World Economy

Zimbabwe’s economy is now expected to grow 1.2% in 2016, from the 1.4% forecast earlier in the year, Finance Minister Patrick Chinamasa said in his mid-year budget speech, TVC reported. Chinamasa…

A tenth of the world’s wilderness has vanished in the past two decades, research shows.

The money printing presses are spinning fast. The world’s four most powerful central banks have pumped more than $9 trillion into the global economy since the financial crisis in a bid to boost…

Turkish gross domestic product grew by 3.1% in the second quarter of 2016, lower than forecasts of around 3.4%, amid a decline in industrial investments and foreign demand, data from the Turkish…

Cyprus’s trade deficit widened 34%, or €636 million ($716 million), to over €2.5 billion, year-on-year in the first seven months of 2016, as the value of exports soared and that of exports plunged…

Leaders of the East African Community have postponed the signing of economic partnership agreements with the EU to December, DW reported. Kenya and Rwanda fear they may lose access to European…

The collapse of Hanjin Shipping will boost the cost to US businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to…

The outlook for the global economy hasn’t changed as a result of the UK’s vote to leave the European Union, according to leading indicators released Thursday by the Organization for Economic…

German exports plunged unexpectedly in July, posting their steepest drop in nearly a year, while imports also edged down, suggesting Europe’s biggest economy started the third quarter on a weak…

If the transportation industry is any indicator—and it usually is—then the US economy could be on the brink of a downturn.

The SWIFT Institute has published a new research paper analyzing whether Bitcoin will crowd out fiat currencies in the global community.

Brexit noise is masking Europe’s more pressing existential problems. Portugal and Italy for two.

That’s the bald message from Eurasia Group. It’s one of the largest political risk…

A six-hour working day could soon be coming to the UK—giving people more time to enjoy their social lives, experts have claimed, NewsLookUp reported.

Washington has slapped sanctions on another 81 Russian companies as a result of Moscow’s role in the Ukraine conflict.

Among those facing bans are chipmakers, shipyards, gas firms and a…

Premature deaths caused by poor air quality cost the global economy around $225 billion in lost labor income during 2013, according to a major new economic study published Thursday by the World…

Mario Draghi said the European Central Bank will study how to ensure its quantitative-easing program doesn’t run out of bonds to buy, while playing down the need to commit to fresh…

About two weeks after Denmark revealed it had lost as much as $4 billion in taxes through a combination of fraud and mismanagement, the minister in charge of revenue collection says that figure…

More than a third of Arab banks have seen their business links with foreign banks shrink over the past four years because of pressures such as economic sanctions and concern about money laundering…

Without Israeli occupation, the Palestinian economy could easily produce twice the gross domestic product it generates now, while unemployment and poverty could recede significantly, says a report…

The contraction of Egypt’s non-oil private sector gathered pace in August, after having eased considerably at the start of the third quarter. Sharper falls in output, new orders and employment led…

Sterling edged down against the dollar on Wednesday but stayed close to the seven-week high it had hit the previous day, as investors awaited testimony from the head of the Bank of England for…

The Hungarian economic growth is expected to struggle to attain even the sub-consensus projection of 2.2% growth in 2016, said Commerzbank in a research note.

New data shows Spain’s economy has been growing at an annual rate of more than 3% for the last 15 months.

This marks a sustained and stunning comeback for a country that was …

A senior official of the global rating agency Standard & Poor’s said Wednesday that the South Korean economy could grow at an average rate of 2.9% per year until 2019, Yonhap reported.

The Zimbabwe Stock Exchange weakened further last month as investors fled, spooked by cash shortages in the country, after turnover for the month declined by a massive 49% to $7 million (R101…