World Economy

The International Monetary Fund is projecting strengthening world growth in 2017 and has upgraded its estimates of Canada’s economic potential. However the Washington-based agency says any moves…

The International Monetary Fund on Monday lifted its forecast for US economic growth in 2017 and 2018 based on president-elect Donald Trump’s tax cut and spending plans, but said this would…

Sterling slid to three-month lows in Asia on Monday with investors again spooked by concern over Britain’s exit from the EU, while US policy uncertainty lingered ahead of president-elect Donald…

The real GDP growth in the (Persian) Gulf Cooperation Council states in 2017-18 is likely to remain weak by historical standards with an average of 1.6% and ranging from 0.7% for Saudi Arabia to 3…

The International Monetary Fund said Monday that it has cut its growth forecasts for Italy for 2017 and 2018, ANSA reported. It expects Italy’s GDP to rise 0.7% this year, down 0.2 of a percentage…

India’s wholesale price index inflation rose to 3.39% in December from 3.15% in November, the government data showed Monday, KNNIndia reported. Manufactured products inflation rose to 3.67% from 3…

The Bank of Japan will maintain its current monetary easing framework featuring yield curve controls as long as it needs to achieve its 2% inflation target, BoJ Gov. Haruhiko Kuroda said Monday,…

Markets have rallied since November on the expectation that Trump and the Republicans will quickly enact a growth-oriented economic agenda—including tax cuts, regulatory relief, and targeted…

Policymakers must reconsider their priorities and put significant improvements to people's living standards at the heart of their economic policies, according to the findings of the World Economic…

The worst is over for the Brazilian economy, which is likely to start growing in the first quarter of 2017 after two years of recession, Finance Minister Henrique Meirelles said in an interview…

United States president-elect Donald Trump warned German car companies he would impose a border tax of 35% on vehicles imported to the US market, a plan that drew sharp rebukes from Berlin and hit…

Davy Stockbrokers have Monday predicted that Ireland’s GDP will grow by 3.7% in 2017. This is a minor downward revision from 4.0% previously but still likely to be the strongest growth across…

Britain ranks one of the worst advanced countries for employment opportunities, pay, living standards and social inclusion. That is according to the World Economic Forum, which released a major…

The International Monetary Fund on Monday raised its growth forecast for China but warned rising debt that has prompted concern about the country’s finances increase the risk of a sharper slowdown…

Terming the current economic model of the world “deeply flawed”, a new study Monday said sustainable business plans can open up economic opportunities worth at least $12 trillion and generate up…

The European Central Bank will wait until late this year before considering reining in its bond-buying plan, and won’t halt the program until well into 2018 at the earliest, economists say.

Eight men now control as much wealth as the world’s poorest 3.6 billion people, according to a new report from Oxfam International.

The men—Bill Gates, Warren Buffett, Carlos Slim, Jeff…

World Economic Forum founder Klaus Schwab wrote at the start of the year, “Leaders must understand that we are living in a world marked by uncertainty, volatility and deep transformational changes…

Leading credit rating firm, Fitch has maintained its A rating on Ireland citing the rapid improvement in the country’s economy and the state’s finances, Bignewsnetwork reported. The rating agency…

When the British bank HSBC released its economic growth forecast recently, it gave a better forecast for the Philippines compared to other markets in Asia, ABS/CBN reported. HSBC sees that the…

Negative interest rates remain fundamental to the Swiss National Bank’s monetary policy to head off any excessive appreciation of the Swiss franc, the bank’s vice president said in an interview…

Mexico’s economy minister sent Donald Trump a fighting message: We will retaliate right away if you hit us with a “major border tax”, CNNMoney reported. “It’s very clear that we have to be…

The Chinese economy is likely to hit bottom in 2017 as several factors will combine to support the bottoming process, a Chinese economist said, Xinhua reported.

Japan, China and the rest of East Asia enjoyed rapid development and rising living standards by opening up their economies and becoming integral parts of the global trade and economic system. The…

The Indian government is considering a proposal to increase foreign direct investment limit in print media sector to 49% from 26% at present.

Currently, the FDI policy permits 26% foreign…