World Economy

A new United Nations report on the economic growth prospects for India in the current year states that it expects GDP growth to be 7.6%. This is rather higher than the 5% rate predicted for the…

Indonesia will drop JPMorgan Chase & Co from providing some services to the government after the bank’s research arm said investors should reduce their exposure to the country, senior finance…

Wall Street banks warn that president-elect Donald Trump might not turn the US economy into the robust and thriving American powerhouse that has been promised–at least not right away.

The price of bitcoin has breached the $1,000 mark, hitting a more than three-year high on Monday. The cryptocurrency was trading at $1,021 at the time of publication, according to CoinDesk data,…

The dollar recovered from a two-week low against a basket of six major currencies on Monday, though trade was thin with many markets closed for the New Year holiday.

Manufacturers in the eurozone started 2017 on a solid footing, after ramping up activity at the fastest pace in more than five years in December and building up a burgeoning order book, a survey…

Turkey’s manufacturing, which represents around a third of the country’s economy, slipped further into contraction in December, falling to its lowest level in four months, a survey showed on…

Spanish factory activity expanded at the fastest pace in 11 months in December driven by strong orders and increasing output, a survey showed on Monday, adding to expectations of more economic…

Sri Lanka’s headline inflation in the capital Colombo accelerated to 4.1% during the 12 months to December from 3.4% due to faster rise in food and beverage prices and moderate increases in non-…

Europe has not been doing well. In 2016, GDP per capita for the eurozone as a whole finally returned to pre-crisis levels. It is claiming victory in Spain—even though unemployment remains near 20…

The government has urged the British public to raid their savings jars ahead of the launch of the new pound coin.

Chief Secretary to the Treasury David Gauke announced on Sunday that the…

Interest rates in China are already on an upward trend as the economy improves, People’s Bank of China adviser Sheng Songcheng told Reuters in an interview.

“The economy is improving…so…

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 74.3% of GDP at the end of September, down from 75% of GDP at the end of June, the National Bank of Hungary announced…

German manufacturing growth reached its highest in almost three years in December, driven by rising demand from Asia and the United States, a survey showed on Monday, suggesting the sector will…

Pakistan’s annual inflation rate eased to 3.70% in December from 3.81% in November, the Bureau of Statistics said on Monday, Reuters reported. On a month-on-month basis, prices decreased by 0.68%…

Tanzania’s economy grew 6.2% in the third quarter of 2016, compared with 6.3% in the same period the previous year, Finance and Planning Minister Philip Mpango said on Monday, Reuters reported.…

South Korean banks cut almost 3,000 jobs last year, many through lay-offs, data showed Monday, with the job-reduction trend expected to continue this year amid an economic slowdown and growing…

One of the leading German economists has suggested that Italy might leave the euro. The point being made by Clemens Fuest, of the Institute for Economic Research, is that the constraints of the…

Switzerland's reputation as a secretive tax haven looks set to end following the introduction of rules over sharing bank account data.

The International Convention on the Automatic Exchange…

Oman says it will need to borrow money from local and international markets as it announced its budget for 2017 with a projected deficit of around $7.7 billion, AFP reported.

Accountants or advisers who help people bend the rules to gain a tax advantage never intended to face tougher fines under new penalties proposed by the British Treasury, BBC reported. A fine of up…

Tibet reported 11.5% gross domestic product growth this year, realizing the 24th straight year of double-digit growth, Xinhua reported. The plateau region’s GDP reached 114.8 billion yuan ($16.5…

Growth forecasts by various domestic and international institutions indicate the expansion of Slovenia’s economy will speed up in 2017. The GDP growth projections range between 2.3% and 2.9% and…

Rwanda’s economy grew by 5.2% in the third quarter of last year, down from 5.4% in the second quarter and 5.9% in the same period in 2015, according to data published by the statistics office,…

With more economic activity entering the Indian tax net post-demonetization, government should lower the corporate tax rate to 18%, said the Confederation of Indian Industry in its pre-budget…