World Economy

Swedes looking forward to a six-hour workday just got some bad news: the costs outweigh the benefits. That’s according to the preliminary results of a two-year experiment carried out in the…

The Chinese economy faces significant uncertainty. Slowing economic growth, currency outflows, rising nonperforming loans and burgeoning debt have raised concerns about a possible hard landing…

Factory activity rose for the fourth month in December, raising hopes of a manufacturing rebound after more than a year of contraction. The purchasing managers’ index, an early indicator of…

Spain’s jobless queue shrank sharply last year, dropping by 9.5%, the labor ministry said Wednesday, as unemployment continues to recede from the record highs seen during the 2013 crisis, AFP…

Italian consumer prices fell in 2016, the first year of deflation since 1959, official data published Wednesday showed, AFP reported. Prices slipped by 0.1% last year from 2015, according to…

Construction spending in US reached a 10-year high in November, with growth in the private and public sectors both for the month and year-on-year.

The UK economy is forecast to be up to £55 billion ($67.5 billion) smaller by 2030 than it would have been without Brexit, with each household potentially £1,700 worse off per year according to…

Surging oil prices caused inflation in the 19-country eurozone to spike in December to its highest rate in more than three years, official figures showed Wednesday.

Eurostat, the European…

Foreign companies are continuing to flock to Ireland despite the twin shocks of Brexit and a €13 billion ($13.58 billion) adverse tax ruling against technology giant Apple last year.

The Czech Republic posted its biggest ever budget surplus last year after the government spent less than planned and economic growth boosted tax receipts, a rare success that ruling party leaders…

The Australia and New Zealand Banking Group Bank agreed to sell its stake in Shanghai Rural Commercial Bank for $1.32 billion as it continues to offload Asian assets as part of a restructure, AFP…

France aims to launch its first “green” bond by the end of the month, Finance Minister Michel Sapin said, as the government seeks to make Paris a center for financing environmentally friendly…

Globalization, the increasing integration of world markets, has already done a lot of great things for Americans. It has helped America win the war on communism. It has freed Americans from…

Swim or sink: That’s the message shipping executives in Asia are taking into the new year. Faced with a prolonged trade slowdown and depressed freight rates, the region’s container lines are set…

South Korea’s top economic policymakers issued warning messages Tuesday about financial uncertainties this year, stressing the need for thorough risk management.

Egypt’s trade deficit dropped 19.9% in October 2016 compared to the same month in 2015, reaching EGP 27.83 billion ($1.54 billion), the state’s statistics body CAPMAS announced on Tuesday, Ahram…

Croatia’s public debt to GDP ratio fell to around 85% at the end of the third quarter of 2016, the first year that is expected to see a drop in public debt after its continued rise for eight years…

Italian new car sales increased 13% in December, giving the market its second consecutive year of double-digit growth in 2016, Europe Autonews reported. Registrations increased to 124,438 last…

Bank of Mexico’s governor has warned that Donald Trump could be a “horror film” for the nation. Analysts say the country’s economy is in for a nightmare even if the incoming president doesn’t…

About 60% of major Japanese companies expect the economy to grow in 2017 on recovering consumer spending and hopes that president-elect Donald Trump’s policies will boost the US economy.

Germany’s employment figures for December were better than those from the previous year, the federal jobs agency has reported. Despite a lot of uncertainty, the labor market is still very robust,…

China’s central bank injected a total of 868.75 billion yuan ($124.90 billion) via short- and medium-term liquidity tools in December, its data showed on Tuesday, as it continues to support credit…

Singaporean economic growth surged in the final three months of 2016, according to advanced estimates released by the government on Tuesday.

The Ministry of Trade and Industry said that GDP…

As at September 2016, Nigeria had a total of 31 million jobless people and this is why the magnitude of employment in the economy has not been sufficient to meet the ever-growing labor market,…

Brazil posted its biggest trade surplus ever in 2016 as imports plunged amid the country’s worst economic recession on record.