World Economy

A study commissioned by Greenpeace has found out that China massively expanded its steelmaking capacities last year, despite pledging to cut output amid a steel glut that has led to a global…

The UK economy will slow down sharply over the next couple of years says the European Commission. 

Its latest forecast says the UK economy will grow by just 1.5% this year and by 1.2%…

Greece’s ‘shadow economy’ ranks first in the world estimated at 21.5% of gross domestic product, a study by the Institute for Applied Economic Research at the University of Tubingen in Germany…

Egyptian chocolate spread maker Swifax has doubled its sales and is struggling to keep up with demand since the pound currency dived in November, forcing shoppers traditionally “obsessed with…

Not so long ago, Mongolia was the world’s fastest-growing economy. Now, by nearly every metric, it’s in a dire fix. Its debt has surged, its currency has plummeted, and its budget deficit has…

Polish public finance deficit amounted to 2.3% of GDP in 2016, the lowest level since 2007, Radio Poland quoted the European Commission report as saying. According to the EC, in 2017 deficit will…

As the global economy continues to struggle with a weak recovery, the question is whether the age of deflation will now be replaced by stagflation? 

French Economy Minister Michel Sapin has dismissed a US attack on Germany’s trade surplus but urged Europe’s biggest economy to boost its spending on investment.

In an interview trailed by…

Cyprus is experiencing a solid economic recovery and growth is expected to remain robust, although it looks set to slow slightly, the European Commission forecasted on Monday.

Inflation is…

Almost all major central banks have employed quantitative easing, known as QE, during certain periods in the wake of the global financial crisis to revive their economies and reach inflation goals…

Royal Bank of Scotland Group Plc is preparing to cut more than £1 billion ($1.25 billion) of annual operating costs by eliminating jobs and closing branches as it seeks to bolster profitability,…

Driven by its huge financial reserves and continued public sector spending ahead of the FIFA 2022 World Cup, Qatar’s economy is projected to grow stronger in 2017, compared to the regional peers (…

The average rate of inflation in Portugal, measured by the consumer price index, rose from 0.9% in December 2016, to 1.3% in January mainly reflecting a rise in the price of fuel, the Portuguese…

The nation’s top chief executives have warned that Australia’s competitiveness is being eroded by the energy security crunch and tax system as US President Donald Trump advances plans for…

Christine Lagarde, the managing director of the International Monetary Fund, asked the second annual Arab Fiscal Forum on Arab states on Sunday, to implement five-to-10-year revenue targets and…

Swiss voters have clearly rejected plans to overhaul the corporate tax system, in a setback for government efforts to abolish low tax rates for thousands of multinational firms while encouraging…

Despite the prevailing harsh economic situation in Nigeria, experts are optimistic that there are clear indices indicating economic recovery and growth in 2017.

The South Korean economy has been facing heightened internal and external uncertainties on par with those in 2011, when the world was hit hard by the European fiscal crisis, a report said Sunday,…

Egypt’s annual inflation rate hit 29.6% in January, official figures showed Saturday, three months after the government floated the pound in line with an International Monetary Fund bailout.

Inequality has many shades in the world, but income inequality has been the most prominent nowadays. Just eight men own the same amount of wealth as the 3.6 billion people who make up the poorest…

Russian Healthcare Ministry’s official website has been targeted by a large hacker attack, Oleg Salagai, head of the ministry’s public health and communications department, told Tass on Saturday…

Inflation has risen to its highest level since June 2014 new figures will show this week, bringing the prospect of an interest rate hike closer, economists say.

US Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about US fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of…

Radical. That’s probably the single adjective that best covers the disparate economic policies being pursued in Asia’s three largest economies. 

The rally in US banking stocks hinges on expectations that the (US President Donald) Trump administration will relax or even remove regulations imposed on the sector in the wake of the 2008-09…