, a draft…

Inflation in the eurozone may enter negative territory in the coming months but the European Central Bank will stick to its “steady hand” policy, ECB Governing Council member Ewald Nowotny said.…

In the last few critical years of Egypt’s history, the growth of its economy has depended heavily on the development of the real estate sector, Amwal Al Ghad reported. The real estate sector in…

The latest CSO figures show that the Irish economy continued to perform very strongly in the first quarter of 2015. GDP was up 1.4% in the quarter and 6.5% in the year, more than twice that of the…

Japan may exempt some food and beverages from a planned increase in the sales tax, government sources said.

Prime Minister Shinzo Abe’s government plans to raise the nationwide sales…

Cashback, “golden hello” payments of up to £150 ($227.5), and generous rates of interest are among the latest carrots being dangled in front of bank customers in an attempt to persuade them to…

Allied Irish Bank has increased its new business lending in Britain by 54% year-on-year to £768 million ($1.16 billion) in the first half of 2015. Gerard O’Keeffe, head of Allied Irish Bank (GB),…

Afghanistan’s President Ashraf Ghani has opened a conference of donors to his country’s reconstruction after almost 40 years of war, telling them he has made progress on a range of major…

Devaluation is now the preferred tool to reinvigorate slowing economy. On a traded-weighted basis, the US dollar is at its highest level in over a decade. Resource-based countries have seen their…

Chinese Vice Premier Wang Yang said Saturday that Russia’s push to revamp its run-down Far East region coincided with Beijing’s strategy, backing President Vladimir Putin’s drive for new sources…

The second estimate of gross domestic product indicates that the UK economy grew by 0.7% in the second quarter of 2015, the tenth successive quarter of output growth.

Standard Chartered Plc is considering cutting about a quarter of its senior banking positions as part of a plan by Chief Executive Officer Bill Winters to reverse a two-year profit slide at…

Inflation in Switzerland has slumped to its lowest level since 1959, Euronews reported. Consumer prices posted their biggest monthly fall in 56 years in August, the result of a…

The Turkish lira hit a record low against the dollar, hit by political uncertainty and security concerns, and as investors digested US jobs data that kept alive expectations for a rate hike in the…

Saudi Arabia is being accused of trying to water down the climate agreement at international talks in Bonn this week. But the Middle East is vulnerable to the effects of climate change–and …

The European Central Bank has held its first meeting since Chinese markets tumbled following sharply reduced growth predictions. These have had a run-on effect on the eurozone, with both growth…

The International Monetary Fund (IMF) believes the US central bank has room to postpone raising interest rates this month amid a “pretty bumpy” global economic situation, including fears of a…

When the Group of 20 finance ministers and central bankers meet on Friday in Turkey, China’s market turmoil is likely to be the biggest problem they do nothing about.