• Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.

    Italy’s economy is growing again, but it’s still the worst performer in the euro region, souring voters’ spirits before the March 4 election.
    With polls before the two-week blackout showing no overall winner, the parties are honing their pitches on the economy, Bloomberg reported.
    Former prime minister Silvio Berlusconi promises his tax-cutting plans will drive faster growth. The anti-establishment Five Star Movement guarantees a “citizen’s income” for the most disadvantaged.
    The ruling Democratic Party points to the steady recovery from the country’s worst recession since World War II. Yet it’s hampered by unemployment stuck at almost 11%.

World Economy

  • Maersk is expanding its competitive universe to include different types of companies.
    02/22/2018
    The world’s largest container company will start looking for takeover targets outside the shipping...
  • Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
    02/22/2018
    Italy’s economy is growing again, but it’s still the worst performer in the euro region, souring voters’ spirits before the March 4 election. With polls before the two-week blackout showing no...
  • CBs May Top Inflation Targets
    02/22/2018
    Not only will central banks meet their inflation targets, they may even exceed them.
  • Australia Needs Broader Tax Reform
    02/22/2018
    The International Monetary Fund has backed the Australian government’s pursuit of a lower corporate tax rate, but has again called for a broader tax reform package. The IMF estimates broad-based...
  • Pak Current Account Gap Widens
    02/22/2018
    Pakistan’s current account deficit widened 28.74% on a month-on-month basis to $1.61 billion in January 2018 compared to $1.25 billion in December 2017; suggesting the recent corrective measures...
  • The continued deterioration of the socio-economic environment is a major concern.
    02/22/2018
    The International Monetary Fund estimated that 2017 economic growth in Palestine slowed to close to 3%, despite authorities citing higher growth, it announced Tuesday. “At this rate, growth will...
  • An electronic stock indicator of a securities firm in Tokyo.
    02/22/2018
    As investors come to terms with the impending end of easy monetary policy, a new threat looms: The heavy supply of US Treasury could bump up bond yields and place greater pressure on stock prices...
  • BoJ Will Struggle to Raise Rates
    02/22/2018
    The new Bank of Japan leadership won’t be able to raise interest rates this year as the central bank missed the best opportunity to do so in 2017, former BoJ board member Sayuri Shirai said on...
  • Close to 40% of digital transformation initiatives will be supported by AI capabilities.
    02/22/2018
    The digital economy in Asia-Pacific, or APAC, is expected to be worth $1.16 trillion by 2021, accounting...
  • Dutch Step Up Call for Eurozone Debt Writedown Rules
    02/22/2018
    The Netherlands is demanding that private investors face mandatory debt writedowns in future eurozone bailouts, a position that will fuel arguments as countries spar over the next phase of...
  • More Scots Jobless
    02/22/2018
    Scotland’s unemployment rate rose to 4.5% in the final three months of last year, according to official data. The increase took the unemployment rate from 4% to 4.5%. The number of adult Scots...
  • Lloyds Profits Miss Forecasts
    02/22/2018
    Lloyds Banking Group PLC raised its 2017 dividend by 20% and announced a £1 billion ($1.39 billion) share buyback as it reported an increase in profits and unveiled its new strategy. The bank...
  • NZ Says Pacific Trade Deal Will Boost GDP
    02/22/2018
    New Zealand estimates a Pacific trade deal would boost its economy by up to 1% as exporters would face reduced tariffs on goods like kiwifruit and beef, AP reported. The analysis Wednesday came as...
  • Gold Hits  1-Week Low
    02/22/2018
    Gold prices fell further on Wednesday and hit a one-week low as the dollar steadied after a recovery from last week’s three-year low, while investors awaited the minutes of the US Federal Reserve’s...
  • Colombia Expects Better Times
    02/21/2018
    Colombia’s economy could grow 3% this year as sectors like tourism and agriculture...
  • File picture of truckers in Buenos Aires during a demonstration last summer against the policies of Mauricio Macri.
    02/21/2018
    The Argentine economy grew “close to 2.8%” last year, Guido Sandleris, head of the...
  • GM Seeking  S. Korea Backing
    02/21/2018
    General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean...
  • Indonesia Criticizes Trump’s Protectionist Policies
    02/21/2018
    Indonesia is foregoing billions of dollars on offer from American companies eager to invest in...
  • Goldman Raises Red Flag Over US Gov’t Spending
    02/21/2018
    US fiscal policy is headed for “uncharted territory.” That’s how a team of economists at Goldman...
  • EU Prepares Response to Possible US Tariffs
    02/21/2018
    The European Commission is mulling concrete countermeasures, should the United States...  
  • Venezuela’s Digital Currency Makes Debut
    02/21/2018
    Venezuela has begun the process of introducing a new digital currency.
  • The bank’s High 5s will allow Africa to achieve  90% of the SDGs.
    02/21/2018
    Over the past few years, the African Development Bank has confirmed its position as Africa’s premier...
  • ADB Forecasts India Growth at 7.3 Percent
    02/21/2018
    The Asian Development Bank expects India’s growth to pick up in the coming financial year...
  • Ghana Told to Cut High Agro Imports
    02/21/2018
    The World Bank country director for Ghana, Henry Kerali, has advised that the government turn...
  • London-based Capital Economics expects the German economy to expand by 2.7% this year. This would be above the government’s  more conservative forecast of 2.4%.
    02/21/2018
    The German economy is expected to improve in the next six months despite a slight...

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