World Economy

The Czech economy expanded at a slower-than-expected pace in the fourth quarter, preliminary data from the Czech Statistical Office showed Friday, Business Insider reported. Gross domestic…

Italy’s gross domestic product grew by 1.4% last year, according to official, non-seasonally adjusted estimates. National statistics agency Istat said Wednesday that the eurozone’s third-largest…

Europe’s largest economy Germany expanded 0.6% between October and December, official data showed Wednesday, highlighting the country’s economic strength as politicians struggle to form a…

For European banks, it’s a headache that just won’t go away: the €944 billion ($1.17 trillion) of non-performing loans that’s weighing down their balance sheets.

Infrastructure development undertaken by the Indonesian government aims to boost the economy and achieve equitable social justice, President Joko Widodo (Jokowi) stated before members of the…

Portugal’s economy is estimated to have grown 2.7% last year, the former bailout country’s strongest rate of annual expansion since 2000, the national statistics office said on Wednesday.

The National Society of Consumer Protection in Jordan has warned that domestic market demand has declined to an unprecedented level. Consumer purchasing power fell significantly because of…

Sri Lanka’s industrial production increased by 4.3% in December 2017 compared to the same month in 2016, latest official data shows, LBO reported. The Index of Industrial Production is a key…

Poland’s foreign direct investment balance reached PLN 20.7 billion ($6.10 billion) in 2017–the lowest rate in years, according to data released by the National Bank. The figure is nearly 70%…

Japan’s economy posted its longest continuous expansion since the 1980s boom as fourth quarter growth was boosted by consumer spending, moving Prime Minister Shinzo Abe’s revival plan a step…

More and more central banks are continuing to explore the use of blockchain and digital currencies.

Calls are growing for authorities, including central banks, to step in and regulate…

For more than two decades, Cubans have used a unique dual currency system to protect a fragile economy, but with just weeks of his mandate remaining, President Raul Castro has signaled much-…

Finance Minister Bill Morneau will introduce the federal government’s next budget on Feb. 27 as the country faces persistent uncertainty around trade and competitiveness.

Romania recorded a 7% economic growth in 2017, the national statistics institute announced on Wednesday. The growth rate, which was higher even than China’s 6.9% economic growth in 2017,…

US trade protectionism will eventually do harm to its own economy and the global economy as a whole, a US expert on China said Tuesday.

Jon R. Taylor, a political science professor at…

The world is now facing what observers are calling a "synchronized" growth upswing. What does this mean for the economic convergence of developed and developing countries, a topic that lost…

The World Bank has poured cold water on Uganda’s infrastructure development saying it has wasted investment that is not helping the economy grow, AllAfrica reported. The World Bank warned of…

Global investors cut equity holdings by the most in two-years in February, a Bank of America Merrill Lynch survey showed on Tuesday, as world shares had their worst week since early 2016,…

Hackers stole more than 1 billion rubles ($17.3 million) from Russian banks using the Cobalt Strike security-testing tool in 2017, a central bank official said on Tuesday. Russia is under…

France’s economy added more than 50,000 private sector jobs in the last three months of 2017 as employment growth returned to levels not seen since before the global financial crisis, official…

British inflation unexpectedly held close to its highest level in nearly six years in January, highlighting the challenge the Bank of England will face as it tries to return price growth to…

President Donald Trump sent Congress a $4.4 trillion budget proposal on Monday outlining steep cuts to domestic programs, large increases in military spending and a ballooning federal deficit…

Australia’s small business sector is bullish about its prospects for 2018 according to the most recent Westpac-Melbourne Institute SME Index (December 2017) with strong sales and profitability…

Consumer confidence in Northern Ireland has fallen sharply, according to a new report. Analysis published by Danske Bank on Tuesday, suggested local political uncertainty and high inflation…

The election of President Emmanuel Macron in France last spring increased the odds of a unified European economic policy. He has expressed interest in moving to pan-European fiscal policy…