World Economy

The euro is on course to hit parity with the dollar for the first time in more than 14 years, helping the eurozone maintain its recovery by making exports more competitive.

Donald Trump’s election as president has made many small business owners more upbeat about 2017.

The South Korean government cut its growth projection for next year to 2.6% from 3%, reflecting tepid domestic consumption and weak exports.

The latest national survey on unemployment, released on Thursday by the Brazilian Institute of Geography, showed that for the three-month period that ended in November, the unemployment rate…

Sri Lanka’s central bank said it is keeping policy rates unchanged in December with inflation rising 4.1% during the year, economynext reported. Credit from commercial banks to private business…

India’s foreign exchange reserves declined by $935.2 million to $359.671 billion in the week to December 23 on account of fall in foreign currency assets, the Reserve Bank said Friday, PTI…

Ghana’s gross domestic product, notwithstanding the discovery of oil, has only increased from $28.5 billion in 2008 to a projected $40 billion in 2016, a 40% increase in eight years, according to…

Ecuador’s central bank expects the Andean nation’s economy to grow by 1.42% in 2017 with respect to 2016, central bank manager Madeleine Abarca said in a press conference on Thursday, Reuters…

Confidence in Turkey’s economy weakened among consumers and businesses in December, according to the Turkish Statistical Institute Thursday. The economic confidence index decreased by 18.5% in…

Beijing has pledged to open up more economic sectors to foreign investment, an official statement said, as foreign chambers of commerce complain of a worsening business environment in the country…

Vietnam gained trade surplus of $2.68 billion for the entire year, the general department of customs said, CNA reported. The department said the nation had total trade value of $349.2 billion this…

The (Persian) Gulf Cooperation Council countries’ economies are at crossroads. The slump in oil prices since 2014 has affected the (P)GCC countries in many ways. Unlike previous episodes of price…

Mika Lintila, the newly-appointed minister of economic affairs, is confident that the national economy will grow in the next two years at a rate exceeding the latest growth forecast of the…

Activity in Russia’s services sector surged in December to its highest level in more than four years, the Markit purchasing managers index showed on Friday.

The headline PMI rose to 56.5 in…

With all major economic indicators performing strong in the outgoing year 2016, the economy is showing prospect of maintaining the steady growth pace in 2017, according to Bangladesh Bank.

American consumers are the sunniest they’ve been in more than 15 years, Foxnews reported. The Conference Board said Tuesday that its consumer confidence index climbed to 113.7 in December, up from…

The Philippine economy is expected to achieve its 6.7% growth target for the year following strong growth in the first three quarters, presidential spokesperson Ernesto Abella said, ABS/CBN news…

German business groups have compared the country's economy to a tanker that will be cruising along without any dynamic acceleration next year, but also steering clear of rough waters to slow it…

Spain faces challenges to become an economy with high employment and high wages, Alfredo Pastor, Emeritus Professor of Economics at the IESE Business School in Barcelona, told Xinhua in an…

Three of the world’s top 10 economies are ending the year in worse shape than they started. And they’ve only got themselves to blame.

Two referendums and an unparalleled currency experiment…

In a normal year, double-digit returns for the average investor would be a cause of celebration. But 2016 was not a normal year. At the start of 2016, energy investors were in a state of panic.…

Japan's factory output rose in November and manufacturers expect to ramp up production in coming months, data showed Wednesday, RTE reported. This underscored the central bank's view that a pick-…

Pakistan’s Ministry of Finance has ruled out the Upper House of Parliament’s proposal to discontinue the Rs 5,000 currency note in a bid to reduce the size of informal economy in the country. The…

Saudi Arabia is looking to diversify its oil-dependent economy and has already announced cutbacks after its 2015 deficit snowballed to $97 billion. The long spell of lower oil prices has begun to…

Even if Zimbabwe has already cleared arrears with the International Monetary Fund’s Poverty Reduction and Growth Trust after paying $108 million on October 20 using its Special Drawing Rights…