World Economy

More than $1 trillion was wiped off the value of bonds around the world this week as US President-elect Donald Trump’s policies are seen boosting spending and quickening inflation.

Noura al-Bajari, a member of the Iraqi Parliament’s Economy and Investment Committee, expressed fear in a press statement that Iraq will be unable to pay off its debts. She cited dropping oil…

Federal Reserve Vice Chairman Stanley Fischer said the central bank has almost reached its goals for maximum employment and price stability, strengthening the case for raising interest rates.

Canadian consumers’ debt has hit a dizzying symbolic milestone: For the first time ever, it’s now worth more than the entire Canadian economy.

Total household debt amounted to 100.6% of…

Russian President Vladimir Putin said on Friday there was a risk this year’s federal budget deficit could slightly exceed 3.7% of gross domestic product, Reuters reported. Putin told a meeting…

Allianz SE, Europe’s biggest insurer, said third-quarter profit rose 36%, helped by higher earnings at the life and health insurance unit. The shares rose, Bloomberg reported. Net income increased…

One of the prime advocates of the Trans-Pacific Partnership believes the agreement still has a future, despite the antagonism shown by president-elect Donald Trump, ABC reported. Senior fellow…

Not only has the economic team of the President Michel Temer administration given up expectations on a recovery of the economic growth in Brazil at the end of this year, they now have reduced…

Turkey may make further temporary tax reductions to try to boost flagging growth after a disappointing third quarter, in addition to its efforts to expand credit and bolster domestic demand,…

Saudi Arabia recorded the first fiscal budget deficit since 2009 in 2014 with a shortfall of SAR54 billion ($14.4 billion) and the first back-to-back budget deficit since 2002 in 2015 with a…

Rising inflation is becoming an “increasing impediment to the UK’s growth prospects” according to the British Chambers of Commerce.

The latest Inflation Report from the Bank of England…

The European Union is likely to extend economic sanctions on Russia over Ukraine in December but could find it much harder to renew them in the future if Donald Trump succeeds in warming up…

Greece will soon ease capital controls further but full liberalization will depend on progress in easing the country’s debt burden, which is also a precondition for entering the ECB’s asset buying…

Argentina’s economy will grow about 3% annually over the next five years, the International Monetary Fund said Thursday after formally reviewing the country for the first time in a decade.

There is much uncertainty in Asia over what US President-elect Donald Trump will do when he takes office next year, but markets seem sure of two things–his policies will be inflationary, and there…

More Chinese banks want to set up shop in London despite the Brexit vote which has prompted foreign lenders in the capital to consider bases in continental Europe.

British and Chinese…

Japanese manufacturers’ confidence rose for a third straight month to a 15-month high in November, while the mood in the service sector rebounded from a 3-1/2-year low in the prior month, a…

Investors believe it is “inevitable” that artificial intelligence will destroy millions of jobs and that governments are unprepared for it, a new survey revealed, pointing to the technology’s…

The National Bank of Poland left its interest rates unchanged Wednesday, in line with expectations and earlier guidance, Dow Jones reported. Price declines have continued, but the central bank has…

The general manager of Peru’s central bank said the economy needs expansive monetary and fiscal policies through 2017 to bolster growth that he expects to slow to about 3% year-on-year in the…

Russia continued its adjustment to lower oil prices in 2016, in an environment of economic sanctions, infozine.com reported. A sustained fall in real incomes kept domestic demand depressed, and…

The European Union on Wednesday edged up its eurozone growth forecast for this year but trimmed it for 2017, warning that the economy faced new challenges due to Brexit and rising inequality.

The Portuguese economy might be on an unstable footing with only one credit rating agency giving it an investment grade, but such instability should lessen in the medium-term, the country’s…

Same story. Different country. Much, much bigger implications. That’s the economic message from Donald Trump’s victory in the year of shocks. By comparison, Brexit was a sideshow.

Trump…

The Norwegian government said it was running a financial deficit for the second consecutive quarter largely because of declining revenues from petroleum.