World Economy

Halliru Godel, a member of the Association for the Emancipation of Rights of Small Scale Industrialists, has called for overhauling the taxation system in Nigeria to fast track economic…

South Korea's job market is under strain from not only a rising unemployment rate but also an increasing number of people who have been jobless for a long time, data showed Sunday.

The International Monetary Fund said late Saturday its executive board approved a new two-year flexible credit line arrangement for Poland worth about €8.24 billion ($8.77 billion), about half the…

The head of Indonesia’s National Development Planning Agency, or Bappenas, Bambang Brodjonegoro, has said household consumption and inflation will be the key to achieving higher economic growth in…

The employee union of the Reserve Bank of India has urged the bank’s governor to protect central bank autonomy and not allow the federal government to interfere in processes following criticism…

What would the future of the world economy be if China’s growth were to plunge? It is a scenario many China bears have predicted. With both official and private figures released this month…

Rising food and transport costs, have made life difficult for many Zambians in recent months as the country feels the effects of a drop in demand for copper that has in turn left the economy…

Malta Central Bank report shows that economic activity is performing better than average in the last 16 years, the government said Saturday, Malta News Agency reported. For the fifth consecutive…

The Brazilian government is drafting a decree to allow 100% foreign ownership of local airlines, a transportation ministry spokesperson said, a move that could attract investors to a recession-…

Qatar’s inflation rate fell to 1.8% in December, the lowest mark in 2016, according to latest official figures, Arabian Business reported. Qatar’s Statistics Authority released the December…

According to data released by Spain’s Office of National Statistics, Spanish inflation jumped to a three-year high in December 2016. The annual change in the consumer price index reached 1.6% in…

Lars Heikensten, executive director of the Nobel Foundation, said he expects India’s share of the global economy to increase while commenting on the role of the country in the emerging world order…

Inflation in Central Europe rebounded in December to multi-year highs, in a turnaround likely to continue this year on rising oil prices, a jump in wages and loose fiscal policies.

Economic growth in the Middle East and North Africa is set to accelerate through 2018 following the bottoming out of oil prices in 2016 with all (Persian) Gulf Cooperation Council Arab countries…

Peru’s economy probably grew “somewhat under” 4% in all of 2016 and it is “highly likely” that November’s year-on-year monthly expansion was above 3%, central bank economist Adrian Armas said.

US President Barack Obama’s administration has launched a new complaint against Chinese aluminum subsidies at the World Trade Organization, accusing Beijing of artificially expanding its global…

Moody’s Corp. agreed to pay almost $864 million to resolve a multiyear US investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond…

Russia needs to ensure its economy is braced for an oil shock in either positive or negative terms, a deputy at the International Monetary Fund said.

Russia is party to a joint agreement…

Bulgaria’s unemployment rate edged up to 8% in December from 7.9% a month earlier, but improved by 2.0 percentage points from a year ago as the economy grew and businesses created more jobs, the…

Russia needs a large-scale increase of investments because of wear and tear of transport, energy, public utility and social infrastructure, the World Bank said in its research of the Russian…

The New Zealand economy is expected to grow 3.5% over the coming year, with construction, tourism and household spending to lift inflation from its record lows, though international political…

The Kenyan economy will grow by 6% this year and stay steady at 6.1% over the next two years, according to the latest World Bank Global Economic Prospects report released this week, Yahoo reported…

The United Nations International Labor Organization released its 2017 World Employment and Social Outlook report Thursday, which finds economic growth trends lagging behind employment needs and…

Mexico’s economy grew by around 2.2% in 2016, Finance Minister Jose Antonio Meade said on Thursday, a rate that would mark a slight slowdown from the previous year.

Latin America’s second…

South Korea’s central bank has trimmed its forecast for the country’s growth in 2017 partly due to the fallout from a massive influence-peddling scandal.

Bank of Korea said Friday that the…