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American Economic Growth Collapses
GDP growth in the United States fell significantly, growing just 0.5% in the first quarter of 2016. Despite economists’ predictions of continued economic strength, real GDP growth was just...
U.S. Government Presses Iraq to Maintain Reform Efforts
U.S. Vice President Joe Biden visited Iraq this week to support ongoing reforms of the central government, according to the Associated Press. Biden praised Iraq’s progress in forming a...
Ecuador Turns to IMF for Post-Quake Relief
A devastating earthquake struck Ecuador on April 18. The quake left 659 dead and caused an estimated $2 to $3 billion (US) in property damage. The damage has left...
Weak Home Sales and Worsening Trade Balance Puts Fed on Hold
With home sale growth weakening and America’s trade balance worsening, the Federal Reserve announced it would not increase interest rates. With home sale growth weakening and America’s trade balance...
Eastern Libyan Government Defies Central Authority with Oil Deal
Libya’s eastern government defied the wishes of the central government for the first time by selling oil to an oil tanker, according to Reuters. The UN Security Council responded...
Despite Lifting of Sanctions, World Bank Still Reluctant to Engage with Iran
After years of sanctions, things are looking up economically for the Iranian people. However, the World Bank, an organization dedicated to eradicating poverty around the world, appears reluctant to...
Consumer Confidence, Durable Goods Data Points to Slumping Economy
Weak consumer confidence and a disappointing lack of significant growth in durable goods sales are pointing to a weakening American economy. Durable goods sales rose just 0.8% in March...
Chad Maintains State of Emergency as Government Combats Boko Haram
Chad extended its state of emergency by six months around the Lake Chad area as the government combats terrorist organization Boko Haram, according to AFP. Militants grow desperate as...
Could Iran Sue the United States for Alleged Economic Treaty Violation?
Iran officially condemned the United States’ Supreme Court’s ruling earlier this month that would allow the families of victims of terrorism sponsored by Iran to collect monetary damages from...
Real Estate Panic? Home Sales Fall, Prices Keep Rising
Economic analysts are beginning to call the real estate market a “panic” as home sales continue to fall but prices keep rising. New home sales fell by an annualized...