World Economy

Cyprus’ trade deficit in January 2017 jumped by 58% to €349.8 million ($371.40 million) compared with €220.9 million in the corresponding period of 2016, the Cyprus Statistical Service said…

Tanzania’s youth unemployment rate remains a big challenge to growth and the government must address it. Among ways recommended include connecting them to the banking sector for them to access…

The International Monetary Fund expects Armenia’s gross domestic product to grow by 3% and annual inflation to reach 2% in 2017, Hossein Samiei, the IMF mission chief, said on Wednesday, Reuters…

In what is seen as a dangerous development for Pakistan’s external sector, the monthly import bill crossed $5 billion for the first time in March, which took the nine-month trade deficit to $23.4…

China’s producer price gains slowed last month from a peak in February, decelerating for the first time since September 2015 and tempering the global inflation outlook.

World trade is on track to expand by 2.4% this year, though there is “deep uncertainty” about economic and policy developments, particularly in the United States, the World Trade Organization said…

The Philippines “will remain a top performer” in East Asia and the Pacific, the World Bank said, even as it flagged risks that include rising global interest rates that could weaken the peso,…

Domestic and foreign companies likely will invest $14 billion in Argentina this year as firms open their pockets to make good on previously announced investments, the head of the government’s…

Egypt’s urban consumer inflation rose at a slower pace in March and core inflation dipped, the first signs of stabilizing prices after the shock from a huge currency depreciation.

President…

Zimbabwe’s economy is in intensive care because it does not have a national vision to grow it, the Affirmative Action Group has said.

The country, currently saddled with over $10.8 billion…

Turkey’s current account deficit reached $2.527 billion in February 2017, up $564 million from a year earlier, official data revealed on Tuesday. “The current account deficit recorded $2.527…

Ireland has increased its forecasts for economic growth to 4.3% this year and 3.7% next year but even that may prove too pessimistic after a muted initial impact from Brexit, Finance Minister…

The world isn't doing enough to help workers and communities displaced by global free trade, says a new report. It calls on countries to put in place necessary measures to help those who lose out…

Japan’s working-age population is facing a steep decline, new demographic research confirms, leaving the country’s future vitality precarious barring major improvements in social security and…

Mariano Rajoy is eyeing up a tentative coalition as his best bet for securing backing for his budget, which is crucial to show the European Union the Mediterranean country is back on its feet.…

Saudi Arabia’s Tadawul All Share Index closed flat as 74 shares advanced and 68 of them declined. Domestic-focused shares were some of the best performers, with electronics retailer United…

South Africa’s manufacturing output shrunk 3.6% year-on-year in February, a worse number than the market expected, after expanding by a revised 0.4% in January, Statistics South Africa said on…

After several years of declining gross domestic product, falling consumer prices and widening fiscal deficits, Brunei Darussalam is poised for a mild turnaround, the Asian Development Bank said,…

The European Central Bank will not raise its deposit rate until next year at the earliest, according to more than three-quarters of euro money market traders polled by Reuters. Recent better-than-…

Russia’s inflation rate keeps tumbling. Consumer prices rose by 4.3% year-over-year in March, in line with expectations, and below the prior month’s reading of 4.6%. This is the lowest rate since…

Twenty years after the Asian financial crisis and a decade since the global credit crunch, the region is swimming in debt.

The eurozone’s economic activity in the manufacturing and the services sectors, measured by IHS Markit showed that the activity expanded less than initially estimated. However, the overall…

Federal Reserve chair Janet Yellen has said the central bank no longer needs to give the US economy some “oomph”. The Fed has only raised interest rates three times in the last decade—most…

A series of political elections will be held in 2017, with many to be fought on lines of ‘for’ and ‘against’ membership of the euro. For the first time since its inception in 1957, the European…

South Korean economists and ordinary citizens alike want the next administration to make economic growth and income distribution its top priorities, a survey said Sunday.

The same survey…