World Economy

The OECD has warned that financial markets are running ahead of economic reality, but it may be the OECD’s economic forecasts that are too pessimistic.

India’s iron ore output surged 27% to 154.48 million tons during April-January of this fiscal following lifting of the mining ban. It stood at 122 million tons in the same period of 2015-16.

China said Sunday that its politically significant anti-graft drive gained a “crushing momentum” last year as 63,000 officials were punished with the number of prosecutions increasing by one-third…

Icelandic authorities will present changes to the country’s capital controls later on Sunday, a central bank spokesperson said, Reuters reported. Capital controls were imposed at the height of the…

Ireland’s gross domestic product grew by 5.2% in 2016, making it the European Union’s fastest growing economy for the third successive year as a robust recovery remained strong ahead of potential…

Based on a slew of economic metrics that came out on March 3, the uptick in global economic growth carried on in February 2017. However, this view fails to reflect the complete picture–there are…

A majority of businesses in the content, tourism and retail sectors said they are suffering from the ongoing spat between South Korea and China over the deployment of a US missile defense system,…

Bounced cheques are increasing across Oman as residents facing pay freezes struggle to make ends meet. The economic downturn in Oman has led to lay-offs, delays in salary payments and a freeze on…

Pakistan’s trade deficit widened to a record high of $20.2 billion during the eight months of the ongoing fiscal year, $5.2 billion higher than the deficit recorded in the comparative period of…

A trade war between China and the United States would only cause pain, China's commerce minister said on Saturday, as analysts say the specter of deteriorating US-China ties is likely to weigh on…

German Finance Minister Wolfgang Schaeuble rejected demands on Saturday from some fellow conservatives for large tax cuts after a September election, saying there was only scope for about €15…

Christine Lagarde, managing director of the International Monetary Fund, warned against the dangers of protectionism, Xinhua reported.

Poland’s Deputy Prime Minister Mateusz Morawiecki said he saw a chance that economic growth would accelerate in the first quarter of 2017 to around 3%, Reuters reported. “There is a chance for…

Portugal’s largest bank, the state-owned Caixa Geral de Depositos, plans to slash its foreign assets by half by 2020 as part of an ongoing restructuring and will prioritize selling its Spanish and…

Egypt’s net foreign direct investment inflows surged to $2.41 billion in the second quarter from $1.76 billion in the same period the previous year, the central bank announced in a statement.

Bank shares have been the runaway winners of the post-election US stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth…

Weak corporate earnings, dismal growth for the US economy, and a global economy in trouble are three reasons why the US stock market crash in 2017 is a strong possibility. The S&P 500 could…

Growing expectations that the US Federal Reserve will raise interest rates this month following a better than expected Automatic Data Processing payrolls report have pushed gold down 3% this week…

Rwanda’s inflation rate increased to 8.1% during the month of February year-on-year, the National Institute of Statistics of Rwanda consumer price index monthly report indicates. Last month,…

A leaked report from the Spanish government has detailed how the country could lose up to €1 billion ($1.07 billion) in exports as a result of Britain’s departure from the European Union.

The head of the European Central Bank says global political events like Brexit and turbulent election campaigns in Europe pose increasing risks for the economy.

Mario Draghi said that the…

Industrial production in India bounced back in January expanding by 2.7% year-on-year mainly due to better performance by the capital goods segment, a barometer of investment activities.

A former governor of the Central Bank of Nigeria, Charles Soludo, says the nation’s gross domestic product has shrunk from about $575 billion to about $354 billion.

Soludo said this at an…

Egypt's annual inflation rate has hit 31.7%, figures for February show, as the government battles protests over bread shortages and a deepening economic crisis, the government statistics agency…

Global efforts to create a market for growth-linked bonds that could help avert debt crises have stalled because none of the wealthy economies backing the drive are willing to take the lead and be…