World Economy

The International Monetary Fund is projecting an economic contraction of 9% this year in struggling Suriname, AP reported. A visiting IMF team says that without major policy adjustments, Suriname…

Chancellor Philip Hammond has said he aims to make the economy “match fit for the opportunities and challenges ahead” as the UK approaches Brexit.

Ahead of his first Autumn Statement, he…

Market developments will be closely monitored by the Turkish Central Bank, and necessary measures will continue to be taken to support financial stability, said Turkey’s Economic Coordination…

If Middle Eastern countries do not start making real progress on fundamental political and economic reforms, further regional turmoil is inevitable.

With the rentier systems that…

Strong construction and infrastructure investment and upbeat consumer spending bolstered growth.

The Philippine economy is the fastest growing in Asia, at 7.1% on-year July-September—its…

Sri Lanka’s economy has begun to stabilize after securing a $1.5 billion bailout earlier this year, but the island needs to build its dwindling foreign reserves, the IMF said Saturday.

Should South Africa avoid having its credit rating cut to “junk” in the next two weeks, it could just be staving off the inevitable.

More than half of 12 economists surveyed by Bloomberg…

Asian currency policymakers are worried that the strengthening of the dollar on expectations of US President-elect Donald Trump’s fiscal policies could be used by his administration as a stick to…

Portugal is the country that enjoyed the best economic performance between July and September in the eurozone, latest official figures have shown. According to Portugal Statistics, the country’s…

China’s outbound direct investment is surging despite weak global growth as Chinese companies continue to internationalize their business.

Non-financial ODI increased 53.3% year-on-year to…

The Kuwaiti government is planning to impose tax on expats’ remittances and companies besides privatization of healthcare and education sector, TradeArabia quoted a report by Kuwait Times as…

Vietnam recorded a trade surplus of over $3.3 billion from January to October 2016 with foreign direct investment companies continuing to outweigh domestic firms in export revenue, according to…

The Indonesian central bank, Bank Indonesia, has revised down its forecast for Indonesia’s economic growth in 2017 from 5.1-5.5%  to 5-5.4%, because the global economy is not expected to…

Pakistan has been facing serious challenges, including low savings and investment levels, falling exports, poor spending on the social sector and reliance of the tax structure on stopgap measures…

The economy and elections top the list of the nation's most important problems in Gallup's first post-election update of this question. Around 14% of Americans identify the economy as the most…

Norway should limit what it spends from its $860 billion wealth fund to avoid creating economic imbalances, the International Monetary Fund said on Thursday, after the fund grew faster than the…

South African mining companies warned of “dire consequences” for the industry if a revised mining charter is implemented next month as planned, deepening a long-running spat with the government.…

Britain’s £7 trillion ($8.67 trillion) asset management sector offers investors poor value for money due to weak competition and too little transparency in fees, the industry regulator said on…

Europe’s largest carmaker, Volkswagen, is intending to cut tens of thousands of jobs amid a drive to shape its post-Dieselgate future, the company has confirmed, DW reported. A board meeting is…

Saudi Arabia’s stock market edged down Thursday in modest volumes. Tadawul All-Share Index fell 0.3% to 6,629 points, stalling near technical resistance at the July peak of 6,703 points. Volume…

The global banking sector needs to be well regulated and measures already decided should not be rolled back, European Central Bank President Mario Draghi said on Friday as concerns grow that the…

Fed Chair Janet Yellen on Thursday made her strongest comments to date in favor of a policy tightening in December, telling Congress an increase could be “appropriate relatively soon.”

Leaders of Pacific Rim nations began gathering in Peru on Friday seeking to salvage hopes for regional trade as prospects of a Donald Trump presidency sounded a possible death knell for the US-led…

The dollar soared to its highest since April 2003 against a basket of currencies on Wednesday, reaching its strongest in a year against the euro as major banks and investors debated the…

US President Barack Obama has warned of a "rise in a crude sort of nationalism" following the Brexit and US presidential votes.

Speaking in Greece on his final foreign trip, Obama said, "We…