World Economy

Turkey dodged a recession as the economy returned to growth in the last three months of the year, data showed Friday, but its annual growth rate slowed sharply.

Russia’s central bank could consider cutting rates at its next board meeting this month because of a sharp drop in inflation, the head of the bank’s monetary policy department told Bloomberg,…

Turkey’s unemployment rate hit 12.7% in December, rising by 1.9 percentage points year-on-year, while youth unemployment stood at 24%, state agency Turkstat reported.

In November, the…

Kazakhstan’s state-run “bad bank” will buy 2.4 trillion tenge ($7.5 billion) of bad loans from Kazkommertsbank, the country’s biggest lender by assets, paving the way for a takeover by its closest…

Italy’s retail sales increased at a faster-than-expected pace in January, after falling in the previous two months, preliminary figures from the statistical office Istat showed Wednesday, RTT…

US consumer prices rose at a slower pace in February. Clothing and housing costs rose last month, while motor vehicle and gasoline prices dipped, CNBC reported. Consumer prices rose 0.1% in…

Asean members must remain vigilant to ensure a stable 2017 following their solid 2016, and are cautiously observing the latest developments in the world economies, particularly in the United…

Canadian household debt as a share of income rose to a fresh record in the fourth quarter, data from Statistics Canada showed on Wednesday in a report likely to underscore concerns consumers are…

A recent survey conducted among 176 recruiters showed only 49% of them expected new jobs to be created this year, a slight drop from the 51% of recruiters who predicted the creation of new jobs…

While it’s set to maintain monetary policy on Thursday, the Swiss National Bank might revise up its 2017 inflation forecast as higher energy costs boost headline price pressures, Bloomberg…

Tax rates in Mongolia are low, compared to rates in developing countries. To some extent, it is so low that almost equals to tax rates in offshore zones. A personal income tax rate of 10% is at…

The International Monetary Fund called on the Group of 20 major economies to work together to preserve the benefits of trade and avoid protectionism, while also urging them to reduce external…

Is a more hawkish US Federal Reserve no longer perceived by international investors to be a threat to valuations in emerging markets?

The Asian Development Bank sees the economy in oil-rich Azerbaijan contracting this year despite some positive developments and wants to see more reforms aimed at diversifying the country’s…

Economists have turned bullish about Singapore’s growth prospects this year, following a surge in manufacturing output during the last three months of 2016, according to a quarterly survey…

South Korea’s economy posted a trade surplus for 61 months through February due to robust export growth, customs data showed on Wednesday.

Revised figure for the February trade surplus…

The latest data suggest sustained momentum in the Chinese economy, creating room for policy makers to focus more attention on reforms.

Eurozone industrial production growth eased at a faster-than-expected pace at the start of the year amid weaker gains in almost all sectors, preliminary data from Eurostat showed Tuesday, RTT…

Thailand’s economic recovery is expected to advance at a moderate pace in the near and medium term and it has policy space and ample buffers to minimize the risk of a low-inflation, low-growth…

At a press conference in Reykjavik, Iceland’s government announced that it will lift almost all of the remaining capital controls, allowing its citizens, corporations and pension funds full access…

The Philippine unemployment rate rose to 6.6% in January from 5.7% of the same period last year, the Philippine Statistics Authority said in its quarterly labor force survey released Tuesday. The…

US producer prices increased more than expected in February as the cost of services such as hotel accommodation pushed higher and the year-on-year gain was the largest in nearly five years,…

The wholesale price index-based inflation jumped to a 39-month high of 6.55% in February compared to 5.25% in the previous month on the back of expensive food and fuel items, even as manufacturing…

Banks in Europe are starting to get nervous about real estate again. The amount of money available for property investment globally has fallen on an annual basis for the first time since 2011, led…

South Africa’s banks are going on the offensive after being criticized by some politicians over their lending practices and records in addressing racial inequality.