World Economy

Scottish output growth is being fuelled by a combination of capital investment–particularly infrastructure spending–and consumer spending, according to the latest Economic Commentary from the…

After a long struggle, European Central Bank’s asset purchase program of € 60 billion ($67 billion) per month along with crucial reform pursued by Italian government seem to have restarted the…

India has unveiled plans to cut transaction costs for electronic payments, to spur retailers and consumers to use less cash, as part of Prime Minister Narendra Modi’s drive to pull more people…

To a lot of people, this seems like a silly question to even ask. Of course booms cause busts, they say. Excessive greed or optimism or easy credit leads to overinvestment, soaring asset prices…

Global resolve to rescue impoverished children from lives of squalor, disease and hunger has fallen far short, with economic development in many countries still leaving millions of the most…

The International Monetary Fund has provided a ringing endorsement of the financial system inquiry’s calls for higher bank capital, declaring the recommendation that banks carry capital…

South Korean banks are turning their eyes to new business targeting foreign investors as they are struggling from falling interest income amid a low rate trend at home, industry sources said…

Briton’s disposable income will be driven up from an increase in productivity over the next five years, but employment growth will not follow the same upward trend, according to a research…

Trade in goods would fall by €3 billion ($3.37 billion) and services by €5 billion, the conference, hosted by the Irish Exporters Association, was told, NewsNow reported. Ana Boata, economist with…

On June 17, 2015, China and Australia officially signed an agreement to create a bilateral free trade area. Negotiations on the creation of this area were initiated in April 2005, but they were…

Saudi Arabia has the world’s lowest debt to economic output ratio–at least for now.

With oil prices tumbling and the country burning through currency reserves at a record pace, economists…

The Foreign Trade Association, a leading business association of European and international commerce that promotes the values of free trade, has demanded that the European Union’s trade policy be…

Chinese Finance Minister Lou Jiwei called on the United States to boost its domestic savings and investment to strengthen growth, including spending to improve infrastructure.

Brazil’s central bank raised its forecast for inflation in 2015 and cut its view for 2016, though not enough to bring next year’s figure into line with its target.

Russia needs a more conservative approach towards its reserves, the central bank said on Tuesday, noting risks to financial stability from limited access to foreign capital, tighter US monetary…

With the lowering oil price having a knock-on effect on the local property scene, the (Persian) Gulf Cooperation Council investors are looking towards more mature markets that can withstand the…

Yuan convertibility has been in the works for years, and is a move that could see the renminbi sideline the US dollar as the world’s primary reserve currency.

The deputy head of the Chinese…

Britain has cut its stake in Lloyds Banking Group to below 17%, the finance ministry said in a stock market disclosure on Tuesday, taking the total sum recovered by the taxpayer to £11.5 billion…

Economic inequality will make it harder for countries to weather crises such as natural disasters and social unrest in the future, a study has shown, NewsNow reported. The 2015 Change…

In a post-budget review, senior economists and analysts at the Institute of Policy Studies in Pakistan have urged the government to rethink its fiscal policies for the current financial year,…

Japan has granted approximately 560 million rupees ($4.18 million) to Sri Lanka under the ‘Non Project Grant Aid for Provision of Japanese Local Products (2014),’ the Embassy said Monday, Lanka…

Confidence in France’s manufacturing sector dropped further than expected in June as business leaders were more cautious about the outlook for their order books and levels of recent production,…

A private gauge of Chinese manufacturing showed signs the industry is stabilizing after policy makers eased monetary settings and bolstered provincial finances.

The preliminary Purchasing…

Abenomics, Japan’s economic plan with three arrows in the quiver, may need another few arrows.

The informal economy is huge: it absorbs more than half of the global workforce and includes more than 90% of small and medium sized enterprises–a number that does not take into account a myriad…