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Latest news about the state of the world economy.
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IMF Predicts Growth for Indonesia in 2016
According to the International Monetary Fund (IMF) Indonesia's economy should grow at a slightly faster rate in 2016 after slowing for several years. The growth comes because of higher...
Chinese Economy Weakens, Yuan Expected to Fall
After two weeks of recovery, the Chinese yuan is expected to fall after further data shows Asia’s largest economy continues to slow. Production in China’s industrial sector rose just...
Turkmenistan President in Trouble As Economy Suffers
President Gurbanguly Berdimuhamedow’s administration is on the line as low oil prices and a Russian recession drags down the economy. The oil sector in particular is plagued with corruption,...
World Bank Predicts Strong Growth for Pakistan for Next Two Years
The World Bank has recently released its Macroeconomic Outlook, 2015. In the report, the World Bank predicts strong growth for Pakistan for the next two years. That growth includes...
Corporate Defaults Expected to Soar, Weak Consumer Data Emerges
Expectations of corporate bankruptcies and debt defaults have skyrocketed, with America’s companies struggling to stay afloat. Credit research firm, Fitch Ratings, has increased its high yield bond default prediction...
World Bank: Vitamin Deficiencies Cost Nigeria $1.5 Billion Annually
While most parents caution their children that it is important to get all of their vitamins and minerals, few probably realize the important role that advice can play in...
Jobless Claims Fall, Services Turnover Rises
People are spending more on services and less jobless claims hint at a recovering American labor market. Initial weekly jobless claims fell from 18,000 to 259,000, far below expectations...
Liberian Red Cross Probe Highlights Entrenched Corruption
Liberia closed the Liberian chapter of the Red Cross amid alleged misuse of funds, according to Reuters. The decision comes after President Ellen Johnson Sirleaf's dismissal of Red Cross...
Sexism Hurts Global Economy IMF Chief Says
Around the world, while women have gained significant ground on the issue of equal treatment under the law and norms of society, they still are not treated the same...
Markets Reel on China Exports Crash, IMF Cautions
American and Chinese markets suffered a setback after Chinese exports plummeted by over 25%. Exports fell by 25.4% according to official figures, while imports fell by over 14%. Both...