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Latest news about the state of the world economy.
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UK Economic Growth Weakens on Exports, Foreign Tax Evaders
Indicators of weakening conditions in the United Kingdom are alarming economists, who believe the country’s reliance on rising housing prices may be setting the country up for an economic...
WTO: Vietnam Scores “Impressive” Import/Export Growth in 2015
The World Trade Organization (WTO) recently released its “World Trade 2016 and Prospects 2016” report. In it, the only nation to achieve “impressive” import-export growth in 2015 was a...
Keiko Fujimori Projected to Win First Round of Peruvian Elections
Keiko Fujimori, daughter of jailed ex-president Alberto Fujimori, may have won the first round of voting, but faces a June runoff, according to the Associated Press. Officials have counted...
Federal Reserve Assures Recession is not Imminent
Fighting increasingly worrying data about the American economy, the Federal Reserve has made a plea to the world to remain calm. A historically unprecedented presentation by the last four...
World Bank: Lending Highest since 2008 Global Economic Meltdown
While the overall financial performance of the world’s economy is not as poor as it was in 2008, the World Bank’s rate of lending is almost as high as...
Mortgage Rates Fall as Treasury Yields Stay Low
In another sign of slow growth and weak demand, mortgage rates fell to their lowest point this year as Treasury yields fell to almost their lowest rate in history. ...
Spain’s Socialists Seek Cross-Party Alliance in Parliament
Spain’s Socialist Party is seeking a three-way alliance with Ciudadanos, a pro-business party, and Podemos, an anti-austerity party, but Ciudadanos remains hesitant due to political differences, according to Bloomberg....
Panama-OECD Engagement Post “Panama Papers”
Panama, the nation at the center of a global financial scandal, has vowed to deepen its ties to the Organization for Economic Cooperation and Development (OECD) in order to...
Federal Reserve Puts Rate Hikes on Hold
The Federal Reserve has fully reversed course, indicating that interest rate increases are likely to come later rather than sooner, as weak economic growth plagues the United States. Recently...
Zimbabwe Undergoes Cash Crunch as Economy Struggles
Central bank governor John Mangudya urged Zimbabweans to limit cash usage as the nation’s cash shortage grew worse this week, according to New Zimbabwe. Zimbabwe discarded its defunct currency...